Common use of No Adverse Material Change Clause in Contracts

No Adverse Material Change. (i) since January 31, 1998, there shall not have occurred (x) no material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower, (y) no material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no event, condition or state of facts which could reasonably be expected to have a Material Adverse Effect on Borrower and (ii) no representations made or information supplied to the Lenders shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Security Agreement (Candies Inc)

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No Adverse Material Change. (i) since January 31Since February 3, 19982001, there shall not have occurred (x) no any material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower, (y) no any material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no event, condition or state of facts which could reasonably be expected to have a Material Adverse Effect on Borrower and (ii) no representations made or information supplied to the Lenders Agent or any Lender shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Cygne Designs Inc)

No Adverse Material Change. (i) since January 31Since June 30, 19981997, there shall not have occurred (x) no any material adverse change in the condition, financial or otherwise, operations, properties or prospects of BorrowerBorrower or any Guarantor, (y) no material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no event, condition or state of facts which could reasonably be expected to have a Material Adverse Effect on Borrower and (ii) no representations made or information supplied to the Lenders Agent or any Lender shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Accounts Receivable Management and Security Agreement (TMP Worldwide Inc)

No Adverse Material Change. (i) since January 31Since September 30, 19982002, there shall not have occurred (x) no any material adverse change in the condition, financial or otherwise, operations, properties or prospects of BorrowerBorrowers, (y) no any material damage or destruction to any of the Collateral nor or any material depreciation in the value thereof and (z) no any event, condition or state of facts which could would reasonably be expected materially and adversely to have a Material Adverse Effect on Borrower affect the business, financial condition or results of operations of Borrowers and (ii) no representations made or information supplied to the Lenders Lender shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Credit and Security Agreement (Spar Group Inc)

No Adverse Material Change. (i) since January Since December 31, 1998, there shall not have occurred (x) no any material adverse change in the condition, financial or otherwise, operations, properties or prospects of BorrowerBorrowers, (y) no any material damage or destruction to any of the Collateral nor or any material depreciation in the value thereof and (z) no any event, condition or state of facts which could would reasonably be expected materially and adversely to have a Material Adverse Effect on Borrower affect the business, financial condition or results of operations of Borrowers and (ii) no representations made or information supplied to the Lenders Lender shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Security Agreement (Spar Group Inc)

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No Adverse Material Change. (i) since Since January 31, 19981997, there shall not have occurred (x) no any material adverse change in the condition, financial or otherwise, operations, properties or prospects of any Borrower, (y) no any material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no any event, condition or state of facts which could reasonably be expected to have a Material Adverse Effect on any Borrower and (ii) no representations made or information supplied to the Lenders Agent shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Security Agreement (PDS Financial Corp)

No Adverse Material Change. (i) since January 31Since February 28, 19981999, there shall not have occurred (x) no any material adverse change in the condition, financial or otherwise, operations, properties or prospects of Borrower, (y) no any material damage or destruction to any of the Collateral nor any material depreciation in the value thereof and (z) no any event, condition or state of facts which could would reasonably be expected materially and adversely to have a Material Adverse Effect on affect the business, financial condition or results of operations of Borrower and (ii) no representations made or information supplied to the Lenders Agent shall have been proven to be inaccurate or misleading in any material respect;

Appears in 1 contract

Samples: Security Agreement (Dreamlife Inc)

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