Defaults; Material Adverse Effect Sample Clauses

Defaults; Material Adverse Effect. No Default, Event of Default or Material Adverse Effect shall have occurred and be continuing on the date of such Revolving Loan or could reasonably be expected to result from making such Revolving Loan. The acceptance by the Borrower of the proceeds of such Revolving Loan shall be deemed to be a representation and warranty by the Borrower to the Lender to such effect.
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Defaults; Material Adverse Effect. Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Potential Event of Default, Event of Default or Material Adverse Effect, unless such Person has received a notice from a Bank or Borrower, referring to this Agreement, describing such Potential Event of Default, Event of Default or Material Adverse Effect and indicating that such notice is a notice of the occurrence of such Potential Event of Default, Event of Default or Material Adverse Effect (as the case may be). If Administrative Agent receives such a notice of the occurrence of a Potential Event of Default, Event of Default or Material Adverse Effect, Administrative Agent shall give notice thereof to the Banks. Administrative Agent shall take such action with respect to such Potential Event of Default, Event of Default or Material Adverse Effect as is provided in Article 3, Article 7 or the terms of the Credit Documents, or if not provided for in Article 3, Article 7 or such Credit Documents, as Administrative Agent shall be reasonably directed by the Majority Banks; provided, however, that unless and until Administrative Agent shall have received such directions, Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Potential Event of Default, Event of Default or Material Adverse Effect as it shall deem advisable in the best interest of the Banks.
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Defaults; Material Adverse Effect. No Default or Event of Default shall have occurred and be continuing on the date of any Term Loan or would result from making any Term Loan. No Material Adverse Effect shall have occurred and be continuing since January 28, 2006 or would result from making any Term Loan. The acceptance by the Borrower of the proceeds of a Term Loan shall be deemed to be a representation and warranty by the Borrower to the Agent and the Lenders to such effect.
Sample 1See All (4)
Defaults; Material Adverse Effect. The Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of any Default, Event of Default or Material Adverse Effect, unless the Collateral Agent received a notice in accordance with the provisions hereof, from a holder or the Company, referring to this Agreement, describing such Default, Event of Default or Material Adverse Effect and indicating that such notice is a notice of the occurrence of such Default or Event of Default or Material Adverse Effect (as the case may be). The Collateral Agent shall take such action with respect to such Default, Event of Default or Material Adverse Effect as is provided in Section 11 (Events of Default) or the terms of the Financing Documents, or if not provided for in Section 11 (Events of Default) or such Financing Documents, as the Collateral Agent shall be reasonably directed by the Required Holders; provided that, unless and until the Collateral Agent shall have received such directions, the Collateral Agent may (but shall not be obligated to) take such action or refrain from taking such action with respect to such Default, Event of Default or Material Adverse Effect as it shall deem advisable in the best interest of the holders.
Sample 1
Defaults; Material Adverse Effect. No Default or Event of Default shall have occurred and be continuing on the Closing Date or would result from making the Revolving Loans. No Material Adverse Effect shall have occurred and be continuing since February 2, 2008 or would result from making any Revolving Loan.
Sample 1

Related to Defaults; Material Adverse Effect

  • Material Adverse Effects Except as disclosed in the Prospectus and the Time of Sale Information, (a) in the judgment of the Agent there shall not have occurred any Material Adverse Effect; and (b) there shall not have occurred any downgrading, nor shall any notice have been given of any intended or potential downgrading or of any review for a possible change that does not indicate the direction of the possible change, in the rating accorded any securities of the Company or any of its subsidiaries by any “nationally recognized statistical rating organization” as such term is defined for purposes of Section 3(a)(62) of the Exchange Act.

  • Material Adverse Effect The occurrence of any event or condition that has had, or could reasonably be expected to have, a Material Adverse Effect.

  • Parent Material Adverse Effect Since the date of this Agreement, there shall not have been any Parent Material Adverse Effect or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect.

  • Financial Condition; No Material Adverse Effect (a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein and (ii) fairly present the financial condition of the Borrower and its subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein.

  • Company Material Adverse Effect Since the date of this Agreement, there shall not have been any Company Material Adverse Effect or any event, change or effect that would, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.

  • No Material Adverse Effects At Closing Time, there shall not have been, since the date hereof or since the respective dates as of which information is given in the Prospectus or the General Disclosure Package, any Material Adverse Effect.

  • No Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Material Adverse Effect.

  • Notice of Material Adverse Effect The Company shall notify the Buyer (and any subsequent holder of the Debentures), as soon as practicable and in no event later than three (3) business days of the Company’s knowledge of any Material Adverse Effect on the Company. For purposes of the foregoing, “knowledge” means the earlier of the Company’s actual knowledge or the Company’s constructive knowledge upon due inquiry.

  • Closing Date Material Adverse Effect No Closing Date Material Adverse Effect shall have occurred since July 29, 2019.

  • Material Adverse Change A Material Adverse Change occurs;

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