Definition of Material Adverse Effect. MATERIAL ADVERSE EFFECT" with respect to a party means a material adverse change in or effect on the business, operations, financial condition, properties or liabilities of the party taken as a whole; provided, however, that a Material Adverse Effect will not be deemed to include (i) changes as a result of the announcement of this transaction, (ii) events or conditions arising from changes in general business or economic conditions or (iii) changes in generally accepted accounting principles.
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Samples: Securities Purchase Agreement (Discovery Investments Inc), Securities Purchase Agreement (Drilling Inc), Securities Purchase Agreement (Literary Playpen Inc)
Definition of Material Adverse Effect. MATERIAL ADVERSE EFFECT" with respect to a party means a material adverse change in or effect on the business, operations, financial condition, properties or liabilities of the that party taken as a whole; provided, however, that a Material Adverse Effect will not be deemed to include (i) changes as a result of the announcement of this transaction, (ii) events or conditions arising from changes in general business or economic conditions or (iii) changes in generally accepted accounting principles.
Appears in 2 contracts
Samples: Merger Agreement (Penge Corp), Merger Agreement (Seven Ventures Inc)
Definition of Material Adverse Effect. MATERIAL ADVERSE EFFECT" with respect to a party the Company means a material adverse change in or effect on the business, operations, financial condition, properties or liabilities of the party Company taken as a whole; provided, however, that a Material Adverse Effect will not be deemed to include (i) changes as a result of the announcement of this transaction, (ii) events or conditions arising from changes in general business or economic conditions or (iii) changes in generally accepted accounting principles.
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