Common use of Adverse Development Clause in Contracts

Adverse Development. From the date of this Agreement, there shall have been no developments in the business of the Company or any of its Subsidiaries which, individually or in the aggregate, has had, or would be reasonably expected to have, a Material Adverse Effect.

Appears in 2 contracts

Sources: Note Purchase Agreement (Micro Therapeutics Inc), Note Purchase Agreement (Micro Investment LLC)

Adverse Development. From the date of this Agreement, there shall have been no developments in the business of the Company or any of its Subsidiaries which, individually or in the aggregate, has have had, or would be reasonably expected to have, a Material Adverse Effect.

Appears in 1 contract

Sources: Note Purchase Agreement (Micro Therapeutics Inc)