SPAC Impairment Effect an event, occurrence or circumstance that, individually or in the aggregate, would reasonably be expected to prevent or materially delay or materially impair the ability of Silver Crest to consummate the Merger Transactions.

SPAC Impairment Effect means an Effect that has had, or would reasonably be expected to have, individually or in the aggregate, a material adverse effect on (i) the business or financial condition of SPAC, (ii) the ability of SPAC to consummate the Transactions or (iii) the ability of SPAC to remain listed as a public company on, and for SPAC Class A Shares and SPAC Public Warrants to be listed on, the Nasdaq.

SPAC Impairment Effect or any similar limitation set forth therein) in all respects as of the Closing Date as though then made (except to the extent such representations and warranties expressly relate to an earlier date, and in such case, shall be so true and correct on and as of such earlier date), except, in any case, where the failure of such representations and warranties to be so true and correct has not had a SPAC Impairment Effect.

Examples of SPAC Impairment Effect in a sentence

SPAC is duly licensed or qualified and in good standing (where such concept is applicable) as a foreign entity in each jurisdiction in which the ownership of its property or the character of its activities is such as to require it to be so licensed or qualified, except where failure to be so licensed or qualified would not, individually or in the aggregate, reasonably be expected to have a SPAC Impairment Effect.
There are no, and since SPAC’s incorporation, there have been no, pending or, to the Knowledge of SPAC, threatened Actions by or against SPAC that, if adversely decided or resolved, would reasonably be expected to have a SPAC Impairment Effect.
Since the date of this Agreement, no SPAC Impairment Effect shall have occurred which is continuing and uncured.
Except as set forth on Section 5.17 of the SPAC Disclosure Letter, since the date of SPAC’s incorporation (a) there has not been a SPAC Impairment Effect and (b) except as expressly contemplated by this Agreement, the other Transaction Agreements or in connection with the Transactions, SPAC has carried on its business in all material respects in the ordinary course of business.
There is no Governmental Order imposed upon SPAC that would reasonably be expected to have a SPAC Impairment Effect.

Related to SPAC Impairment Effect

Settlement Effective Date means the date on which the Final Order is Final, provided that by such date the Settlement has not been terminated in accordance with Article 11.
Amendment Effective Date is defined in Article III.
Cost-effective means that the expenditures pursuant to
Second Amendment Effective Date has the meaning assigned to such term in the Second Amendment.
Fifth Amendment Effective Date shall have the meaning provided in the Fifth Amendment.
Transfer Effective Date shall have the meaning set forth in each Commitment Transfer Supplement.
Significant Effects under this clause 11 include termination of employment (including redundancy), major changes in the composition, operation or size of the Employer’s workforce or in the skills required, the elimination or diminution of job opportunities, promotion opportunities or job tenure; the alteration of hours of work; the need for retraining or transfer of Employees to other work areas or locations and the restructuring of jobs. Consultation about changes to rosters or hours of work