Financial Markets. As of the Closing Date, there shall not have ----------------- occurred any disruptive or adverse change in the financial or capital markets generally which the Administrative Agent in their sole reasonable discretion, deems material in connection with the syndication of the Loans; (l)
Financial Markets. The Agent shall not have determined that there has been a material adverse change in the financial markets relevant for the financing of the Credit Loans to be disbursed on such Borrowing Date, and it shall not be unlawful or impractical for each Lender to make Dollar-denominated loans or to purchase the Dollar-denominated obligations necessary for such Lender to make or maintain Credit Loans.
Financial Markets. The carrying out of a study to make the financial market operational.
Financial Markets. In the Merton model there exist two assets in the financial market, a risky asset (stock) denoted by St and a risk free asset (bond) denoted by Bt. This implies that an investor can allocate his or her saving amounts (pension contributions) to these assets respectively. The price dynamics for St and Bt are given as follows: dSt = µStdt + σStdZt (1) dBt = rBtdt (2)
Financial Markets. As of the Closing Date, no disruption or adverse change in the financial, banking, loan syndication or capital markets generally or in the market for loans to or debt securities issued by companies in Mexico or The Netherlands shall have occurred since August 8, 2003, which disruption or adverse change is deemed material, in the judgment of the Administrative Agent or the Required Lenders, in connection with the syndication of the Loans.
Financial Markets. As of the Closing Date, there shall have not have occurred an aggregate decline of five percent (5 %) or more in the Nasdaq composite index from the level of such index at the close of business on the date of this Agreement.
Financial Markets. There shall not have been any material and adverse change in the conditions of the financial and capital markets generally; trading in securities generally on the New York or American Stock Exchanges shall not have been suspended or materially limited; a general banking moratorium shall have not been declared by federal or state authorities and a moratorium in foreign exchange trading by major international banks or persons shall not have been declared.
Financial Markets. There shall not have occurred any disruption or adverse change in the financial or capital markets generally which could reasonably be expected to have a Material Adverse Effect on Lender's ability to assign this Agreement.
Financial Markets. There shall be no material adverse change or material disruption in the financial, banking or capital markets, which in the reasonable judgment of the Agent, the Lenders and the Arrangers would have a material adverse effect on the syndication of the Loans.
Financial Markets. Since the date of execution of this Agreement, the United States financial markets, including, but not limited to, the Principal Trading Market, have not been closed and trading has not been suspended other than in the ordinary course of business for such financial markets.
