Closing Date Material Adverse Effect. Since March 1, 2012, there have not been any facts, circumstances, events, changes, effects or occurrences that have had or would reasonably be expected to have, individually or in the aggregate, a Closing Date Material Adverse Effect (as defined below); provided, however, that facts, circumstances, events, changes, effects or occurrences that are set forth in the Company Disclosure Schedule (as defined in the Merger Agreement), to the extent that it is reasonably apparent that such disclosure is relevant, will not be taken into account for purposes of determining whether a Closing Date Material Adverse Effect has occurred. “Closing Date Material Adverse Effect” shall mean any fact, circumstance, event, change, effect or occurrence (whether or not constituting any breach of a representation, warranty, covenant or agreement set forth in the Merger Agreement) that (i) has had or would reasonably be expected to have a material adverse effect on the assets, properties, liabilities, business, results of operation or financial condition of the Company and its Subsidiaries, taken as a whole, but will not include facts, circumstances, events, changes, effects or occurrences to the extent, or to the extent attributable to: (A) generally affecting the greeting card or social expressions industry in the geographies in which the Company operates, (B) generally affecting the economy, credit or financial markets in the geographies in which the Company operates, (C) changes after the date of the Merger Agreement in Law or in generally accepted accounting principles or in accounting standards, or any regulatory and political conditions or developments, (D) the announcement of the Merger Agreement or the consummation of the Merger (other than for purposes of any representation or warranty contained in Sections 3.3(b)-(c) of the Merger Agreement), (E) acts of war or military action, sabotage or terrorism, or any escalation or worsening of any such acts of war or military action, sabotage or terrorism, (F) earthquakes, hurricanes, tornados or other natural disasters, except, in the case of each of clauses (A), (B), (C), (E) and (F), to the extent any fact, circumstance, event, change, effect or occurrence disproportionately impacts the assets, properties, business, results of operation or financial condition of the Company and its Subsidiaries, taken as a whole, relative to other participants in the industries in which the Company and its Subsidiaries operate, (G) any action taken by the Company or its Subsidiaries (1) that is expressly required by the Merger Agreement (other than with respect to the Company’s obligations to comply with Section 5.1(a) or Section 5.5 of the Merger Agreement), (2) taken with Holdings’ and the Global Agent’s written consent, or (3) resulting from any action taken at the written request of Holdings with the consent of the Global Agent, (H) resulting from any change in the market price or trading volume of securities of the Company in and of itself; provided that a fact, circumstance, event, change, effect or occurrence causing or contributing to the change in market price or volume will not be disregarded from the determination of a Closing Date Material Adverse Effect, or (I) the fact of any failure to meet revenue or earnings projections, forecasts, estimates or guidance for any period, whether relating to financial performance or business metrics, including revenues, net incomes, cash flows or cash positions, provided that a fact, circumstance, event, change, effect or occurrence causing or contributing to such failure shall not be disregarded from the determination of a Closing Date Material Adverse Effect; or (ii) that would reasonably be expected to prevent or materially delay or impair the ability of the Company to perform its obligations under the Merger Agreement or to consummate the Transactions. Each of the capitalized terms used in the definition of “Closing Date Material Adverse Effect” (other than “Merger Agreement”, “Global Agent” and “Closing Date Material Adverse Effect” which shall have the meanings given to such terms in this Agreement) shall have the meanings given to such terms in the Merger Agreement as of March 29, 2013.
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Samples: Credit Agreement (American Greetings Corp), Credit Agreement (American Greetings Corp), Credit Agreement (American Greetings Corp)
Closing Date Material Adverse Effect. Since March 1, 2012, there have not been any facts, circumstances, events, changes, effects or occurrences that have had or would reasonably be expected to have, individually or in the aggregate, a Closing Date Material Adverse Effect (as defined below); provided, however, that facts, circumstances, events, changes, effects or occurrences that are set forth in the Company Disclosure Schedule (as defined in the Merger Agreement), to the extent that it is reasonably apparent that such disclosure is relevant, will not be taken into account for purposes of determining whether a Closing Date Material Adverse Effect has occurred. “Closing Date Material Adverse Effect” shall mean any fact, circumstance, event, change, effect or occurrence (whether or not constituting any breach of a representation, warranty, covenant or agreement set forth in the Merger Agreement) that (i) has had or would reasonably be expected to have a material adverse effect on the assets, properties, liabilities, business, results of operation or financial condition of the Company and its Subsidiaries, taken as a whole, but will not include facts, circumstances, events, changes, effects or occurrences to the extent, or to the extent attributable to: (A) generally affecting the greeting card or social expressions industry in the geographies in which the Company operates, (B) generally affecting the economy, credit or financial markets in the geographies in which the Company operates, (C) changes after the date of the Merger Agreement in Law or in generally accepted accounting principles or in accounting standards, or any regulatory and political conditions or developments, (D) the announcement of the Merger Agreement or the consummation of the Merger (other than for purposes of any representation or warranty contained in Sections 3.3(b)-(c) of the Merger Agreement), (E) acts of war or military action, sabotage or terrorism, or any escalation or worsening of any such acts of war or military action, sabotage or terrorism, (F) earthquakes, hurricanes, tornados or other natural disasters, except, in the case of each of clauses (A), (B), (C), (E) and (F), to the extent any fact, circumstance, event, change, effect or occurrence disproportionately impacts the assets, properties, business, results of operation or financial condition of the Company and its Subsidiaries, taken as a whole, relative to other participants in the industries in which the Company and its Subsidiaries operate, (G) any action taken by the Company or its Subsidiaries (1) that is expressly required by the Merger Agreement (other than with respect to the Company’s obligations to comply with Section 5.1(a) or Section 5.5 of the Merger Agreement), (2) taken with Holdings’ and the Global Agent’s written consent, or (3) resulting from any action taken at the written request of Holdings with the consent of the Global Agent, (H) resulting from any change in the market price or trading volume of securities of the Company in and of itself; provided that a fact, circumstance, event, change, effect or occurrence causing or contributing to the change in market price or volume will not be disregarded from the determination of a Closing Date Material Adverse Effect, or (I) the fact of any failure to meet revenue or earnings projections, forecasts, estimates or guidance for any period, whether relating to financial performance or business metrics, including revenues, net incomes, cash flows or cash positions, provided that a fact, circumstance, event, change, effect or occurrence causing or contributing to such failure shall not be disregarded from the determination of a Closing Date Material Adverse Effect; or (ii) that would reasonably be expected to prevent or materially delay or impair the ability of the Company to perform its obligations under the Merger Agreement or to consummate the Transactions. Each of the capitalized terms used in the definition of “Closing Date Material Adverse Effect” (other than “Merger Agreement”, “Global Agent” and “Closing Date Material Adverse Effect” which shall have the meanings given to such terms in this Agreement) shall have the meanings given to such terms in the Merger Agreement as of March 29, 2013.Subsidiaries
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Closing Date Material Adverse Effect. Since March 1August 8, 20122006 and except as contemplated by the Merger Agreement, there shall not have not been any event, state of facts, circumstancescircumstance, eventsdevelopment, changes, effects change or occurrences that have had effect (including those affecting or would reasonably be expected relating to haveany joint venture) that, individually or in the aggregateaggregate with all other events, a Closing Date Material Adverse Effect (as defined below); provided, however, that factsstates of fact, circumstances, eventsdevelopments, changeschanges and effects, effects or occurrences that are set forth in the Company Disclosure Schedule (as defined in the Merger Agreement), to the extent that it is reasonably apparent that such disclosure is relevant, will not be taken into account for purposes of determining whether a Closing Date Material Adverse Effect has occurred. “Closing Date Material Adverse Effect” shall mean any fact, circumstance, event, change, effect or occurrence (whether or not constituting any breach of a representation, warranty, covenant or agreement set forth in the Merger Agreement) that (i) has had or would reasonably be expected is materially adverse to have a material adverse effect on the business, assets, properties, liabilities, business, condition (financial or otherwise) or results of operation or financial condition operations of the Company ARAMARK and its Subsidiaries, taken as a wholewhole (a “Closing Date Material Adverse Effect”), but will not include other than any event, state of facts, circumstancescircumstance, eventsdevelopment, changes, effects change or occurrences to the extent, or to the extent attributable to: effect resulting from (A) generally (1) changes in general economic, conditions or changes affecting the greeting card or social expressions industry in the geographies in which the Company operates, (B) generally affecting the economy, credit securities or financial markets in the geographies in which the Company operates, general or (C2) changes a material worsening of current conditions caused by an act of terrorism or war (whether declared or not declared) occurring after the date of the Merger Agreement in Law or in generally accepted accounting principles or in accounting standards, or any regulatory and political conditions or developments, (D) the announcement of the Merger Agreement or the consummation of the Merger (other than for purposes of any representation or warranty contained in Sections 3.3(b)-(c) of the Merger Agreement), (E) acts of war or military action, sabotage or terrorism, natural disasters or any escalation national or worsening of any such acts of war or military action, sabotage or terrorism, (F) earthquakes, hurricanes, tornados or other natural disastersinternational calamity affecting the United States, except, in the case of each of clauses either clause (A), 1) or (B), (C), (E) and (F2), to the extent any fact, circumstance, event, change, effect such changes or occurrence disproportionately impacts the assets, properties, business, results of operation or financial condition of the Company developments (x) have a disproportionate impact on ARAMARK and its Subsidiaries, taken as a whole, relative to other participants in the industries in which ARAMARK conducts its businesses or (y), in the Company case of the foregoing clause (2), directly affect the physical properties of ARAMARK and its Subsidiaries operateSubsidiaries; (B) the announcement of the Merger Agreement and the transactions contemplated hereby, (G) any action taken by the Company or its Subsidiaries including (1) that is expressly required any loss of key employees and labor or union disputes or loss of customers caused thereby and (2) any fees or expenses incurred in connection with the transactions contemplated by the Merger Agreement Agreement; (other than with respect to the Company’s obligations to comply with Section 5.1(aC) or Section 5.5 of the Merger Agreement), (2) taken with Holdings’ and the Global Agent’s written consent, or (3) resulting from any action taken at the written request of Holdings with the consent of the Global Agent, Merger Sub; (HD) resulting from any change in the market price or trading volume of securities of the Company ARAMARK in and of itself; (E) general changes in the industries in which ARAMARK and its Subsidiaries operate, except to the extent such changes or developments have a disproportionate impact on ARAMARK and its Subsidiaries, taken as a whole, relative to other participants in the industries in which ARAMARK conducts its businesses; (F) changes in GAAP, tax laws or regulations; or (G) any failure by ARAMARK to meet any internal projections or forecasts; provided that a factchange, effect, event, circumstance, event, change, effect occurrence or occurrence causing or contributing to the change in market price or volume will not be disregarded from the determination state of a Closing Date Material Adverse Effect, or (I) the fact of any failure to meet revenue or earnings projections, forecasts, estimates or guidance for any period, whether relating to financial performance or business metrics, including revenues, net incomes, cash flows or cash positions, provided that a fact, circumstance, event, change, effect or occurrence facts causing or contributing to such failure shall not may be disregarded from the determination of a Closing Date Material Adverse Effect; or (ii) that would reasonably be expected to prevent or materially delay or impair ARAMARK from consummating the ability of the Company to perform its obligations under the Merger Agreement or to consummate the Transactions. Each of the capitalized terms used in the definition of “Closing Date Material Adverse Effect” (other than “Merger Agreement”, “Global Agent” and “Closing Date Material Adverse Effect” which shall have the meanings given to such terms in this Agreement) shall have the meanings given to such terms in the Merger Agreement as of March 29, 2013Merger.
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Samples: Credit Agreement (Aramark Corp/De)
