Significant Adverse Change definition

Significant Adverse Change is understood to be any fact, circumstance or event which significantly affects or may affect the situation (financial or otherwise), activity, assets, liabilities (contingent or otherwise), cash flow, operating earnings, capital stock, economic, commercial, legal and/or financial situation or projections of the Company.
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Significant Adverse Change means a circumstance or event of any nature that (i) adversely and materially affects the operation, financial or legal condition, operations, results or business of the Project, of the Borrower in relation to the Project, of the Solidarity Obligors, of Murano PV and/or of ▇▇. ▇▇▇▇▇ ▇▇▇▇▇ Cababie and, consequently, the capacity of any of said parties to comply with their respective obligations in terms of this Agreement, or (ii) has an impact on the assets of the Credited in relation to the Project or in the assets of the Solidarity Obligors for an amount equivalent to at least 10% (ten percent) of the Credit.
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Significant Adverse Change means a change, event or circumstance which or up to 3 separate changes, events and circumstances which, in aggregate: (i) cause or would be reasonably likely to cause production volumes of graphic paper in respect of the Biberist Mill, ▇▇▇▇▇▇ Mill, Kirkniemi Mill, and Stockstadt Mill to cease or be reduced by 200,000 tonnes (in aggregate) over a period of 12 months from the date of such change, event or circumstance; or (ii) lead or would be reasonably likely to lead to a liability in respect of the Graphic Paper Business as a whole, which would have to be settled in cash, having a net present value in excess of €110,000,000 from the date of such change, event or circumstance;
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Examples of Significant Adverse Change in a sentence

  • Maintain and conduct its accounting records to truthfully reflect its financial position and the results of its operations, in accordance with the NIFs, except for those non-compliances or violations that do not result in a Significant Adverse Change, and have the annual accounts audited by a firm of independent public accountants of recognized prestige.

  • Except as stated in the document attached to this Agreement as Annex D, it is not aware of any threat regarding any legal or administrative action or proceeding or any other legal nature against it or any of its properties, before any court, governmental entity, or arbitrator that may result or could have as a consequence a Significant Adverse Change, or that may affect the legality, validity, or enforceability of this Agreement and/or any of the Credit Documents and/or the Guarantee Documents.

  • Respective provision, in the absence of a fortuitous event or force majeure, a Cause of Early Maturity or a Significant Adverse Change that requires the analysis and prior authorization of Sabcapital's risk area, as well as the authorization of its internal corporate bodies.

  • Within 5 (five) Business Days following the summons or notification of any action, demand or procedure in which the Borrower and/or the Joint Obligors are parties and that may result in a Significant Adverse Change, a document signed by an attorney-in-fact.

  • The Parties agree and acknowledge that the Agent (by means of an instruction to the trustee of the Security Trust), will be entitled to remove the Operator and replace it in the event of a breach by the Operator of its obligations set forth in the Operating Agreement causing a Significant Adverse Change and/or a Cause for Acceleration under the terms of this Agreement.


More Definitions of Significant Adverse Change

Significant Adverse Change. Refers to any change that has a significant adverse impact on the financial status, business or property,operating results, business prospects or assets of each target company as a whole;
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