Material Adverse Information definition
Material Adverse Information means information relating to any occurrence that is materially adverse as to the business, properties or financial condition of the Company, but does not include information relating to the economy or financial markets generally or the Company’s industry generally unless such information relating to the economy or financial markets would have a disproportionate effect on the Company.
Material Adverse Information has the meaning assigned in Section 5(c) hereof.
Material Adverse Information has the meaning set forth in Section 10(a)(iii).
Examples of Material Adverse Information in a sentence
For purposes of this Section 5(c), "Material Adverse Information" means information relating to any occurrence that is materially adverse as to the business, properties or financial condition of the Company, but does not include information relating to the economy or financial markets generally or the Company's industry generally unless such information relating to the economy or financial markets would have a disproportionate effect on the Company.
More Definitions of Material Adverse Information
Material Adverse Information means information concerning the Company relating to (x) litigation, including asserted written claims or demands against the Company, where the reasonably determined liability of the Company is likely to result in injunctive relief or which will materially impair the operations or financial condition of the Company, or (y) the occurrence of any other event or series of events affecting the Company, the collective and aggregate adverse impact of which has or will have a materially adverse effect on the Company, or that the consummation of the Transaction will or is likely to result in a material adverse consequence to either the Company or the Buyer. Notwithstanding the foregoing, a termination pursuant to this Section 10(a)(iii) shall not trigger any obligation of Seller to pay to Buyer a Break Up Amount pursuant to Section 10(c)(ii).