Phoenix Material Adverse Effect Sample Clauses

Phoenix Material Adverse Effect. (a) For purposes of this Agreement, a "Phoenix Material Adverse Effect" means material adverse tax, regulatory, rating or other effect on PLIC and PHLVIC (taken as a whole) resulting from the issuance of any new business under this Agreement by PLIC or PHLVIC, other than such material adverse effects resulting from a change in general economic or market conditions or matters affecting, life or annuity business generally. If a Phoenix Material Adverse Effect has occurred and is continuing, PLIC and PHLVIC may give written notice of such event to Jefferson National and in such notice, PLIC and PHLVIC may set forth a termination date for the new sales of the GMWB rider in the Phoenix Contract.
Sample 1
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Related to Phoenix Material Adverse Effect

  • Company Material Adverse Effect Since the date of this Agreement, there shall not have been any Company Material Adverse Effect or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.

  • Parent Material Adverse Effect Since the date of this Agreement, there shall not have been any Parent Material Adverse Effect or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect.

  • Material Adverse Effect The occurrence of any event or condition that has had, or could reasonably be expected to have, a Material Adverse Effect.

  • No Company Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Company Material Adverse Effect.

  • No Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Material Adverse Effect.

  • No Parent Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Parent Material Adverse Effect.

  • Notice of Material Adverse Effect The Company shall notify the Buyer (and any subsequent holder of the Debentures), as soon as practicable and in no event later than three (3) business days of the Company’s knowledge of any Material Adverse Effect on the Company. For purposes of the foregoing, “knowledge” means the earlier of the Company’s actual knowledge or the Company’s constructive knowledge upon due inquiry.

  • Absence of Company Material Adverse Effect Since the date of this Agreement, there shall not have been any event, change, effect or development that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect.

  • Material Adverse Change A Material Adverse Change occurs;

  • Absence of Material Adverse Effect Since the date of this Agreement, there shall not have been any event, change or occurrence that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect.

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