Material Adverse Fund Event Sample Clauses

Material Adverse Fund Event. A Material Adverse Fund Event shall occur;
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Material Adverse Fund Event a Material Adverse Fund Event shall have occurred; then, and in every such event (other than an event with respect to the Borrower described in Clause 15.11 or Clause 15.12), and at any time thereafter during the continuance of such event, the Lender may by notice to the Borrower declare the Loan to be due and repayable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the Aggregate Principal Amount, together with all interest and other obligations of the Borrower to the Lender accrued (but unpaid) hereunder, shall become due and repayable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower, and shall be entitled to terminate this Agreement, and the Borrower shall have two (2) Business Days from the date of such notice to make payment in full of such amount; and in case of any event with respect to the Borrower described in Clause 15.11 or Clause 15.12 (if any), the Aggregate Principal Amount, together with all interest and other obligations of the Borrower to the Lender accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. If within 2 Business Days of receipt of such notice, or the occurrence of any event with respect to the Borrower described in Clause 15.11 or Clause 15.12, as the case may be, the Borrower has not discharged its payment obligations towards DB, DB may redeem or dispose of all or any of the Collateral in exercise of its rights as a Secured Party under any Security Document.
Sample 1

Related to Material Adverse Fund Event

  • Material Adverse Change A Material Adverse Change occurs;

  • Material Adverse Effect The occurrence of any event or condition that has had, or could reasonably be expected to have, a Material Adverse Effect.

  • Company Material Adverse Effect Since the date of this Agreement, there shall not have been any Company Material Adverse Effect or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.

  • Parent Material Adverse Effect Since the date of this Agreement, there shall not have been any Parent Material Adverse Effect or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect.

  • Material Adverse Changes Except as disclosed in the Prospectus and the Time of Sale Information, (a) in the judgment of the Agent there shall not have occurred any Material Adverse Change; and (b) there shall not have occurred any downgrading, nor shall any notice have been given of any intended or potential downgrading or of any review for a possible change that does not indicate the direction of the possible change, in the rating accorded any securities of the Company or any of its subsidiaries by any “nationally recognized statistical rating organization” as such term is defined for purposes of Section 3(a)(62) of the Exchange Act.

  • No Company Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Company Material Adverse Effect.

  • No Parent Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Parent Material Adverse Effect.

  • Notice of Material Adverse Change Firm agrees to notify Citizens in writing of any “Material Adverse Change” to Firm within ten (10) days of said change. A “Material Adverse Change” means: (i) a change in the business operations or financial condition of Firm which negatively impacts its capacity to meet its professional or financial obligations;

  • Notice of Material Adverse Effect The Company shall notify the Buyer (and any subsequent holder of the Debentures), as soon as practicable and in no event later than three (3) business days of the Company’s knowledge of any Material Adverse Effect on the Company. For purposes of the foregoing, “knowledge” means the earlier of the Company’s actual knowledge or the Company’s constructive knowledge upon due inquiry.

  • Litigation; Adverse Effects (a) To the best of Borrower’s knowledge, there is no Proceeding, pending or threatened, against Borrower or any property of Borrower (including the Property), which, if adversely determined, would result in a Material Adverse Effect. (b) Except as disclosed on Schedule 5.11 hereto, Borrower is not (i) in violation of any applicable law, which violation has a Material Adverse Effect, or (ii) subject to or in default with respect to any Court Order which has a Material Adverse Effect.

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