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

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

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...

Examples of Relevant Adverse Effect in a sentence

• To the best knowledge of NTL and TTS, except as provided in Schedule 3.5(c), TTS is not in breach of any provision of, or in default (or knows of any event or circumstance that with notice or lapse of time or both would constitute an event of default) under the terms of, any TTS Contract except to the extent the loss of such TTS Contract would not have a Relevant Adverse Effect on TTS.

• To the best knowledge of NTI, NCS has not violated, and the consummation of the transactions contemplated hereby will not cause any violation of, any Permit, any order of any Authority or any law, ordinance, regulation, order, requirement, statute, rule, permit, concession, grant, franchise, license or other governmental authorization relating or applicable to the NCS Business or any of NCS Assets or that could have a Relevant Adverse Effect on the NCS Assets or the NCS Business.

• Except where the failure would not affect the validity of this Agreement or have a Relevant Adverse Effect on the TTS Business or TTS Assets, TTS is qualified to transact business as an extra-provincial corporation and is in good standing in the jurisdictions, if any, specified in Schedule 3.1(c) attached hereto, and, to NTL's knowledge, there is no other jurisdiction in which the nature or extent of the TTS Business or the character of the TTS Assets makes such qualification necessary.

• 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.

• To the best knowledge of either WCG or WilTel, neither WCG nor WilTel is in breach of any provision of, or in default (or knows of any event or circumstance that with notice or lapse of time or both would constitute an event of default) under the terms of, any WilTel Contract except to the extent the loss of such WilTel Contract would not have a Relevant Adverse Effect on Newco.

More Definitions of Relevant Adverse Effect

Relevant Adverse Effect means any event that generates a material adverse effect, understood as any and all events or situations that diminish or limit the current ability to pay the Issuer, in an adverse and relevant manner, affecting (i) the business, operations, properties or results of the Issuer; or (ii) the Issuer's ability to comply punctually with its obligations under the Issue.

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.

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.

Relevant Adverse Effect means a relevant adverse effect on:

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).

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.

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.