Common use of No Material Adverse Change in Subsidiary Borrowers Clause in Contracts

No Material Adverse Change in Subsidiary Borrowers. If such Loan is made to a Subsidiary Borrower, no event which has or could reasonably expected to have a material adverse effect on the ability of such Subsidiary Borrower to perform its obligations under this Agreement shall have occurred.

Appears in 3 contracts

Samples: Credit Agreement (Arrow Electronics Inc), Credit Agreement (Arrow Electronics Inc), Credit Agreement (Arrow Electronics Inc)

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No Material Adverse Change in Subsidiary Borrowers. If such Loan Extension of Credit is made to or for a Subsidiary Borrower, no event which has or could reasonably expected to have a material adverse effect on the ability of such Subsidiary Borrower to perform its obligations under this Agreement shall have occurred.

Appears in 3 contracts

Samples: Credit Agreement (Arrow Electronics Inc), Arrow Electronics Inc, Arrow Electronics Inc

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