Common use of Material Adverse Clause in Contracts

Material Adverse. Change At any time there shall occur any event or change which has a Material Adverse Effect in respect of any Security Party and such event or change, if capable of remedy, is not so remedied within 30 days of the delivery of a notice confirming such event or change by the Agent to the relevant Security Party; or

Appears in 4 contracts

Samples: Senior Secured Revolving Credit Facility Agreement, Secured Term Loan Facility Agreement, Senior Secured Revolving Credit Facility Agreement (Teekay Offshore Partners L.P.)

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Material Adverse. Change At any time there shall occur any event or change which has a Material Adverse Effect in respect of any Security Party and such event or change, if capable of remedy, is not so remedied within 30 days of the delivery of a notice confirming such event or change by the Agent to the relevant Security Party; oror 13

Appears in 1 contract

Samples: Secured Revolving Credit Facility Agreement (Teekay Corp)

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