Common use of Adverse Developments Clause in Contracts

Adverse Developments. Since December 31, 1999, there has been no material adverse change in its financial condition, business, operations, affairs or prospects of Borrower or in any of its properties or assets.

Appears in 3 contracts

Samples: Commercial Revolving Loan, Demand Loan and Security Agreement (Netplex Systems Inc), Commercial Revolving Loan, Demand Loan and Security Agreement (Netplex Group Inc), Commercial Revolving Loan, Demand Loan and Security Agreement (Netplex Systems Inc)

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Adverse Developments. Since December 31September 1, 19991997, there has been no material adverse change in its the financial condition, business, operations, affairs or prospects of Borrower or in any of its properties or assets.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Ziplink Inc), Revolving Loan Agreement (Ziplink Inc)

Adverse Developments. Since December 31, 19992001, there has been no material adverse change in its financial conditionthe business, businessprospects, operations, affairs properties, assets or prospects condition (financial or otherwise) of the Borrower other than changes, occurrences or in any of its properties or assetsevents affecting the securities industry as a whole.

Appears in 1 contract

Samples: Credit Agreement (Labranche & Co Inc)

Adverse Developments. Since December 31, 19991997, there has been no material adverse change in its financial conditionthe business, businessprospects, operations, affairs properties, assets or prospects condition (financial or otherwise) of Borrower or in any of its properties or assetsthe Borrower.

Appears in 1 contract

Samples: Credit Agreement (Labranche & Co Inc)

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Adverse Developments. Since December March 31, 19992001, there has been no material adverse change in its financial condition, business, operations, affairs or prospects of Borrower or in any of its properties or assets.

Appears in 1 contract

Samples: Commercial Revolving Loan, Demand Loan and Security Agreement (Saztec International Inc)

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