Materially Adverse Change the occurrence and continuation of one or more of the following events (i) a material adverse change in the financial condition, financial results, business or operations of Borrower or Guarantor which could reasonably be expected to materially adversely affect its ability to perform its obligations under the Basic Documents, or (ii) Borrower or Guarantor, as debtor, shall have commenced or there shall be pending or there shall have been commenced against Borrower or Guarantor and be pending a case, proceeding or other action under applicable bankruptcy or insolvency laws or similar legislation.
Materially Adverse Change the occurrence and continuation of one or more of the following events: (i) a material adverse change in the financial condition, financial results, business or operations of Borrower (as measured against Borrower’s status based on December 31, 2017 year-end audited financial statements) which could reasonably be expected to materially adversely affect its ability to perform its obligations under this Agreement, or (ii) Borrower, as debtor, shall have commenced or there shall be pending or there shall have been commenced against Borrower and be pending a case, proceeding or other action under applicable bankruptcy or insolvency laws or similar legislation.”
Materially Adverse Change means an act, omission, situation, circumstance, event or undertaking which could reasonably be expected to have singly or in combination with one or more other acts, omissions, situations, circumstances, events or undertakings a Material Adverse Effect.
Examples of Materially Adverse Change in a sentence
The balance sheet dated September 30, 1994, and the related statements of income and changes in financial position of the Sublessee and its consolidated subsidiaries for the period then ended, have been prepared in accordance with GAAP and correctly present the Sublessee's financial condition as of such date and results of operations for such period (subject to changes resulting from year-end adjustments), and since September 30, 1994, there has been no Materially Adverse Change.
There being no Materially Adverse Change ( as defined in the Promoter SPA).
As of the date of this Agreement, there has been no Materially Adverse Change.
Lessee is duly qualified to do business as a foreign corporation in good standing in each jurisdiction in which the nature and extent of the business conducted by it, or the ownership of its properties, requires such qualification, except where the failure to be so qualified would not give rise to a Materially Adverse Change to Lessee.
Borrower is a duly organized corporation existing in good standing under the laws of Nevada, has the corporate power and legal authority to own or lease property and to carry on business as a Section 1110 Airline, and is duly qualified to do business in all jurisdictions wherein such qualification is necessary (except in any jurisdictions in which the failure to qualify would result in no Materially Adverse Change).
More Definitions of Materially Adverse Change
Materially Adverse Change with respect to any Person, any event, condition, or circumstance that materially adversely affects such Person’s business or consolidated financial condition, or its ability to observe or perform its obligations, liabilities, and agreements under the Operative Agreements. Moody’s: Xxxxx’x Investors Service, Inc. Mortgage: Trust Indenture and Mortgage N[ ]AT, dated the Closing Date, between Borrower and Mortgagee.
Materially Adverse Change with respect to any Person, any event, condition, or circumstance that materially adversely affects such Person’s business or consolidated financial condition, or its ability to observe or perform its obligations, liabilities, and agreements under the Operative Agreements. Maturity Date: for any Applicable Equipment Note, the Payment Date falling on or about 12 years following the Scheduled Delivery Date for the related Aircraft. Mortgage: in respect of an Aircraft, a Trust Indenture and Mortgage, dated an Applicable Closing Date, between Borrower and WFB (in its individual capacity and as the Applicable Mortgagee) in the form attached to the Loan Agreement as Exhibit A. Mortgagee: Xxxxx Fargo Bank Northwest, National Association, a national banking association, not in its individual capacity but as a mortgagee under a Mortgage. Non-U.S. Person: any Person, other than a U.S. Person. Officer’s Certificate: of any party to the Loan Agreement, a certificate signed by the Chairman, the President, any Vice President (including those with varying ranks such as Executive, Senior, Assistant, or Staff Vice President), the Treasurer, or the Secretary of such party. Operative Agreements: the Loan Agreement, each Mortgage, each Equipment Note, each Consent and Agreement, each Engine Consent and Agreement and each GEES Acknowledgment and Agreement.
Materially Adverse Change the occurrence and continuation of one or more of the following events (i) a material adverse change in the financial condition, financial results, business or operations of Borrower which could reasonably be expected to materially adversely affect its ability to perform its obligations under this Agreement, or (ii) Borrower, as debtor, shall have commenced or there shall be pending or there shall have been commenced against Borrower and be pending a case, proceeding or other action under applicable bankruptcy or insolvency laws or similar legislation.
Materially Adverse Change means any event or circumstance occurs which Everest reasonably believes has or is reasonably likely to have a Material Adverse Effect;
Materially Adverse Change or "Materially Adverse Effect" means, when used in connection with the Company or Parent, as the case may be, any change or effect (or any development that, insofar as can reasonably be foreseen, is likely to result in any change or effect) or fact or condition (or any development that, insofar as can reasonably be foreseen, is likely to result in any fact or condition), except in respect of general economic or financial conditions in the industry of which the Company, or Parent, as the case may be, is a part, that is materially adverse to the business, properties, assets, condition (financial or otherwise) or results of operations of the Company and its Subsidiaries taken as a whole, or Parent and its Subsidiaries taken as a whole, as the case may be.
Materially Adverse Change or "Materially Adverse Effect": any event, act, ------------------------- ------------------------- condition, or occurrence of whatever nature (including any adverse determination in any litigation, arbitration, or governmental investigation or proceeding) that, singly or in conjunction with any other event(s), act(s), condition(s), or occurrences), whether or not related, results in a materially adverse change in, or has a materially adverse effect upon, any of (a) the financial condition, operations, business, properties, or prospects of Borrower and its consolidated subsidiaries, taken as a whole, (b) the rights and remedies of Lender under the Basic Documents, or Borrower's ability to perform its obligations under the Basic Documents, or (c) the legality, validity, or enforceability of any Basic Document, giving due consideration to any insurance coverage available to Borrower for such event, act, condition, or occurrence.
Materially Adverse Change or "Materially Adverse Effect": any event, act, condition, or occurrence of whatever nature (including any adverse determination in any litigation, arbitration, or governmental investigation or proceeding) that, singly or in conjunction with any other event(s), act(s), condition(s), occurrence(s), whether or not related, results in a materially adverse change in, or has a materially adverse effect upon, any of (a) the financial condition, operations, business, properties, or prospects of Borrower, (b) the rights and remedies of Agent or any Lender under the Basic Documents, or Borrower's ability to perform its obligations under the Basic Documents, or (c) the legality, validity, or enforceability of any Basic Document, giving due consideration to any insurance coverage available to Borrower for such event, act, condition, or occurrence.