Material Adverse Effect on the Borrower definition

Material Adverse Effect on the Borrower means any material adverse effect on the financial condition, operations, business or prospects of the Borrower or the ability of the Borrower to perform its obligations under this Agreement or any of the other Borrower Instruments.
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Material Adverse Effect on the Borrower means any material adverse effect on the financial condition, operations, business or prospects of any of the Borrower, Li-Cycle Holdings Corp., a corporation organized and existing under the laws of Ontario, Canada, until the Sponsor Termination Date (as defined in the Loan Arrangement and Reimbursement Agreement), or any affiliated guarantor of the Borrower or the ability of the Borrower to perform its obligations under this Agreement or any of the other Borrower Instruments.
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Material Adverse Effect on the Borrower means any material adverse effect on the financial condition, operations or business of the Borrower or the ability of the Borrower to perform its obligations under this Agreement or any of the other Borrower Instruments. "Note" shall mean each future advance promissory note payable to FFB, in the form of notes that are attached as Exhibit C to this Agreement, as such Notes may be amended, supplemented, and restated from time to time in accordance with its terms. "Note Identifier" shall mean, with respect to the Note, the particular sequence of letters and numbers assigned by FFB to the Note in the Principal Instruments acceptance notice relating to the Note delivered by FFB in accordance with section 5.1 of this Agreement. "Opinion of ▇▇▇▇▇▇▇▇'s Counsel re: Borrower Instruments" shall mean an opinion of counsel from counsel to the Borrower, substantially in the form of opinion that is attached as Exhibit D to this Agreement. "Opinion of Secretary's Counsel re: Secretary's Guarantees" shall mean an opinion of counsel from counsel to the Secretary, substantially in the form of opinion that is attached as Exhibit E to this Agreement.
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Examples of Material Adverse Effect on the Borrower in a sentence

  • The Borrower knows of no dispute regarding any contract, lease, or commitment which could have a Material Adverse Effect on the Borrower.

  • No judgments are outstanding against the Borrower nor is there now pending or, to the best of the Borrower's knowledge after diligent inquiry, threatened any litigation, contested claim, or governmental proceeding by or against the Borrower except judgments and pending or threatened litigation, contested claims, and governmental proceedings which would not, in the aggregate, have a Material Adverse Effect on the Borrower.

  • No event, change or condition has occurred that has had, or could reasonably be expected to have, a Material Adverse Effect on the Borrower since the Closing Date.

  • The occurrence of any development, condition or event which has a Material Adverse Effect on the Borrower.

  • Since the date of the most recent financial statement submitted by the Borrower to the Bank, there has been no change in the financial condition or in the assets or liabilities of the Borrower having a Material Adverse Effect on the Borrower.

  • No claim has been made in writing by any Governmental Entity in a jurisdiction where the Company or any of its subsidiaries does not file Tax Returns that the Company or such subsidiary is or may be subject to taxation by that jurisdiction.

  • Since December 31, 2009, there shall not have occurred, nor otherwise exist, an event or condition which has a Material Adverse Effect on the Borrower.

  • The commencement of any legal or enforcement proceedings against the Borrower which could have in the opinion of the Lender a Material Adverse Effect on the Borrower.

  • Promptly upon knowledge thereof, notice of the Borrower’s violation of any law, rule or regulation, the non-compliance with which could have a Material Adverse Effect on the Borrower.

  • Borrower shall comply with all statutes and governmental rules and regulations applicable to it, except where the failure to comply with this Section 5.7, individually or in the aggregate, does not have a Material Adverse Effect on the Borrower.