Absence of Adverse Events Sample Clauses

Absence of Adverse Events. To Seller’s best knowledge, except as included in the Collateral File, (i) no interest shortfalls have occurred and no realized losses have been applied to such CMBS Security or CRE CDO Security or otherwise incurred with respect to any mortgage loan related to such CMBS Security or CRE CDO Security, and (ii) the Seller is not aware of any circumstances that could have a material adverse effect on such CMBS Security or CRE CDO Security.
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Absence of Adverse Events. To Seller's best knowledge, except as included in the Collateral File, (i) no interest shortfalls have occurred and no realized losses have been applied to any CMBS Security or otherwise incurred with respect to any mortgage loan related to such CMBS Security nor any class of CMBS Security issued under the same governing documents as any CMBS Security, and (ii) the Seller is not aware of any circumstances that could have a material adverse effect on the CMBS Security. Sch. M-1 SCHEDULE N FITCH RECOVERY MATRIX B OR DOMICILE SENIORITY AAA AA A BBB BB LOWER ---------------------- ------------------------- ----- ----- ----- ----- ----- ----- ABS Senior 60.00% 65.00% 75.00% 85.00% 90.25% 95.00% (>10%) ABS Senior 48.00% 56.00% 64.00% 72.00% 76.00% 80.00% (< or equal to 10%) ABS Mezzanine IG 30.00% 38.00% 46.00% 54.00% 65.00% 75.00% (>10%) ABS Mezzanine IG 20.00% 27.00% 35.00% 42.00% 50.00% 55.00% (< or equal to 10%) ABS Non IG 15.00% 18.00% 21.00% 26.00% 32.00% 35.00% (>10%) ABS Non IG 0.00% 4.00% 8.00% 12.00% 16.00% 20.00% (< or equal to 10%) United States REITS 52.00% 55.25% 58.50% 61.75% 63.38% 65.00% United States Senior Secured (Non IG) 56.00% 59.50% 63.00% 66.50% 68.25% 70.00% United States Jr Secured (Non IG) 24.00% 25.50% 27.00% 28.50% 29.25% 30.00% United States Senior Unsecured (Non IG) 36.00% 38.25% 40.50% 42.75% 43.88% 45.00% United States Subordinate (Non IG) 24.00% 25.50% 27.00% 28.50% 29.25% 30.00% United States Senior Unsecured (IG) 44.00% 46.75% 49.50% 52.25% 53.63% 55.00% United States Subordinate (IG) 24.00% 25.50% 27.00% 28.50% 29.25% 30.00% FITCH RECOVERY MATRIX (FOR FITCH HYPERTRANCHED COLLATERAL DEBT SECURITIES) AAA AA A BBB BB B OR LOWER ------------ -- ---- ---- ----- ---------- AAA to A- (>10%) 70.0% 75% 85.0% 95.0% 100.0% 100.0% AAA to AA- (<=10%) 58.0% 66% 74.0% 82.0% 86.0% 90.0% A+ to BBB- (>10%) 47.0% 55% 63.0% 71.0% 82.0% 92.0% A+ to BBB- (<=10%) 37.0% 44% 52.0% 59.0% 67.0% 72.0% BB+ and Below (>10%) 17.0% 20% 23.0% 28.0% 34.0% 37.0% BB+ and Below (<=10%) 6.0% 10% 14.0% 18.0% 22.0% 26.0%
Absence of Adverse Events. Based on the most recently available trustee report, (i) no interest shortfalls have occurred and no realized losses have been applied to the Rake Bond and (ii) the Seller is not aware of any circumstances that are likely to have a material adverse effect on such Rake Bond.

Related to Absence of Adverse Events

  • Absence of Adverse Changes Since the date of the Company Balance Sheet until the date of this Agreement, there has not occurred any change, event, circumstance or development that is reasonably likely to have a Company Material Adverse Effect. From the date of the Company Balance Sheet until the date of this Agreement, except as contemplated hereby or as set forth in Section 3.8 of the Company Disclosure Schedule, (a) the business of the Company and the Company Subsidiaries, taken as a whole, has been conducted in the ordinary course of business and (b) none of the Company or any Company Subsidiary has taken any action that would have required the consent of Parent under Section 5.1(b) of this Agreement, had such action or event occurred after the date of this Agreement.

  • Notice of Suits, Adverse Events Furnish Agent with prompt notice of (i) any lapse or other termination of any Consent issued to any Borrower by any Governmental Body or any other Person that is material to the operation of any Borrower's business, (ii) any refusal by any Governmental Body or any other Person to renew or extend any such Consent; and (iii) copies of any periodic or special reports filed by any Borrower with any Governmental Body or Person, if such reports indicate any material change in the business, operations, affairs or condition of any Borrower, or if copies thereof are requested by Lender, and (iv) copies of any material notices and other communications from any Governmental Body or Person which specifically relate to any Borrower.

  • Absence of Material Adverse Changes No material adverse change in the business, assets, financial condition, or prospects of the Company shall have occurred, no substantial part of the assets of the Company not substantially covered by insurance shall have been destroyed due to fire or other casualty, and no event shall have occurred which has had or will have a material adverse effect on the business, assets, financial condition or prospects of the Company.

  • No Adverse Events Between the date hereof and the Closing Date, neither the business, assets or condition, financial or otherwise, of the Company taken as a whole shall have been materially adversely affected in any manner.

  • Absence of Material Adverse Effect Since the date of this Agreement, there shall not have been any event, change or occurrence that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect.

  • Adverse Events Subsequent to the date hereof, there shall not have occurred any of the following: (i) a suspension or material limitation in trading in securities generally on the New York Stock Exchange, the NASDAQ National Market or the NASDAQ Global Market, (ii) a general moratorium on commercial banking activities in the People’s Republic of China or New York, (iii) the outbreak or escalation of hostilities involving the United States or the People’s Republic of China or the declaration by the United States or the People’s Republic of China of a national emergency or war if the effect of any such event specified in this clause (iii) in your reasonable judgment makes it impracticable or inadvisable to proceed with the public offering or the delivery of the Shares on the terms and in the manner contemplated in the Prospectus, or (iv) such a material adverse change in general economic, political, financial or international conditions affecting financial markets in the United States or the People’s Republic of China having a material adverse impact on trading prices of securities in general, as, in your reasonable judgment, makes it impracticable or inadvisable to proceed with the public offering of the Shares or the delivery of the Shares on the terms and in the manner contemplated in the Prospectus.

  • Absence of Material Adverse Change On the Closing Date, no circumstance shall exist that constitutes a REIT II Material Adverse Effect.

  • Material Adverse Events Since the date of the latest audited financial statements included within the SEC Reports, except as specifically disclosed in a subsequent SEC Report filed prior to the date hereof, (i) there has been no event, occurrence or development that has had or that could reasonably be expected to result in a Material Adverse Effect, (ii) the Company has not incurred any liabilities (contingent or otherwise) other than (A) trade payables and accrued expenses incurred in the ordinary course of business consistent with past practice and (B) liabilities not required to be reflected in the Company’s financial statements pursuant to GAAP or required to be disclosed in filings made with the Commission, (iii) the Company has not altered its method of accounting, (iv) the Company has not declared or made any dividend or distribution of cash or other property to its stockholders or purchased, redeemed or made any agreements to purchase or redeem any shares of its capital stock and (v) the Company has not issued any equity securities to any officer, director or “Affiliate” (defined as any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 144 under the Act), except pursuant to existing Company stock option plans. The Company does not have pending before the Commission any request for confidential treatment of information. No event, liability or development has occurred or exists with respect to the Company or its Subsidiaries or their respective business, properties, operations or financial condition, that would be required to be disclosed by the Company under applicable securities laws at the time this representation is deemed made that has not been publicly disclosed at least 1 Trading Day prior to the date that this representation is deemed made.

  • Absence of Company Material Adverse Effect Since the date of this Agreement, there shall not have been any event, change, effect or development that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect.

  • Notice of Adverse Change The Company shall promptly give notice to all holders of any Securities (but in any event within seven (7) days) after becoming aware of the existence of any condition or event which constitutes, or the occurrence of, any of the following:

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