Subprime Exposure Sample Clauses

Subprime Exposure. After giving effect to the write downs described in the press release and related financial supplement referred to in Section 17 below, as of November 30, 2007, the aggregate remaining total U.S. ABS CDO/Subprime Net Exposure of the Company and its subsidiaries was $1.8 billion. As used in this paragraph, “Net Exposure” means the potential loss to the Company in the event of a 100% default, assuming zero recovery, over a period of time. As used in this Article IV, “Material Adverse Effect” means any fact, circumstance, event, change, effect or occurrence that, individually or in the aggregate with all other facts, circumstances, events, changes, effects, or occurrences, has a material adverse effect on (i) the business, assets, liabilities, results of operation or financial condition of the Company and its subsidiaries taken as a whole or (ii) the ability of the Company to consummate the transactions contemplated by this Agreement, other than, in each case, any adverse effect resulting from the announcement of the transactions contemplated by this Agreement.