Common use of Material Adverse Change Clause in Contracts

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders reasonably believe has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders Lender reasonably believe believes has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders reasonably believe has or is reasonably likely to will have a Material Adverse Effect.

Material Adverse Change. Any At any time there occurs an event or circumstance occurs which which, in the reasonable opinion of the Majority Lenders reasonably believe has Lenders, has, or is reasonably likely to have have, a Material Adverse Effect.

Material Adverse Change. Any event or circumstance series of events occurs which which, in the reasonable opinion of the Majority Lenders reasonably believe Lenders, has or is could reasonably likely be expected to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance circumstance, or series of events or circumstances, occurs which the Majority Lenders reasonably believe has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders Lender reasonably believe believes has or is would reasonably likely be expected to have a Material Adverse Effect.

Material Adverse Change. Any Where any event occurs (or circumstance occurs circumstances exist) which the Majority Lenders Lender reasonably believe believes has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which which, in the opinion of the Majority Lenders reasonably believe Lenders, has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which which, in the opinion of the Majority Lenders has had or could reasonably believe has or is reasonably likely be expected to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders reasonably believe has or is reasonably likely to would have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders reasonably believe has or believes is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders reasonably believe has has, or is reasonably likely to have have, a Material Adverse Effect.

Material Adverse Change. Any event or circumstance series of events occurs which in the opinion of the Majority Lenders reasonably believe (acting reasonably) has or is reasonably would be likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance series of events occurs which which, in the determination of the Majority Lenders reasonably believe Lenders, has or is would be reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders Lender reasonably believe determines has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance series of events occurs which which, in the reasonable opinion of the Majority Lenders reasonably believe Lenders, has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance series of events occurs which which, in the reasonable opinion of the Majority Lenders reasonably believe has or Lenders, is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders reasonably believe has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders Lender reasonably believe has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders reasonably believe has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance series of events occurs which which, in the opinion of the Majority Lenders reasonably believe has or Lenders, is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders reasonably believe has or is reasonably likely could be expected to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which series of events occur which, in the opinion of the Majority Lenders reasonably believe Lenders, has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which which, in the reasonable opinion of the Majority Lenders reasonably believe Lenders, has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance series of events occurs which which, in the reasonable opinion of the Majority Lenders reasonably believe CB Holders, has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders reasonably believe has or is could reasonably likely be expected to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance series of events (whether related or not) occurs which which, in the opinion of the Majority Lenders reasonably believe Holders (acting reasonably) has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders believe could reasonably believe has or is reasonably likely be expected to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders reasonably believe has or is reasonably would be likely to have a Material Adverse Effect.

Material Adverse Change. Any event occurs (or circumstance occurs which circumstances exist) which, in the Majority Lenders reasonably believe reasonable opinion of the Lenders, has or is reasonably likely to have have, a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders reasonably believe has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which the Majority Lenders believe would reasonably believe has or is reasonably likely be expected to have a Material Adverse Effect.

Material Adverse Change. Any event (or circumstance any series of events) or circumstances occurs which the Majority Lenders reasonably believe has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any An event or circumstance occurs which the Majority Lenders Lender reasonably believe believes has or is reasonably likely to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance series of events occurs which which, in the opinion of the Majority Lenders reasonably believe Participants, has or is could reasonably likely be expected to have a Material Adverse Effect.

Material Adverse Change. Any event or circumstance occurs which has a Material Adverse Effect or the Majority Lenders reasonably believe has or is reasonably likely to have a Material Adverse Effect.