Common use of Material Adverse Change Clause in Contracts

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’s's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the Borrower’s 's (or any guarantor’s's) business condition (financial or otherwise), operationscondition, properties or prospects, or ability to repay the creditloan.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, occurs in the financial or is reasonably likely to occur, in Borrower’s (or any guarantor’s) business condition (financial of the Borrower or otherwise), operations, properties or prospects, or ability to repay the creditGuarantor.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in any Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or Lender determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’s's) or any trustor's business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occursoccurs in the financial condition of Borrower or Guarantor, or is reasonably likely including, but not limited to, cash flow, liquidity and net worth, loan to occur, in Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.value limitations as set forth herein; or

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in any Borrower’s 's (or any guarantor’s's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditadvances.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in any Borrower’s 's (or any guarantor’s's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s, any Subsidiary’s (or any guarantor’s) Obligor’s business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s ('s or any guarantor’s) Guarantor's business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditamounts outstanding under the Subordinated Note.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s 's (or any guarantor’s's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or Lender determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties operations or prospectsproperties, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties operations or prospectsproperties, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s ('s or any guarantor’s) 's business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantor’s) 's business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s 's (or any guarantor’s's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties operations or prospectsproperties, or ability to repay the credit; or the Lender determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s the Borrowers (or any guarantor’sguarantors) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A With respect to any Borrower, a material adverse change occurs, or is reasonably likely to occur, in such Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties operations or prospectsproperties, or ability to repay the credit; or the Bank reasonably determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditLoan.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospectsproperties, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sguarantors) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospects, taken as a whole, or ability to repay the creditFacilities.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit, or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantor’s) 's business condition (financial or otherwise), operations, properties or prospects, or ability to repay the this credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the Borrower’s 's (or any guarantor’s's) business condition (or any trustor's financial or otherwise), operationscondition, properties or prospects, or ability to repay the creditloan.

Material Adverse Change. A material adverse change occursoccurs (or circumstances that could reasonably be expected to result in a material adverse change occur), or is reasonably likely to occurin either case, in Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.; or the Bank determines that it is insecure for any other reason. 8.9

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantor’s) 's business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObligor's) or the Law Firm’s business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantorObligor’s or any Subsidiary’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the Borrower’s (or any guarantorGuarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditTerm Loan.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s) 's business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or Lender determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occursoccurs in any Borrower's, or is reasonably likely to occur, in Borrower’s (or any guarantor’s's) business condition (financial or otherwise), operationscondition, properties or prospects, or ability to repay the creditloan.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in a Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantorObligor’s) business financial condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s) 's business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay thecredit; or the creditBank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in any Borrower’s 's, (or any guarantor’s's) business condition (financial or otherwise), operationscondition, properties or prospects, or ability to repay the creditloan.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the ----------------------- Borrower’s (or any guarantor’s) 's business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditcredit on a consolidated basis.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditLine of Credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantorGuarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in any Borrower’s (or any guarantorGuarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure at any time and for any reason as a result of (a) a material adverse change in the auction rate securities market or (b) a material adverse change in the overall credit markets.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditLetter of Credit Facility.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in any Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in a Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditcredit (“Material Adverse Change”).

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObliger's) business condition (financial or otherwise), operations, properties or prospectsproperties, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties or prospects, taken as a whole, or ability to repay the creditFacilities.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the Borrower’s ('s or any guarantor’s) 's business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or if Borrower's representations in Section 6.14 regarding the "year 2000 problem" cease to be true, whether or not true when made, and as a result Bank reasonably believes the Borrower's financial condition or its ability to pay its debts as they come due will thereby be materially impaired.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties operations or prospectsproperties, or ability to repay the credit; or the Bank reasonably determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditcredit of the Borrower and its subsidiaries as a whole.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantor’s) 's business condition (financial or otherwise), operations, properties or prospects, or ability to repay this credit or in the creditbusiness condition (financial or otherwise), operations, properties or prospects of any of the Borrower's related entities or affiliates.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the Borrower’s 's (or any guarantor’s's) business condition (financial or otherwise), operationscondition, properties or prospects, or ability to repay the credit.loan. 8.9

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or Lender determines that it is Insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in any Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or Lender determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the Borrower’s 's (or any guarantor’sGuarantor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantorObligor’s) business condition (financial or otherwise), operations, properties operations or prospectsproperties, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in Borrower’s the ----------------------- Borrowers' (or any guarantor’sGuarantor's) business condition (financial or otherwise), operationscondition, properties or prospects, or ability to repay the this credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in any Borrower’s (or any guarantorGuarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditObligations.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Lender determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the Borrower’s 's (or any guarantor’s's) business condition (financial or otherwise), operationscondition, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in any Borrower’s 's (or any guarantor’s's) business business, condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditadvances.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occur in the Borrower’s 's or any guarantor's (or any guarantor’strustor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in any Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospectsproperties, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, occurs or is reasonably likely to occur, in any Borrower’s 's, (or any guarantor’s's) business condition (financial or otherwise), operationscondition, properties or prospects, or ability to repay the creditloan.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s) the business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditLoan of Borrower and Guarantors, considered as a whole.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantor’s) business condition (the Guarantor’s financial or otherwise)condition, operations, properties or prospects, which materially impairs the prospects or ability to repay the creditloan.

Material Adverse Change. A material adverse change occurs, occurs in the ----------------------- Borrower's or is reasonably likely to occur, in Borrower’s any guarantor's (or any guarantor’strustor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s) the business condition (financial or otherwise), operations, properties or prospectsprospects of the Borrower and its Subsidiaries, taken as a whole, or their ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in any Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, occurs in the Borrower's or is reasonably likely to occur, in Borrower’s any guarantor's (or any guarantor’strustor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in any Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the Borrower’s (or any guarantor’s) business condition (financial or otherwise), operationsoperations or properties, properties or prospects, or which could reasonably adversely affect the Borrower’s ability to repay the creditLoan including any action by any government authority.

Material Adverse Change. A material adverse change occursoccurs , or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’s's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in any Borrower’s ('s or any guarantor’s) business condition ('s financial or otherwise), operationscondition, properties or prospects, or ability to repay the creditobligations hereunder.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the Borrower’s 's (or any guarantor’sthe Guarantor's) business condition (financial or otherwise), operationscondition, properties or prospects, or ability to repay the credit.loan. 8.11

Material Adverse Change. A material adverse change occurs, or is reasonably substantially likely to occur, in Borrower’s 's (or any guarantor’s's) business condition (financial or otherwise), operations, properties or prospectsproperties, or the prospect of repayment of the Obligations (including Borrower's ability to repay the creditObligations).

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason. 10.11.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties operations or prospectsproperties, or ability to repay the credit.its obligations as contemplated hereunder or under any document executed in connection with this Agreement. 11.9

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in Borrower’s (or any guarantor’s) business condition (financial or otherwiseotharwise), operations, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s 's (or any guarantor’s's) business condition (financial or otherwise), operationscondition, properties or prospects, or ability to repay the credit.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospectsproperties, or ability to repay the creditcredit extended by Lender under this Agreement.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in the ----------------------- Borrower’s ('s or any guarantor’s) business condition (Guarantor's financial or otherwise), operationscondition, properties or prospects, or ability to repay the creditloan or perform its obligations under this Agreement or any other loan document.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in a Borrower’s 's (or any guarantor’sObligor's) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit; or the Bank determines that it is insecure for any other reason.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, occurs in Borrower’s 's (or any guarantor’s's) (i) business condition (financial or otherwise)condition, operations, properties or prospects, (financial or otherwise), or (ii) ability to repay the creditcredit or otherwise perform its obligations under this Agreement.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in the Borrower’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the creditNote.