Exclusion Event. There shall occur an Exclusion Event that would result in a Material Adverse Effect; or
Exclusion Event. There occurs an Exclusion Event which has had or could reasonably be expected to result in non-compliance with any of the financial covenants set forth in Section 8.11.
Exclusion Event. There occurs any Exclusion Event that has, or could reasonably be expected to have, a Material Adverse Effect; or
Exclusion Event. There occurs an Exclusion Event which (i) after taking such steps as such Borrower determines to mitigate the impact thereof is not mitigated within thirty (30) days and (ii) after the expiration of such mitigation period, such Exclusion Event has or could reasonably be expected to have a Material Adverse Effect;
Exclusion Event. There shall occur an Exclusion Event; or
Exclusion Event. After the occurrence of any Exclusion Event, Required Lenders shall have the right in their sole discretion at any time and from time to time to notify Borrower that, effective three (3) Business Days after the giving of such notice and for so long as the circumstances giving rise to such Exclusion Event exist, such Property shall no longer be included in the Unencumbered Property Pool.
Exclusion Event. There occurs an Exclusion Event in a jurisdiction representing more than 10% of any Loan Party’s or any Material Subsidiary’s revenue in the immediately preceding calendar year, which loss shall continue beyond completion of any appeal process diligently pursued by such affected entity in good faith.
Exclusion Event. (a) After the occurrence of an Exclusion Event, Required Lenders shall have the right in their sole discretion at any time and from time to time to notify Borrower that, effective ten (10) Business Days after the giving of such notice (the “Exclusion Notice”) and for so long as the circumstances giving rise to such Exclusion Event exist, such Property shall no longer be included in the Borrowing Base.
(b) Borrowing Base Properties which have been subject to an Exclusion Event may, at Borrower’s request, be released from the Borrowing Base; provided that such release shall be subject to the conditions for release set forth in Section 5.06.
(c) If Administrative Agent delivers an Exclusion Notice and such Exclusion Event no longer exists, then Borrower may give Administrative Agent written notice thereof (together with reasonably detailed evidence of the cure of such condition) and such Borrowing Base Property shall, effective with the delivery by Borrower of the next Borrowing Base Report, be considered a Borrowing Base Property for purposes of calculating the Borrowing Base as long as such Borrowing Base Property meets all the requirements to be included in the Borrowing Base set forth in this Article V.
Exclusion Event. On or prior to the Conversion Date, there shall occur an Exclusion Event that could reasonably be expected to result in a Material Adverse Effect.
Exclusion Event. The Fund Borrowers will promptly notify Administrative Agent in writing after becoming aware of: (i) the State Teachers retirement System of Ohio requesting or planning to request a Funding Excuse or being entitled to elect to exercise any withdrawal or redemption right, an (ii) any Exclusion Event.
