Common use of No Adverse Change Clause in Contracts

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on Borrower, any Subsidiary or any Guarantor since the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 4 contracts

Samples: Loan and Security Agreement (Primo Water Corp), Loan and Security Agreement (Ic Isaacs & Co Inc), Revolving and Term Credit and Security Agreement (Aerosonic Corp /De/)

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No Adverse Change. There shall have been no change which could have a Material Adverse Effect on Borrowerthe condition, financial or otherwise, of Borrower or any Subsidiary or any Guarantor since from such condition as it existed on the date of the most recent financial statements of such Person delivered prior to Bank from time to timedate hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cpac Inc), Credit Agreement (Sri Surgical Express Inc)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on Borrowerthe condition, any Subsidiary financial or any Guarantor since otherwise, of Borrower from such condition as it existed on the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 2 contracts

Samples: Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.), Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on Borrower, any Subsidiary Borrower or any Guarantor since the date of the most recent financial statements of such Person delivered to Bank Lender from time to time.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Corgenix Medical Corp/Co)

No Adverse Change. There shall have been no change which could have ----------------- a Material Adverse Effect on Borrower, any Subsidiary or and any Guarantor since Guarantor, taken as whole from such condition as it existed on the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Bradley Pharmaceuticals Inc)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on Borrowerthe condition, financial or otherwise, of Borrower or any Subsidiary or any Guarantor since from such condition as it existed on the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: Credit and Security Agreement (Digital Lightwave Inc)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on Borrower, any Subsidiary or any Guarantor Borrowers taken as a whole since the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Emerson Radio Corp)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on Borrower, any Subsidiary or any Guarantor since the date of the most recent financial statements of such Person Borrower delivered to Bank from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Impax Laboratories Inc)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on Borrower, any Subsidiary or any Guarantor Borrower since the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Adams Golf Inc)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on Borrower, Borrower or any Subsidiary or any Guarantor since the date of the most recent financial statements of such Person delivered to Bank Agent or Banks from time to time.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Sri Surgical Express Inc)

No Adverse Change. There shall have been no change which could is reasonably likely to have a Material Adverse Effect on Borrowerthe condition, financial or otherwise, of Borrower or any Subsidiary or any Guarantor since from such condition as it existed on the date of the most recent financial statements of such Person delivered prior to Bank from time to timedate hereof.

Appears in 1 contract

Samples: And Security Agreement (Sri Surgical Express Inc)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on the condition, financial or otherwise, of Borrower, any Subsidiary or any Guarantor since from such condition as it existed on the date of the most recent financial statements of such Person delivered prior to Bank from time to timedate hereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Imrglobal Corp)

No Adverse Change. There shall have been no change on the condition, financial or otherwise, of Borrower, any Subsidiary, any Foreign Subsidiary or any Guarantor, which could have a Material Adverse Effect on Borrowerthe condition, any Subsidiary financial or any Guarantor since otherwise, of Borrower on a consolidated basis, from such condition as it existed on the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: Credit and Security Agreement (SFBC International Inc)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on any Borrower, any Subsidiary or any Guarantor since the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Proxymed Inc /Ft Lauderdale/)

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No Adverse Change. There shall have been no change which could have a Material Adverse Effect on any Borrower, any Subsidiary or any Guarantor since the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (JPS Industries Inc)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on BorrowerBorrower and its Subsidiaries, any Subsidiary or any Guarantor taken as a whole, since the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Intelligroup Inc)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on the condition, financial or otherwise, of Borrower, any Subsidiary or any Guarantor since Surety from such condition as it existed on the date of the most recent financial statements of such Person delivered prior to Bank from time to timedate hereof.

Appears in 1 contract

Samples: Non Revolving Credit and Security Agreement (Unilife Corp)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on Borrower, any Subsidiary or any Guarantor since the date of the most recent financial statements of such Person delivered to Bank from time to time.. (e)

Appears in 1 contract

Samples: Revolving and Term Credit and Security Agreement (Aerosonic Corp /De/)

No Adverse Change. There shall have been no change which could would have a Material Adverse Effect on Borrower, any Subsidiary or any Guarantor since the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: And Security Agreement (Home Diagnostics Inc)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on the condition, financial or otherwise, of Borrower, any Subsidiary or any Guarantor since from such condition as it existed on the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: Credit and Security Agreement (SFBC International Inc)

No Adverse Change. There shall have been no change which could have a Material Adverse Effect on Borrower, Borrower or any Subsidiary or any Guarantor since the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Primo Water Corp)

No Adverse Change. There shall have been no change which could reasonably be expected to have a Material Adverse Effect on Borrower, any Subsidiary or any Guarantor since the date of the most recent financial statements of such Person delivered to Bank from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Vitacost.com, Inc.)

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