Common use of No Adverse Material Change Clause in Contracts

No Adverse Material Change. (i) Since December 31, 1997, there shall have occurred (x) no event or condition having a Material Adverse Effect, (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 and (ii) no representations made or information supplied to Agent shall have been proven to be inaccurate or misleading in any material respect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nations Flooring Inc), Loan and Security Agreement (Nations Flooring Inc)

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No Adverse Material Change. (i) Since December 31June 30, 19971996, there shall have occurred (x) no event material adverse change in the condition, financial or condition having a Material Adverse Effectotherwise, 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 and (ii) no representations made or information supplied to Agent Lender shall have been proven to be inaccurate or misleading in any material respect.;

Appears in 1 contract

Samples: Security Agreement (Meridian Sports Inc)

No Adverse Material Change. (i) Since December 31June 30, 19971998, there shall have occurred (x) no event or condition having a Material Adverse Effect, (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 and (ii) no representations made or information supplied to Agent shall have been proven to be inaccurate or misleading in any material respect.

Appears in 1 contract

Samples: Loan and Security Agreement (Executone Information Systems Inc)

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No Adverse Material Change. (i) Since December 3128, 19971996, there shall not have occurred (x) no event any material adverse change in the condition, financial or condition having a Material Adverse Effectotherwise, 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 and (ii) no representations made or information supplied to Agent or any Lender shall have been proven to be inaccurate or misleading in any material respect.;

Appears in 1 contract

Samples: Security Agreement (Danskin Inc)

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