Change in Financial Position. Any change in the financial position of any Security Party which, in the reasonable opinion of the Majority Lenders, shall have a Material Adverse Effect; or
Appears in 7 contracts
Samples: Agreement (International Shipholding Corp), Senior Secured Loan Facility Agreement (International Shipholding Corp), Senior Secured Loan Facility Agreement (International Shipholding Corp)
Change in Financial Position. Any change in the financial position of any the Security Party Parties (taken as a whole) which, in the reasonable opinion of the Majority Lenders, shall have a Material Adverse Effectmaterial adverse effect on the ability of any Security Parties to perform its respective material obligations under any Financing Document; or
Appears in 4 contracts
Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)
Change in Financial Position. Any change in the operations or the financial position of any Security Party which, in the reasonable opinion of the Majority Lenders, shall could reasonably be expected to have a Material Adverse Effect; or
Appears in 3 contracts
Samples: Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp), Account Pledge Agreement (International Shipholding Corp)
Change in Financial Position. Any any change in the financial position of any Security Party or any Affiliate of the Guarantor which, in the reasonable opinion of the Majority Lenders, shall have a Material Adverse Effect; or
Appears in 2 contracts
Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.), Senior Secured Term Credit Facility Agreement (Top Ships Inc.)
Change in Financial Position. Any any change in the financial position of any Security Party which, in the reasonable opinion of the Majority Lenders, shall have a Material Adverse Effect; or
Appears in 2 contracts
Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp), Secured Credit Facility Agreement (Teekay Shipping Corp)
Change in Financial Position. Any any change in the financial position of the any Security Party or any Affiliate thereof which, in the reasonable opinion of the Majority Lenders, shall have a Material Adverse Effect; or
Appears in 1 contract
Change in Financial Position. Any change in the operations or the financial position of any Security Party which, in the reasonable opinion of the Majority Lenders, shall have a Material Adverse Effect; or
Appears in 1 contract
Samples: Senior Secured Term Loan Facility Agreement (International Shipholding Corp)
