Common use of Adverse Transactions Clause in Contracts

Adverse Transactions. None of Borrower, any Subsidiary or any Portfolio Entity-50% shall enter into any transaction which materially and adversely affects its ability to perform its obligations under the Loan Documents or to pay any other Indebtedness.

Appears in 4 contracts

Samples: Reducing Note Facility Agreement (Firstcity Financial Corp), Subordinated Delayed Draw Credit Agreement (Firstcity Financial Corp), Revolving Credit Agreement (Firstcity Financial Corp)

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Adverse Transactions. None of Borrower, any Primary Obligor, any Mid-Tier Company, any Wholly-Owned Subsidiary or any Portfolio Entity-50% other Loan Party shall enter into any transaction which materially and adversely affects its ability to perform its obligations under the Loan Documents or to pay any other Indebtedness.

Appears in 2 contracts

Samples: Loan Agreement (Firstcity Financial Corp), Term Loan and Revolving Credit Agreement (Firstcity Financial Corp)

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Adverse Transactions. None of either Borrower, any Subsidiary or any Portfolio Entity-50% shall enter into any transaction which materially and adversely affects its ability to perform its obligations under the Loan Documents or to pay any other Indebtedness.

Appears in 1 contract

Samples: Reducing Note Facility Agreement (Firstcity Financial Corp)

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