Common use of Material Adverse Change Clause in Contracts

Material Adverse Change. Since December 31, 1999 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2006, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2004, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2010, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2001, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2002, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 there has been no No material adverse change in the ----------------------- business, Property, prospects, condition (financial or otherwise) ), performance, prospects or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effecthas occurred since December 31, 1995.

Material Adverse Change. Since December 31, 1999 2002 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2000 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2004 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2022, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2021, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2014, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1997, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect, including, but not limited to, a change in the relationship between Big O and its franchisees which could have a Material Adverse Effect.

Material Adverse Change. Since December March 31, 1999 1999, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 there has been no No material adverse change in the ----------------------- business, Property, prospects, condition (financial or otherwise) ), performance, prospects or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effector of the Subsidiary Borrower and its Subsidiaries has occurred since December 31, 1995.

Material Adverse Change. Since December 31, 1999 2004, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2000 there has been no change in the business, Property, prospects, condition (financial or otherwise) ), operations, performance or results prospects of operations of the Borrower, or the Borrower and its Subsidiaries taken as a whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2014, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2004, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower, any Guarantor, or the Borrower and its Subsidiaries taken together, in each case which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31June 30, 1999 2001, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Significant Subsidiaries which could reasonably be expected to would have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2004 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2021, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2006 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2017, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December March 31, 1999 2001, there has been no change in the business, Property, prospects, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31June 30, 1999 1998 there has been no change in the business, Property, prospects, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1998 there has been no ----------------------- material adverse change in the business, Property, prospects, condition (financial or otherwise) or ), results of operations operations, properties, assets, business or prospects of the Borrower or of the Borrower and its Subsidiaries which could reasonably be expected to have Consolidated Subsidiaries, considered as a Material Adverse Effectwhole.

Material Adverse Change. Since December 31, 1999 2002, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Loan Parties which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 20202021, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2018, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2003 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1998 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries or if Trianon and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2001 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect., except as disclosed in the SEC Reports. To the Borrower's knowledge, since March 31, 2002 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the FASCO which could reasonably be expected to have a Material Adverse Effect

Material Adverse Change. Since December 31, 1999 2021, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower Borrowers and its their Significant Subsidiaries which could reasonably be expected to would have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1997 there has been no change in the business, Propertyproperty, prospects, condition (financial or otherwise) or results of operations of the Borrower Company and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1997, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower Company and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2003, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the such Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1995, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1999, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31June 30, 1999 there has been no change ----------------------- in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December August 31, 1999 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2003, there has ----------------------- been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December July 31, 1999 2001, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31September 30, 1999 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Parent, Borrower and its their respective Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2000, there has been no material adverse change in the business, Property, prospects, condition (financial or otherwise) ), business, operations or results of operations prospects of the Borrower and its Subsidiaries which could reasonably be expected to have Subsidiaries, taken as a Material Adverse Effectwhole.

Material Adverse Change. Since December March 31, 1999 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2014, there has been no change in the business, Property, prospects, financial condition (financial or otherwise) or results of operations of the Borrower and its or the Subsidiaries which that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2003 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Loan Parties which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2004, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2019, there has been no change in the business, Property, prospects, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries the Guarantors which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2008, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower, any Guarantor, or the Borrower and its Subsidiaries taken together, in each case which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2018, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Significant Subsidiaries which could reasonably be expected to would have a Material Adverse Effect.

Material Adverse Change. Since As of the date hereof, since December 31, 1999 2002, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since Except as publicly disclosed on or ----------------------- prior to the date hereof, since December 31, 1999 and up to the Closing Date there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2006, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the such Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2000, there has ----------------------- been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2002, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Credit Parties which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31December31, 1999 1996, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1998, there has been no change in the business, Property, business prospects, condition (financial or otherwise) or results of operations of the Borrower General Partner and its Subsidiaries which could is reasonably be expected likely to have a Material Adverse Effect.

Material Adverse Change. Since December 31November 30, 1999 1997, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2003, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2003, there has been no change in the business, Property, prospects, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2021, there has been no change in the business, Property, prospects, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which Subsidiaries, taken as a whole, that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2001 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2015 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1997, there has been no change in the business, Propertyproperties, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries or any Owned Person which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31September 30, 1999 2000, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the any Borrower and its Subsidiaries or any Subsidiary which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1996, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2000, there has been no change in the business, Property, business prospects, condition (financial or otherwise) or results of operations of the Borrower and or its Subsidiaries which could is reasonably be expected likely to have a Material Adverse Effect.

Material Adverse Change. Since December 31November 30, 1999 2002 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1996, there has been no ----------------------- change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2005, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 3128, 1999 1997, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected is likely to have a Material Adverse Effect.. 1a-222232 22

Material Adverse Change. Since December 31, 1999 2001, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2011, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower Borrowers and its their Significant Subsidiaries which could reasonably be expected to would have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2003 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December January 31, 1999 1997, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 1994, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2007, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower Borrowers and its their Significant Subsidiaries which could reasonably be expected to would have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2016 there has been no change in the business, Propertyoperations, prospects, Property or financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31September 29, 1999 2002 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2001 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which Borrower, the REIT or any of the other Consolidated Entities that could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2004 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect, other than the Recapitalization Transaction.

Material Adverse Change. Since December 31, 1999 2003, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31September 30, 1999 1999, there has been ----------------------- no change from that reflected in the Financial Statements, in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2020 there has been no change in the business, Propertyoperations, prospects, Property or financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole, which could would reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2003, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the 61 Borrower and its Subsidiaries Subsidiaries, taken together, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31February 24, 1999 2001 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2005, there has been no change in the business, Property, prospects, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2000, there has been no material adverse change in the business, Propertyassets, prospectsproperties, condition (revenues, financial condition, operations or otherwise) prospects of Agent or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse EffectGuarantor.

Material Adverse Change. Since December 31, 1999 1995, there has ----------------------- been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31September 30, 1999 1998 there has been no change in the business, Property, prospectsoperations, performance, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2004, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the such Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.. Table of Contents

Material Adverse Change. Since December 31, 1999 2006 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2000 there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole, or of the Guarantor and its Subsidiaries taken as a whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2004, there has been no change in the business, Property, prospects, condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries Subsidiaries, taken as a whole, which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31, 1999 2002 there has been no change in the business, Property, prospects, financial condition (financial or otherwise) or results of operations of the Borrower and its Subsidiaries taken as a whole which could reasonably be expected to have a Material Adverse Effect.

Material Adverse Change. Since December 31September 30, 1999 2000 there has been no change in the business, Property, prospects, condition (financial or otherwise) operations, performance or results prospects of operations of any Borrower, or the Borrower Company and its Subsidiaries taken as a whole, which could reasonably be expected to have a Material Adverse Effect.