Material Adverse Change in Financial Condition Sample Clauses

Material Adverse Change in Financial Condition. Developer, each entity having a ten percent equity interest in or beneficial ownership of Developer, and each Guarantor issuing a Guaranty at the inception of this Agreement or thereafter, shall be referred to as a "Financially Responsible Entity". In instances where a material adverse change in a Financially Responsible Entity’s financial condition in any accounting period for which the entity is required to report financial statements after submission of the Proposal has occurred, Developer shall provide from the affected Financially Responsible Entity a statement describing each material adverse change in detail, the likelihood that the developments will continue during the period of performance by Developer under this Agreement, and a projection of the full extent of the changes which are likely to be experienced and the related impact in the periods ahead.
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Material Adverse Change in Financial Condition. The Contracting Party agrees to notify file a notice with Exchange in respect of any material adverse change in the financial condition of the Contracting Party or the Credit Support Provider, and or of any material change to any of the information provided to Exchange in the Application or pursuant to any inquiry by Exchange.
Sample 1Sample 2
Material Adverse Change in Financial Condition. In the good faith judgment of the Agent and the Lenders, there shall have not have occurred or become known to the Agent or any of the Lenders any event, condition, situation or status (including, without limitation, any change in the corporate or other organizational structure and capitalization of Parent Borrower or any of its Subsidiaries) since December 31, 2001 that has had, or could reasonably be expected to result in, (a) a Material Adverse Effect; or (b) a material adverse effect on the business or financial prospects of Parent Borrower and its Subsidiaries, taken as a whole.
Sample 1
Material Adverse Change in Financial Condition. There has been no Material Adverse Change in the financial condition of Borrower, Guarantor or their respective subsidiaries since the date of the most recent financial statements delivered to Lender. 52 6284.98.1108841.12 
Sample 1

Related to Material Adverse Change in Financial Condition

  • Financial Condition; No Material Adverse Change (a) The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholders equity and cash flows (i) as of and for the fiscal year ended December 31, 2013 reported on by Ernst & Young, independent public accountants, and (ii) as of and for the fiscal quarter and the portion of the fiscal year ended June 30, 2014, certified by its chief financial officer. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Borrower and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above.

  • Material Adverse Change A Material Adverse Change occurs;

  • No Material Adverse Change or Ratings Agency Change For the period from and after the date of this Agreement and prior to the Closing Date:

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