STATEMENT OF MATERIAL ADVERSE EFFECT Sample Clauses

STATEMENT OF MATERIAL ADVERSE EFFECT. The Borrower will deliver to the Lender, promptly upon any officer of the Borrower having knowledge of any Event of Default or event or condition (except for events or conditions as to the economy of the United States as a whole or the oil and gas industry as a whole) causing or likely to cause a Material Adverse Effect, a statement of a Responsible Officer, setting forth the Event of Default or event or condition causing or likely to cause a Material Adverse Effect and the steps being taken with respect thereto.
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STATEMENT OF MATERIAL ADVERSE EFFECT. The Borrower will deliver to the Lender, promptly upon any officer of the Borrower having knowledge of any Event of Default or event or condition (except for events or conditions as to the economy of the United States as a whole or the oil and gas industry as a whole) causing or likely to cause a Material Adverse Effect, a statement of the president of the Borrower, setting forth the Event of Default or event or condition causing or likely to cause a Material Adverse Effect and the steps being taken with respect thereto.
Sample 1Sample 2
STATEMENT OF MATERIAL ADVERSE EFFECT. The Borrower will deliver to the Administrative Agent with sufficient copies for the Lenders, promptly upon any Responsible Officer having knowledge of any Unmatured Event of Default, Event of Default or event or condition (except for events or conditions as to the economy of the United States as a whole or the energy industry in the United States generally) causing, or that could reasonably be expected to cause, a Material Adverse Effect, a statement of a Responsible Officer, setting forth the Unmatured Event of Default, Event of Default or such event or condition causing, or that could reasonably be expected to cause, a Material Adverse Effect and the steps being taken with respect thereto.
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Related to STATEMENT OF MATERIAL ADVERSE EFFECT

  • Notice of Material Adverse Effect The Company shall notify the Buyer (and any subsequent holder of the Debentures), as soon as practicable and in no event later than three (3) business days of the Company’s knowledge of any Material Adverse Effect on the Company. For purposes of the foregoing, “knowledge” means the earlier of the Company’s actual knowledge or the Company’s constructive knowledge upon due inquiry.

  • Absence of Material Adverse Effect Since the date of this Agreement, there shall not have been any event, change or occurrence that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect.

  • Company Material Adverse Effect Since the date of this Agreement, there shall not have been any Company Material Adverse Effect or any event, change or effect that would, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.

  • Notice of Material Adverse Change Promptly inform Lender of (i) any and all material adverse changes in Borrower’s financial condition, and (ii) all claims made against Borrower which could materially affect the financial condition of Borrower.

  • Absence of Material Adverse Change On the Closing Date, no circumstance shall exist that constitutes a REIT II Material Adverse Effect.

  • No Company Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Company Material Adverse Effect.

  • Absence of Company Material Adverse Effect Since the date of this Agreement, there shall not have been any event, change, effect or development that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect.

  • Material Adverse Effects Except as disclosed in the Prospectus and the Time of Sale Information, (a) in the judgment of the Agent there shall not have occurred any Material Adverse Effect; and (b) there shall not have occurred any downgrading, nor shall any notice have been given of any intended or potential downgrading or of any review for a possible change that does not indicate the direction of the possible change, in the rating accorded any securities of the Company or any of its subsidiaries by any “nationally recognized statistical rating organization” as such term is defined for purposes of Section 3(a)(62) of the Exchange Act.

  • No Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Material Adverse Effect.

  • Absence of Material Adverse Changes No material adverse change in the business, assets, financial condition, or prospects of the Company shall have occurred, no substantial part of the assets of the Company not substantially covered by insurance shall have been destroyed due to fire or other casualty, and no event shall have occurred which has had or will have a material adverse effect on the business, assets, financial condition or prospects of the Company.

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