Common use of Adverse Circumstances Clause in Contracts

Adverse Circumstances. No condition, circumstance, event, agreement, document, instrument, restriction, litigation or proceeding (or threatened litigation or proceeding or basis therefor) exists which (a) could materially adversely affect the ability of Borrower to perform its obligations under this Agreement or the Loan Documents, (b) would constitute a Potential Default or Event of Default under any of the Loan Documents, or (c) would constitute a material adverse change in the business, financial condition, operations or results of operations of Borrower."

Adverse Circumstances. No condition, circumstance, event, agreement, document, instrument, restriction, litigation or proceeding (or threatened litigation or proceeding or basis therefor) exists which (a) could materially adversely affect the ability validity or priority of Borrower the Liens granted to perform its obligations the Agent, for the benefit of the Lenders, under this Agreement or the Loan Documents, (b) could materially adversely affect the ability of any Borrower to perform its obligations under the Loan Documents or (c) would constitute a Potential Default or an Event of Default under any of the Loan Documents, or (c) would constitute a material adverse change in the business, financial condition, operations or results of operations of Borrower."

Adverse Circumstances. No condition, circumstance, event, agreement, document, instrument, restriction, litigation or proceeding (or threatened litigation or proceeding or basis therefor) exists which (a) could materially adversely affect the ability of the Borrower to perform its obligations under this Agreement or the Loan Documents, (b) would constitute a Potential Default or Event of Default default under any of the Loan Documents, or (c) would constitute such a material adverse change in default with the business, financial condition, operations giving of notice or results lapse of operations of Borrowertime or both."