Common use of No Change; Solvent Clause in Contracts

No Change; Solvent. Since December 31, 2017, there has not been any event, change, circumstance or development which, individually or in the aggregate, has had or would reasonably be expected to have, a Material Adverse Effect (after giving effect to the consummation of the Transactions). As of the Effective Date, after giving effect to the consummation of the Transactions, the Borrower and its Restricted Subsidiaries on a Consolidated basis are Solvent.

Appears in 2 contracts

Samples: Credit Agreement (Frontdoor, Inc.), Credit Agreement (Servicemaster Global Holdings Inc)

AutoNDA by SimpleDocs

No Change; Solvent. Since December 31, 20172020, there has not been any event, change, circumstance or development which, individually or in the aggregate, has had or would reasonably be expected to have, a Material Adverse Effect (after giving effect to the consummation of the 2021 Transactions). As of the 2021 Amendment Effective Date, after giving effect to the consummation of the 2021 Transactions, the Borrower and its Restricted Subsidiaries on a Consolidated basis are Solvent.

Appears in 2 contracts

Samples: Credit Agreement (Frontdoor, Inc.), Credit Agreement (Frontdoor, Inc.)

AutoNDA by SimpleDocs

No Change; Solvent. Since December 31, 20172020, there has not been any event, change, circumstance or development which, individually or in the aggregate, has had or would reasonably be expected to have, a Material Adverse Effect (after giving effect to the consummation of the 2021 Transactions). As of the 2021 Amendment Effective Date, after giving effect to the consummation of the 2021 Transactions, the Borrower and its Restricted Subsidiaries on a Consolidated basis are Solvent.. 120 [[5629054]]

Appears in 1 contract

Samples: Credit Agreement (Frontdoor, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!