Common use of No Material Adverse Change, etc Clause in Contracts

No Material Adverse Change, etc. (a) Since December 31, 2013, there has been no material adverse change in its condition (financial or otherwise), operations, assets, business, properties or prospects, taken as a whole. (b) No Loan Party nor any Subsidiary of any Loan Party has been involved in any bankruptcy or similar proceeding, and has never entered into an agreement or received the benefit of any settlement or compromise of Indebtedness.

Appears in 2 contracts

Samples: Amendment Agreement (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.)

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No Material Adverse Change, etc. (a) Since December 31, 2013the date of organization of each Borrower and each other Loan Party, there has been no material adverse change in its condition (financial or otherwise), operations, assets, business, properties or prospects, taken as a whole. (b) No Loan Party nor Borrower or any Subsidiary of any other Loan Party has been involved in any bankruptcy or similar proceeding, and has never entered into an agreement or received the benefit of any settlement or compromise of Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Wells Timberland REIT, Inc.)

No Material Adverse Change, etc. (a) Since December 31, 20132012, there has been no material adverse change in its condition (financial or otherwise), operations, assets, business, properties or prospects, taken as a whole. (b) No Loan Party Neither of the Borrowers nor any Subsidiary of any other Loan Party has been involved in any bankruptcy or similar proceeding, and has never entered into an agreement or received the benefit of any settlement or compromise of Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (CatchMark Timber Trust, Inc.)

No Material Adverse Change, etc. (a) Since December 31September 30, 20132009, there has been no material adverse change in its condition (financial or otherwise), operations, assets, business, properties or prospects, taken as a whole. (b) No Loan Party Neither of the Borrowers nor any Subsidiary of any other Loan Party has been involved in any bankruptcy or similar proceeding, and has never entered into an agreement or received the benefit of any settlement or compromise of Indebtedness.

Appears in 1 contract

Samples: Credit Agreement (Wells Timberland REIT, Inc.)

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No Material Adverse Change, etc. (a) Since December 31, 20132012, there has been no material adverse change in its condition (financial or otherwise), operations, assets, business, properties or prospects, taken as a whole. (b) No Loan Party nor any Subsidiary of any Loan Party has been involved in any bankruptcy or similar proceeding, and has never entered into an agreement or received the benefit of any settlement or compromise of Indebtedness.

Appears in 1 contract

Samples: Joinder and Amendment Agreement (CatchMark Timber Trust, Inc.)

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