Relevant Adverse Effect definition

Relevant Adverse Effect means an effect that results in or causes, or has a reasonable likelihood of resulting in or causing, an adverse impact in the business, assets, results of operations (before tax effect) or financial condition of such Person and its subsidiaries, taken as
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Relevant Adverse Effect means any event or situation that causes any relevant adverse effect in the situation (financial or of another nature), in the businesses, in the assets, in the operational results and/or in the perspectives of Issuer that impacts, adversely and relevantly, the capacity of Issuer to comply with any of its obligations under the terms of this Deed of Issue; and
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Relevant Adverse Effect means the occurrence of any of the following substantial adverse changes, with respect to the business, assets or operating results of the Company and its Subsidiaries, compared to the situation on the date of execution of this Agreement: (i) the application for self-bankruptcy, judicial or extrajudicial recovery, liquidation or dissolution, (ii) adjudication of bankruptcy, (iii) the prohibition or impediment to operate or develop its activities in the Ordinary Course; (iv) law enforcement, that prevents the performance of the main Corporate activities and businesses, as they are currently carried out or (v) receipt of one or more Notices from customers requiring termination of contracts, payment of fines and/or any type of financial redress involving a Loss or loss of future revenue (during the fiscal year in question) in individual or aggregate value equal to or greater than twenty million Reais (BRL 20,000,000.00). For the purposes of this Agreement, the following events shall not be deemed as Relevant Adverse Effect: (A) changes to applicable law or Brazilian GAAP (including government orders to suspend all or part of activities); (B) change in global or local economic or political conditions, or in financial market or capital market conditions, whether in Brazil or abroad; (C) the onset or continuation of a natural disaster, war, political unrest, acts of terrorism (or similar situations), pandemics (including the COVID-19 Pandemic) or any other calamity; or (D) the disclosure of this Agreement, the performance of any act provided herein or necessary for its fulfillment Indebtedness means, in relation to the Company and its Subsidiaries, in a consolidated manner, without duplication: (i) all long- and short-term financial debts, overdue or outstanding; (ii) all other obligations to pay that do not come from financial contracts and that are overdue and unpaid; (iii) all debts reagreed, including installments of Taxes agreed under programs promoted by government authority; (iv) any dividends, interest on shareholders’ equity, other cash benefits and/or any other form of distribution of profits, in cash or in kind declared and unpaid, and which are not accounted for in current liabilities; (v) all amounts due as a result of final and unappealable judgments; (vi) all values arising from anticipation of receivables and early revenues; (vii) all amounts due relating to acquisitions made by the Company, including earn-outs or any type of obligation undertake...
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Examples of Relevant Adverse Effect in a sentence

  • There are no relevant facts or circumstances related to the business or to the activities of AZUL Holding and/or its Controlled Companies which could cause a Relevant Adverse Effect (a) which are not reflected in the Financial Statements or (b) which have not been disclosed in the Exhibits hereto.

  • Except as provided for in Exhibit 7.3.8(b), there are no Disputes against AZUL Holding and/or its Affiliates affecting its business, operations, financial situation or assets, with any court or administrative body, and which involve amounts claimed over R$100,000.00 (one hundred thousand Brazilian Reais) or that may cause a Relevant Adverse Effect.

  • There are no relevant facts or circumstances concerning the business or activities of TRIP and/or its Controlled Companies which could cause a Relevant Adverse Effect (a) which are not provided for in the Financial Statements, or (b) which have not been informed in the Exhibits to this Agreement.

  • It is in compliance with all of the applicable Legal Requirements, except those which's noncompliance does not cause a Relevant Adverse Effect in the Borrower or which's application is being appealed in good faith and by the appropriate corresponding procedures.

  • If a moratorium is declared in connection with any Borrower's Debt which non-fulfillment causes a Relevant Adverse Effect which may result in the incompliance of the payment obligations by Borrower in accordance with this Agreement.


More Definitions of Relevant Adverse Effect

Relevant Adverse Effect means any circumstance, event or condition that adversely and significantly affects (a) the business, conditions (financial or any other kind), transactions, performance or principal properties of the Borrower in a consolidated manner, (b) the validity, legality, related nature or enforceability of this Agreement or the Promissory Notes, or the rights and resources of the parties according to such documents, or (c) the ability of the Borrower or the Guarantors to comply with its obligations pursuant this Agreement, the Promissory Notes or any other Credit Document.
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Relevant Adverse Effect means any event or situation that causes (i) any relevant adverse effect to the situation (economic, financial, legal or otherwise), in the business, reputation and/or operating results of the Company and/or any of its Subsidiaries; or (ii) any relevant adverse effect in the capacity of the Company to perform any of its obligations under the terms of this Indenture and/or Guarantee.
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Relevant Adverse Effect means any event, fact or circumstance that occurred between June 30, 2010 and the Closing, which was not disclosed by the Sellers prior to the date hereof that: (i) individually or collectively result (or might result) in Damages, liabilities, costs or expenses to the Target Company in an amount exceeding fifty thousand Reais (R$50.000,00); or (ii) results in an annual loss in net earnings of the Target Company of more than 3% (three percent) of the Target Company’s net earnings from the Closing Date; (iii) any other event, change or occurrence of any nature which, individually or collectively, adversely affects (or may affect) the condition (financial or otherwise), business, assets, results of operations or prospects of the Target Company;
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Relevant Adverse Effect means any event or situation that causes (i) any material adverse effect on the (financial or otherwise) situation, business, reputation and/or operating results of the Company and/or any of its Subsidiaries; or (ii) any adverse effect on the Company’s ability to perform any of its obligations under this Deed of Issue and/or the Collateral Guarantee.
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Relevant Adverse Effect means any event, fact or circumstance that occurred between August 14, 2014 and the Closing Date, which was not disclosed by the Sellers prior to the date hereof that: (i) individually or collectively result in Damages, liabilities, costs or expenses to the Target Company in an amount exceeding five million Reais (R$5,000,000.00); or (ii) results in an annual loss in net earnings of the Target Company of more than 3% (three percent) of the Target Company’s total gross revenues from the Closing Date.
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Relevant Adverse Effect means a relevant adverse effect on:
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Relevant Adverse Effect means any act, fact, event, omission, effect or others that give rise, with respect to the applicable Person, to any cost, expense, disbursement, liability, contingency, demand, provision, impact, reduction (of value, equity, revenue or other), default or others in individual or aggregated value in a series of similar events, equal or higher than five million reais (R$ 5,000,000.00).
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