Adverse Outcome Sample Clauses

Adverse Outcome. If, as the result of a contest described in Section 9.3.1 hereof, the Tax Benefits, the Prepayment Amount or the Lump Sum Tax Benefit Amount is less than that taken into account in computing any payments made under Section 8 hereof, such payments shall be recomputed on the basis of such revised Tax Benefits, the Prepayment Amount or the Lump Sum Tax Benefit Amount and any excess payments shall be paid by Resources to Buyer, Xxxxxxx or any other member of the Buyer Group, within ten (10) days after such contest is over. Resources shall also pay to Buyer, Xxxxxxx or any other member of the Buyer Group interest at the rates required to be paid by Buyer, Xxxxxxx or such other member of the Buyer Group under Section 6621 of the Code (the "Underpayment Rate") with respect to the revision of the amount of Tax Benefits, the Prepayment Amount or the Lump Sum Tax Benefit Amount or at the corresponding state, local or foreign underpayment interest rates in connection with revisions relating to the state, local or foreign tax revisions also within ten (10) days after the contest is over.
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Adverse Outcome. If, as the result of a contest described in Section 9.3.1 hereof, Tax Benefits are less than those taken into account in computing any payments made under Section 8 hereof, such payments shall be recomputed on the basis of such revised Tax Benefits, and any excess payments shall be paid by Resources to Buyer, Xxxxxxx or any other member of the Buyer Group, within ten (10) days after such contest is over. Resources shall also pay to Buyer, Xxxxxxx or any other member of the Buyer Group interest at the rates required to be paid by Buyer, Xxxxxxx or such other member of the Buyer Group under Section 6621 of the Code (the "Underpayment Rate") with respect to the revision of the amount of Tax Benefits or at the corresponding state, local or foreign underpayment interest rates in connection with revisions relating to the state, local or foreign tax revisions also within ten (10) days after the contest is over.

Related to Adverse Outcome

  • Adverse Actions Take any action or fail to take any action that is intended or is reasonably likely to result in (i) any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth in Article VI not being satisfied or (iii) a material violation of any provision of this Agreement, except, in each case, as may be required by applicable law or regulation.

  • Environmental Claim The receipt from any Governmental Authority or other Person of any notice of violation, claim, demand, abatement, order or other order or direction (conditional or otherwise) for any damage, including personal injury (including sickness, disease or death), tangible or intangible property damage, contribution, indemnity, indirect or consequential damages, damage to the environment, pollution, contamination or other adverse effects on the environment, removal, cleanup or remedial action or for fines, penalties or restrictions, resulting from or based upon (i) the existence or occurrence, or the alleged existence or occurrence, of a Hazardous Substance Activity or (ii) the violation, or alleged violation, of any Hazardous Materials Laws in connection with any Mortgaged Property or any of the other assets of Borrower;

  • Adverse Transactions Enter into any transaction which materially and adversely affects the Collateral or its ability to repay the Obligations in full as and when due;

  • Adverse Agreements Company is not, and will not be as of the Closing Date, a party to any agreement or instrument or subject to any charter or other corporate restriction or any judgment, order, writ, injunction, decree, rule or regulation that materially and adversely affects the condition (financial or otherwise), operations, assets, liabilities, business or prospects of Company, the Business or the Assets.

  • Adverse Action The Indenture Trustee need not take an action that it determines might have a material adverse effect on the rights of the Noteholders not consenting to the action.

  • No Environmental Claims except as may already have been disclosed by the Borrowers in writing to, and acknowledged in writing by, the Agent, there is no Environmental Claim pending or, to the best of the Borrowers’ knowledge and belief, threatened against any of the Borrowers or any of the Ships or any other Relevant Party or any other Relevant Ship or to the best of the Borrowers’ knowledge and belief (having made due enquiry) any of their respective Environmental Affiliates;

  • Adverse Proceedings, etc There are no Adverse Proceedings, individually or in the aggregate, that could reasonably be expected to have a Material Adverse Effect. Neither Holdings nor any of its Subsidiaries (a) is in violation of any applicable laws (including Environmental Laws) that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, or (b) is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

  • Environmental Liabilities No action, proceeding, revocation proceeding, amendment procedure, writ, injunction or claim is pending, or to the Company's knowledge, threatened concerning any Environmental Permit, Hazardous Material or any Hazardous Materials Activity of the Company. The Company is not aware of any fact or circumstance which could involve the Company in any environmental litigation or impose upon the Company any environmental liability.

  • Environmental Claims No Environmental Claim has been commenced or (to the best of its knowledge and belief) is threatened against any member of the Group where that claim would be reasonably likely, if determined against that member of the Group to have a Material Adverse Effect.

  • Adverse Proceedings No action or proceeding by or before any court or other governmental body shall have been instituted or threatened by any governmental body or person whatsoever which shall seek to restrain, prohibit or invalidate the transactions contemplated by this Agreement.

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