Common use of Material Adverse Change Clause in Contracts

Material Adverse Change. Since September 30, 2011, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30October 1, 2011, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112006, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole together, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 2011, 2019 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30October 2, 20112010, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could would reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 2011, 1998 there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 20112001, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Significant Subsidiaries taken as a whole which could reasonably be expected to would have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112007, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2010 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 20112002, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) ), prospects or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2011 there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2006 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30March 31, 20112001, there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112013, there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2011 there has been no change from that reflected in the Financial Statements, in the business, Collateral Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole Loan Parties or other event which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112012, there has been no change from that reflected in the Financial Statements, in the business, Collateral Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole Loan Parties or other event which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole together, which could would reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 2011, there There has been no change from that reflected in the Financial Statements, in the business, Propertyproperty, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole or any Approved Subdivision which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 20111996, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 20112019, there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower Borrowers and its Subsidiaries their Subsidiaries, taken as a whole whole, which could would reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112007, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112009, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30August 31, 2011, 1999 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30March 31, 20112007, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole Loan Parties which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 2011, 2003 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112014, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112010, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole together, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 20112005, there has been no material adverse change from that reflected in the Financial Statements, in the business, Propertyassets, results of operations or condition (financial or otherwiseother) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole which could reasonably be expected to have a Material Adverse Effectwhole.

Material Adverse Change. Since September 30December 2, 2011, 2006 there has been no change from that reflected in the Financial Statements, in the business, Property, Property or condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 20112014, there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower Borrowers and its Subsidiaries their Subsidiaries, taken as a whole whole, which could would reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 20112006, there has been no material adverse change from that reflected in the Financial Statements, in the business, Propertyassets, results of operations or condition (financial or otherwiseother) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole which could reasonably be expected to have a Material Adverse Effectwhole.

Material Adverse Change. Since September 30December 31, 20112009, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2005 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112006, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 3, 2011, 2011 there has been no change from that reflected in the Financial Statements, in the business, Property, Property or condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which Subsidiaries, either individually or in the aggregate, that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2009 there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 20112010, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or ), results of operations or prospects of the Borrower Borrowers and its Subsidiaries their Subsidiaries, taken as a whole which whole, that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September November 30, 2011, 2002 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 201120142018, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30January 1, 20112011December 28, 2013 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 25, 2011, 2005 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) ), operations, performance or results prospects of operations of the Borrower, or the Borrower and its Subsidiaries taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 2011, 2002 there has been no change from that reflected in the Financial Statements, in the business, Propertyproperty, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112012, there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30October 1, 2011, there no Material Adverse Change has been no change from that reflected in the Financial Statements, occurred in the business, Propertyproperties, operations or condition (financial or otherwise) or results of operations of the Borrower and or any of its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse EffectSubsidiaries.

Material Adverse Change. Since September 30December 31, 2011, 2013 there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 20112000, there has been no change from that reflected in the Financial Statements, in the business, Property, business prospects, condition (financial or otherwise) or results of operations of the Borrower and its Borrower, the Operating Partnership or their Subsidiaries taken as a whole which could is reasonably be expected likely to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 2011, 2000 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) operations, performance or results prospects of operations of any Borrower, or the Borrower Company and its Subsidiaries taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112007, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower Borrowers and its their Significant Subsidiaries taken as a whole which could reasonably be expected to would have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2010 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) ), prospects or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 20112000, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the any Borrower and its Subsidiaries taken as a whole or any Subsidiary which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112012, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 2011, 2012 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 20112010, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2006 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 20112013 there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2008 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112013, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower Borrowers and its their Significant Subsidiaries taken as a whole which could reasonably be expected to would have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 2011, 1998 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 3, 2011, 2012 there has been no change from that reflected in the Financial Statements, in the business, Property, Property or condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which Subsidiaries, either individually or in the aggregate, that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 25, 2011, 2011 there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could would reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 2011, 2015 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30March 31, 20112002, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2010 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2013 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30January 1, 2011, 2011 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30April 28, 20112007, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) ), operations or results of operations operations, performance or prospects of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2009 there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112008, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower, any Guarantor, or the Borrower and its Subsidiaries taken as a whole together, in each case which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September April 30, 2011, 2016 there has been no change from that reflected in the Financial Statements, in the business, Property, {02418409.4} prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 2011, 2007 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower Borrowers and its their Significant Subsidiaries taken as a whole which could reasonably be expected to would have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 20112014, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30October 31, 20112002, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwiseothe rwise) or results of operations of the Borrower Borrowers and its their Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.. 5.6

Material Adverse Change. Since September 30, 20112003, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 20112010, there has not been no any material adverse change from that reflected in the Financial Statements, in the business, Propertyproperties, operations or financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as or any Subsidiary. The Borrower does not know of any fact (other than matters of a whole general economic or political nature) which could reasonably be expected to would have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 2013 there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30March 31, 20112012, there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower Borrowers and its Subsidiaries their Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30July 27, 20112002, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 301, 2011, 2002 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 3029, 2011, 2002 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 2011, 1999 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30, 2011, 2001 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 201120142018, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.. 12640621v 24740.0002 44

Material Adverse Change. Since September 30December 31, 20112009, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30October 31, 20112001, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 20112012, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 28, 2011, 2013 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 2011, 2002 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30August 31, 2011, 2003 there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, 20132017 there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112007, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of (i) the Guarantor and its Subsidiaries or (ii) the Borrower and its Subsidiaries taken as a whole which Subsidiaries, which, in either case, could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Restricted Subsidiaries, taken as a whole together, which could would reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 2011, there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 20112019, there has been no change from that reflected in the Financial Statements, in the business, Property, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30March 1, 20112000, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30May 20, 20112016, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September June 30, 20112014, there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole which whole, that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30July 31, 20112001, there has been no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112010, there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower Borrower, its Subsidiaries, or Xxxxxxxx and its Subsidiaries taken as a whole which that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since September 30December 31, 20112010, there has been no change from that reflected in the Financial Statements, in the business, Property, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.