Common use of No Change; Solvent Clause in Contracts

No Change; Solvent. (a) Except for changes (x) contemplated or permitted by the Merger Agreement or (y) resulting from the announcement of the Merger Agreement or the transactions contemplated thereby or hereby, from March 18, 2007 through the Closing Date, there has not been any event, change, circumstance or development (including any damage, destruction or loss whether or not covered by insurance) which, individually or in the aggregate, has had, or would reasonably be expected to have, a Material Adverse Change (as defined in the Merger Agreement) on ServiceMaster. As of the Closing Date, after giving effect to the consummation of the Transactions occurring on the Closing Date, the Borrower is Solvent. (b) Since the Closing Date, 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.

Appears in 3 contracts

Samples: Credit Agreement (Servicemaster Co), Credit Agreement (Servicemaster Co), Credit Agreement (Servicemaster Co)

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No Change; Solvent. (a) Except for changes (x) contemplated or permitted by the Merger Agreement or (y) resulting from the announcement of the Merger Agreement or the transactions contemplated thereby or hereby, from March 18, 2007 through the Closing Date, there has not been any event, change, circumstance or development (including any damage, destruction or loss whether or not covered by insurance) which, individually or in the aggregate, has had, or would reasonably be expected to have, a Material Adverse Change (as defined in the Merger Agreement) on ServiceMaster. As of the Closing Date, after giving effect to the consummation of the Transactions occurring on the Closing Date, the Parent Borrower is Solvent. (b) Since the Closing Date, 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.

Appears in 1 contract

Samples: Revolving Credit Agreement (Servicemaster Co)

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