Effective Date Material Adverse Effect Clause Samples
The 'Effective Date Material Adverse Effect' clause defines the circumstances under which a significant negative change affecting a party or the subject matter of an agreement, occurring on or after the effective date, may impact the parties' obligations. Typically, this clause outlines what constitutes a material adverse effect, such as substantial financial losses, legal issues, or operational disruptions, and specifies the timeframe during which such events are relevant. Its core function is to allocate risk by allowing parties to reconsider or terminate the agreement if unforeseen, materially detrimental events occur after the contract becomes effective.
Effective Date Material Adverse Effect. No Amendment No. 2 Effective Date Material Adverse Effect shall have occurred since January 24, 2021.
Effective Date Material Adverse Effect. Since December 31, 2013, no event, development, circumstance or other matter affecting PESRM, the Refinery or any other Effective Date Infrastructure or the transactions contemplated under this Agreement, the other PESRM Transaction Documents or the PESIC-PESRM ISDA Master Agreement has occurred which has had or would reasonably be expected to result in a Material Adverse Effect. ** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Effective Date Material Adverse Effect. Since December 31, 2013, there has not been any Effective Date Material Adverse Effect.
Effective Date Material Adverse Effect. The Required Lenders shall have determined, in their reasonable (from the perspective of a secured lender) business judgment, that no event or development shall have occurred since December 31, 2013 which could reasonably be expected to have an Effective Date Material Adverse Effect.