Client Adverse Effect definition

Client Adverse Effect means the occurrence of either of the following events or circumstances at any time after the date of this Agreement: (i) the termination, or substantial reduction or alteration, of any relationship between any Artist, on the one hand, and the Companies or the Business, on the other hand; or (ii) the receipt by any member of the Seller Group of any notice, indication, expression of intent or other communication (whether written, oral or otherwise), by or on behalf of any Artist, that the Artist will terminate or substantially reduce or alter his or her relationship with the Companies or the Business.
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Examples of Client Adverse Effect in a sentence

  • Without limiting the generality of Section 6.1(g) hereof, there shall not have occurred any Client Adverse Effect which the Parent determines, in its sole but reasonable discretion, would be materially detrimental to the operations, business, condition (financial or otherwise) or prospects of the Companies.

  • The Sellers and the Principals shall promptly give the Parent written notice of each and every Client Adverse Effect, if any, that may occur prior to the Closing, with such notice to be given in writing within one day of any of the Sellers, the Companies or the Principals learning of such Client Adverse Effect and in any event not less than one day before the Closing.

  • Anything to the contrary notwithstanding, in the event that, prior to the Closing, the Seller Group has made written disclosure to the Parent of a Client Adverse Effect as required by Section 5.19 hereof, and the Parent Group elects to consummate the Closing notwithstanding such Client Adverse Effect, the Parent Indemnitees shall not be entitled to recover any Losses which arise solely from, or which are attributable solely to, such Client Adverse Effect.