Non-Financial Covenants. (a) Pari Passu ranking (b) Material Adverse Change (“MAC”) means in the reasonable opinion of Roquette a material adverse effect on: (i) the business, operations, property, condition (financial or otherwise) or prospects of the Company; (ii) the ability of the Company to perform and comply with its obligations under financial documents; or (iii) the validity, legality or enforceability of financial documents. Including, subject to additional items as may be reasonably requested: 1. copies of published consolidated annual and half-year audited financial accounts of the Company 2. compliance certificate with each set of accounts
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Samples: Joint Venture and Operating Agreement (Solazyme Inc), Joint Venture and Operating Agreement (Solazyme Inc)
Non-Financial Covenants. (a) Pari Passu ranking
(b) Material Adverse Change (“MAC”) means in the reasonable opinion of Roquette a material adverse effect on:
(i) the business, operations, property, condition (financial or otherwise) or prospects of the Company;
(ii) the ability of the Company to perform and comply with its obligations under financial documents; or
(iii) the validity, legality or enforceability of financial documents. Including, subject to additional items as may be reasonably requested:
1. copies of published consolidated annual and half-year audited financial accounts of the Company
2. compliance certificate with each set of accounts
Appears in 1 contract
Samples: Joint Venture and Operating Agreement (Solazyme Inc)
Non-Financial Covenants. (a) Pari Passu ranking
(b) Material Adverse Change (“MAC”) means in the reasonable opinion of Roquette a material adverse effect on:
(i) the business, operations, property, condition (financial or otherwise) or prospects of the Company;
(ii) the ability of the Company to perform and comply with its obligations under financial documents; or
(iii) the validity, legality or enforceability of financial documents. Information Covenants Including, subject to additional items as may be reasonably requested:
1. copies of published consolidated annual and half-year audited financial accounts of the Company
2. compliance certificate with each set of accounts
Appears in 1 contract
