Common use of No Adverse Material Change Clause in Contracts

No Adverse Material Change. (i) Since June 30, 1997, there shall not have occurred (x) any material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower or any Guarantor, (y) no material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no event, condition or state of facts which could have a Material Adverse Effect and (ii) no representations made or information supplied to Agent or any Lender shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Accounts Receivable Management and Security Agreement (TMP Worldwide Inc)

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No Adverse Material Change. (i) Since June 30January 31, 1997, there shall not have occurred (x) any material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower or any GuarantorBorrower, (y) no any material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no any event, condition or state of facts which could reasonably be expected to have a Material Adverse Effect on any Borrower and (ii) no representations made or information supplied to Agent or any Lender shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Security Agreement (PDS Financial Corp)

No Adverse Material Change. (i) Since June 30December 28, 19971996, there shall not have occurred (x) any material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower or any GuarantorBorrower, (y) no material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no event, condition or state of facts which could have a Material Adverse Effect and (ii) no representations made or information supplied to Agent or any Lender shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Security Agreement (Danskin Inc)

No Adverse Material Change. (i) Since June 30December 31, 19971998, there shall not have occurred (x) any material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower or any GuarantorBorrowers, (y) no any material damage or destruction to any of the Collateral nor or any material depreciation in the value thereof and (z) no any event, condition or state of facts which could have a Material Adverse Effect would reasonably be expected materially and adversely to affect the business, financial condition or results of operations of Borrowers and (ii) no representations made or information supplied to Agent or any Lender shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Security Agreement (Spar Group Inc)

No Adverse Material Change. (i) Since June September 30, 19972002, there shall not have occurred (x) any material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower or any GuarantorBorrowers, (y) no any material damage or destruction to any of the Collateral nor or any material depreciation in the value thereof and (z) no any event, condition or state of facts which could have a Material Adverse Effect would reasonably be expected materially and adversely to affect the business, financial condition or results of operations of Borrowers and (ii) no representations made or information supplied to Agent or any Lender shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Credit and Security Agreement (Spar Group Inc)

No Adverse Material Change. (i) Since June 30February 3, 19972001, there shall not have occurred (x) any material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower or any GuarantorBorrower, (y) no any material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no event, condition or state of facts which could reasonably be expected to have a Material Adverse Effect and (ii) no representations made or information supplied to Agent or any Lender shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Cygne Designs Inc)

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No Adverse Material Change. (i) Since June 30December 31, 1997, there shall not have occurred (x) any no material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower or any Guarantor, (y) no material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no event, condition or state of facts which could have a Material Adverse Effect would reasonably be expected materially and adversely to affect the business, financial condition or results of operations of Borrower or Guarantor and (ii) no representations made or information supplied to Agent or any Lender shall have been proven to be inaccurate or misleading in any material respect;.

Appears in 1 contract

Samples: Credit and Security Agreement (Cold Metal Products Inc)

No Adverse Material Change. (i) Since June 30since January 31, 19971998, there shall not have occurred (x) any no material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower or any GuarantorBorrower, (y) no material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no event, condition or state of facts which could reasonably be expected to have a Material Adverse Effect on Borrower and (ii) no representations made or information supplied to Agent or any Lender the Lenders shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Security Agreement (Candies Inc)

No Adverse Material Change. (i) Since June 30November 21, 1997, -------------------------- there shall not have occurred (x) any material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower or any GuarantorBorrower, (y) no any material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no any event, condition or state of facts which could have a Material Adverse Effect would reasonably be expected materially and adversely to affect the business, financial condition or results of operations of Borrower and (ii) no representations made or information supplied to Agent or any Lender shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Credit and Security Agreement (World Wrestling Federation Entertainment Inc)

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