Material Adverse change Any event or series of events occurs which, in the opinion of the Lender, is likely to have a materially adverse effect on the business, assets, financial condition or credit worthiness of a Security Party.
Material Adverse effect Any event or series of events occurs which, in the reasonable opinion of the Bond Trustee, after consultations with the Issuer, has a Material Adverse Effect.
Material Adverse. Change There has been no change in the business, assets, operations or condition (financial or otherwise) of any of the Security Parties or in the facts and information regarding such entities as represented to date which constitutes a Material Adverse Effect.
Material Adverse change Any event or series of events occurs which, in the opinion of the Majority Lenders, has or is reasonably likely to have a Material Adverse Effect.
Material Adverse. Change At any time there shall occur any event or change which has a Material Adverse Effect in respect of any Security Party and such event or change, if capable of remedy, is not so remedied within 30 days of the delivery of a notice confirming such event or change by the Agent to the relevant Security Party; or
Material Adverse change Any event or circumstance occurs which has had or could reasonably be expected to have a Material Adverse Effect.
Material Adverse. Change Any event of circumstance set out in Clause 23.1.21 (Sanctions) occurs in relation to any member of the Group or an Affiliate of any of them or any member of the Group or an Affiliate of any of them acts in a way contrary to the obligations set out in Clauses 22.3 (Environmental Compliance), 22.5 (Anti-corruption law) and 22.6.1 (Taxation) and the Majority Lenders reasonably believe that such event or actions have or are reasonably likely to have a Material Adverse Effect.
Material Adverse. Effect Section 10.1
Material Adverse change Any event or series of events occur which, in the reasonable opinion of the Agent (on behalf of the Lenders), might have a Material Adverse Effect.
Material Adverse. Effect means a material adverse effect on (a) the business, operations, assets, capitalization, financial or other condition, agreements, prospects, licenses, permits, rights, privileges or liabilities, whether contractual or otherwise, of the Borrower and its Subsidiaries, as a whole, on a consolidated basis, (b) the ability of the Borrower or any of its Subsidiaries to perform and discharge its obligations under this Agreement, any of the other Documents or its Material Contracts, or (c) the Lenders’ ability to enforce their rights or remedies under this Agreement or any of the other Documents and, where used in relation to any other Person, has a similar meaning; provided that during the Certain Funds Period, references to the words “capitalization”, “or other”, “agreements, prospects, licenses, permits, rights, privileges or liabilities” and “or its Material Contracts” above shall be disregarded for the purposes of Section 8.2(5)(i).
