Material Disruption Sample Clauses

Material Disruption. To the extent not covered by insurance, as to which the insurer (x) is rated at least “A” by A.M. Best Company, (y) has been notified of the potential claim and (z) does not dispute coverage, (i) any Loan Party is enjoined, restrained or in any way prevented by any Governmental Authority from conducting any material part of its business; (ii) any Loan Party suffers the loss, revocation or termination of any material license, permit, lease or agreement necessary to its business; (iii) there is a cessation of any material part of any Loan Party’s business for a material period of time; or (iv) any material Collateral or Property of any Loan Party is taken or impaired through condemnation; in each case in excess of the Threshold Amount; or
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Material Disruption. Neither Group Company has experienced any material disruption in or to its business or operations as a result of:
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Material Disruption. Subsequent to the execution of a Terms Agreement and prior to the applicable Settlement Date, no material disruption has occurred in commercial banking or securities settlement or clearance services in the United States. Ratings. Subsequent to the execution of a Terms Agreement and prior to the applicable Settlement Date, the rating assigned by any nationally recognized statistical rating organization to the Company, the Program or any debt securities (including the Notes) of the Issuer or any securities or the counterparty credit rating of the Company as of the date of such Terms Agreement has not been lowered or withdrawn since that date and none of such rating organizations have publicly announced that it has under surveillance or review (with a negative implication) its rating of the Company, the Program or any such debt securities (including the Notes) of the Issuer or any securities or the counterparty credit rating of the Company. If any condition specified in this Section 6 shall not have been fulfilled when and as required to be fulfilled, the applicable Terms Agreement or both the Terms Agreement and this Agreement may be terminated by the applicable Initial Purchaser(s) (which shall be the bookrunning lead manager(s) in connection with a syndicated issue) by notice to the Company and each Indenture Party at any time and any such termination shall be without liability of any party to any other party except as provided in Section 11 hereof and except that Section 9, Section 10, Section 13 and Section 16 hereof shall survive any such termination and remain in full force and effect.
Sample 1
Material Disruption. The absence of any material disruption of or a material adverse change in conditions in the financial, banking or capital markets which the Lender, in its sole discretion, deems material in connection with the transaction contemplated by this Amendment; and
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Related to Material Disruption

  • H5 Disruption H5.1 The Contractor shall take reasonable care to ensure that in the performance of its obligations under the Contract it does not disrupt the operations of the Authority, its employees or any other contractor employed by the Authority.

  • Disruption 41.1 The Contractor shall take reasonable care to ensure that in the performance of its obligations under the Framework Agreement it does not disrupt the operations of the Authority, its employees or any other Contractor employed by the Authority.

  • Additional Disruption Events (a) Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by adding the words “(including, for the avoidance of doubt and without limitation, adoption or promulgation of new regulations authorized or mandated by existing statute)” after the word “regulation” in the second line thereof.

  • Market Disruption Event Section 6.3(a) of the Equity Definitions is hereby replaced in its entirety by the following:

  • Notification of market disruption The Agent shall promptly notify the Borrowers and each of the Lenders stating the circumstances falling within Clause 5.7 which have caused its notice to be given.

  • Market Disruption (a) If a Market Disruption Event occurs in relation to a Loan for any Interest Period, then the rate of interest on each Lender’s share of that Loan for the Interest Period shall be the percentage rate per annum which is the sum of:

  • Material Events any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or

  • Material Change in Business Seller shall not make any material change in the nature of its business as carried on at the date hereof.

  • Adverse Effect Any other action, event, or condition of any nature which could result in a material adverse effect on the business, property, or financial condition of Borrower.

  • No Material Adverse Change or Ratings Agency Change For the period from and after the date of this Agreement and prior to the Closing Date:

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