Common use of No Adverse Change or Event Clause in Contracts

No Adverse Change or Event. Since June 30, 1998, no change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower or any Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would be reasonably likely to have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower and the Consolidated Subsidiaries taken as a whole, (b) any Loan Document or (c) the Collateral. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30December 31, 19981999, no change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower or any Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would be reasonably likely to might have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower and the Consolidated Subsidiaries taken as a whole, whole or (b) any Loan Document or (c) the CollateralDocument. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30December 31, 19981997, no change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower or any Consolidated Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would could reasonably be reasonably likely expected to have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower and the Consolidated Subsidiaries taken as a whole, whole or (b) any Loan Document or (c) the CollateralDocument. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuingexist.

No Adverse Change or Event. Since June 30December 31, 19981997, no change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower RBMG or any Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would be reasonably likely to havethat has a significant possibility of having, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower and the Consolidated Subsidiaries taken as a wholeRBMG, (b) any Loan Document or (c) the Collateral. Such RBMG acknowledges that such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default (other than an Event of Default specified in Section 6.01(f) of this Agreement) shall have occurred and be continuing.

No Adverse Change or Event. Since June 30December 31, 1998, 1996 no change -------------------------- in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower Company or any Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would could reasonably be reasonably likely expected to have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower Company and the Consolidated Subsidiaries taken as a whole, (b) any Loan Document or (c) the Collateral. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30March 31, 19981999, no change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower or any Subsidiary AEE Entity has occurred, and no event has occurred or failed to occur, that has had or would could reasonably be reasonably likely expected to have, either alone or in conjunction with all such other such changes, events and failures, a Materially Adverse Effect on (a) AES NY, (b) the Borrower and the Consolidated AEE Subsidiaries taken as a whole, (bc) any Loan Document or (cd) the Collateral. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30Except for the matters set forth in the Designated Documents, 1998since December 31, 1997, no change in the business, assets, Liabilitiesliabilities, condition (financial conditionor otherwise), results of operations or business prospects of the Borrower or any Subsidiary Company has occurred, and no event has occurred or failed to occur, that has had or would reasonably be reasonably likely expected to have, either alone or in conjunction with all other such changes, events and failures, a Materially Material Adverse Effect on (a) the Borrower and the Consolidated Subsidiaries taken as a whole, Company or (b) any Loan Document or (c) the CollateralDocument. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no default or Event of Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30December 31, 19981996, no change in the business, assets, Liabilitiesliabilities, condition (financial conditionor otherwise), results of operations or business prospects of the Borrower or any Subsidiary Company has occurred, and no event has occurred or failed to occur, that has had or would reasonably be reasonably likely expected to have, either alone or in conjunction with all other such changes, events and failures, a Materially Material Adverse Effect on (a) the Borrower and the Consolidated Subsidiaries taken as a whole, Company or (b) any Loan Document or (c) the CollateralDocument. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no default or Event of Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30December 31, 19982004, no change in the business, assets, Liabilities, financial condition, results of operations or business prospects financial condition of the Borrower or any Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would could reasonably be reasonably likely expected to have, either alone or in conjunction with all other such changes, events and failures, a Materially Material Adverse Effect on (a) the Borrower and the Consolidated Subsidiaries taken as a whole, (b) any Loan Document or (c) the CollateralEffect. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30December 31, 19981996, no change in the business, assets, Liabilities, condition (financial conditionor otherwise), results of operations or business prospects of the such Borrower or any Significant Subsidiary thereof has occurred, and no event has occurred or failed to occur, that has had or would could reasonably be reasonably likely expected to have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the such Borrower and the Consolidated its Significant Subsidiaries taken as a whole, whole or (b) any Loan Document or (c) the CollateralDocument. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30, 1998, no change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower or any Restricted Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would be reasonably likely to have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower and the Consolidated Restricted Subsidiaries taken as a whole, (b) any Loan Document or (c) the Collateral. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30, 19982000, no change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower or any Restricted Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would be reasonably likely to have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower and the Consolidated Restricted Subsidiaries taken as a whole, (b) any Loan Document or (c) the Collateral. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30December 31, 19981996, no change in the business, assets, Liabilities, financial condition, condition or results of operations or business prospects of the Borrower or any Subsidiary Guarantor has occurred, and no event has occurred or failed to occur, that has had or would could reasonably be reasonably likely expected to have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower and the Consolidated Subsidiaries Guarantors taken as a whole, whole or (b) any Loan Document or (c) the CollateralDocument. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30Except for the Disclosed Matters, 1998since December 31, 1997 no change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower Premiere or any Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would could reasonably be reasonably likely expected to have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower Premiere and the Consolidated Subsidiaries taken as a whole, (b) any Loan Document or (c) the Collateral. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30March 31, 19981997, no change in the business, assets, Liabilitiesliabilities, financial condition, results of operations or business prospects of the such Borrower or any Subsidiary has occurred, and no event has occurred or failed to occur, that which has had or would be reasonably likely to might have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the such Borrower or such Borrower and the Consolidated Subsidiaries its Subsidiaries, taken as a whole, or (b) this Agreement or any other Loan Document or Document. (c) the Collateral. Such In determining whether an adverse change has occurred, it is understood that such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.)

No Adverse Change or Event. Since June 30, 19981996, no change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower or any Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would be reasonably likely to might have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower and the Consolidated Subsidiaries taken as a whole, (b) any Loan Document or (c) the Collateral. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30December 31, 19982002, no change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower or any Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would be reasonably likely to might have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower and the Consolidated Subsidiaries taken as a whole, whole or (b) any Loan Document or (c) the CollateralDocument. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30December 31, 19981995, no change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower RBMG or any Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would be reasonably likely to havethat has a significant possibility of having, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower and the Consolidated Subsidiaries taken as a wholeRBMG, (b) any Loan Document or (c) the Collateral. Such RBMG acknowledges that such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default (other than an Event of Default specified in Section 6.01(f) of any of the Agreement) shall have occurred and be continuing.