Common use of Adverse Contracts Clause in Contracts

Adverse Contracts. Except as disclosed in the Disclosure Package, neither the Borrower nor any of its Subsidiaries is a party to, nor is it or any of its property subject to or bound by, any agreement or instrument which restricts its ability to conduct its business, or could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (Pharmacia & Upjohn Inc), Credit Agreement (Miravant Medical Technologies), Credit Agreement (Miravant Medical Technologies)

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Adverse Contracts. Except as disclosed in the Disclosure Package, neither the Neither Borrower nor any of its Subsidiaries is a party to, to nor is it or any of its property subject to or bound byby any forward purchase contract, any futures contract, covenant not to compete, unconditional purchase, take or pay or other agreement or instrument which restricts its ability to conduct its businessbusiness or, or could reasonably be expected, either individually or in the aggregate, has a Material Adverse Effect or could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Lynch Corp), Credit Agreement (Spinnaker Industries Inc)

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