Material Adverse Occurrence definition
Material Adverse Occurrence means any occurrence which materially adversely affects the present or prospective financial condition or operations of the Borrower, or which impairs, or may impair, in the Lender's reasonable judgment, the ability of the Borrower to perform its obligations under the Loan Documents.
Material Adverse Occurrence means any occurrence of whatsoever nature (including, without limitation, any adverse determination in any litigation, arbitration or governmental investigation or proceeding) which materially impairs the ability of the Borrowers (taken as a whole) to perform their obligations under the Loan Documents.
Material Adverse Occurrence means any occurrence of whatsoever nature (including, without limitation, any adverse determination in any litigation, arbitration or governmental investigation or proceeding) which Lender shall determine, in its sole discretion, could adversely affect the present or prospective financial condition or operations of Borrower or impair the ability of Borrower to perform its obligations under this Agreement or any other Loan Document.
Examples of Material Adverse Occurrence in a sentence
Since December 31, 2024, there has been no Material Adverse Occurrence.
Neither the Borrower nor any Subsidiary is a party to or otherwise bound by any indenture, loan or credit agreement or any lease or other agreement or instrument or subject to any charter, corporate or partnership restriction which could reasonably be expected to constitute a Material Adverse Occurrence.
The Borrower does not have knowledge that it or its property or any Subsidiary or the property of any Subsidiary will become subject to environmental laws or regulations during the term of this Agreement, compliance with which could reasonably be expected to require capital expenditures which could reasonably be expected to constitute a Material Adverse Occurrence.
The Borrower will observe and comply with, and cause each Subsidiary to observe and comply with, all laws, rules, regulations and orders of any government or government agency relating to health, safety, pollution, hazardous materials or other environmental matters to the extent non‑compliance could result in a material liability or otherwise could reasonably be expected to constitute a Material Adverse Occurrence.
Neither the Borrower nor any Subsidiary is in default under or in violation of any such law, statute, rule or regulation, order, writ, judgment, injunction, decree, determination or award in any case in which the consequences of such default or violation could reasonably be expected to constitute a Material Adverse Occurrence, or in violation or breach of any indenture, loan or credit agreement or other agreement, lease or instrument involving an obligation of the Borrower in excess of $500,000.
More Definitions of Material Adverse Occurrence
Material Adverse Occurrence. Any occurrence of whatsoever nature (including, without limitation, any adverse determination in any litigation, arbitration, or governmental investigation or proceeding) which could reasonably be expected to materially and adversely affect: (a) the financial condition or operations of Borrower; (b) the ability of Borrower to perform its obligations under the Loan Documents; (c) the validity or enforceability of the material obligations of Borrower under the Loan Documents; (d) the rights and remedies of the Lender against Borrower; or (e) the timely payment of the principal of and interest on the Loan or other amounts payable by the Borrower hereunder or under any other Loan Document.
Material Adverse Occurrence. Any occurrence of whatsoever nature (including, without limitation, any adverse determination in any litigation, arbitration, or governmental investigation or proceeding) which could reasonably be expected to materially and adversely affect (a) the financial condition or operations of the Borrowers and their Subsidiaries taken as a whole, (b) impair the ability of the Borrowers and their Subsidiaries, taken as a whole, to perform their obligations under any Loan Document, or any writing executed pursuant thereto, (c) the validity or enforceability of the material obligations of any Borrower or any Subsidiary under any Loan Document, (d) the rights and remedies of the Lender against any Borrower or any Subsidiary, (e) the timely payment of the principal of and interest on the Loans or other amounts payable by the Borrowers hereunder, or (f) the validity of the joint and several nature of the obligations of the Borrowers with respect to all of the Obligations.
Material Adverse Occurrence. Any occurrence of whatsoever nature (including, without limitation, any adverse determination in any litigation, arbitration, or governmental investigation or proceeding) which could reasonably be expected to materially and adversely affect (a) the financial condition or operations of the Borrower and its Subsidiaries taken as a whole, (b) the ability of the Borrower to perform its obligations under Loan Documents, (c) the validity or enforceability of the material obligations of the Borrower under the Loan Documents, (d) the rights and remedies of the Banks and the Agent against the Borrower, or (e) the timely payment of the principal of and interest on the Loans or other amounts payable by the Borrower hereunder.
Material Adverse Occurrence means any occurrence of whatsoever nature (including, without limitation, any adverse determination in any litigation, arbitration, or governmental investigation or proceeding), which could reasonably be expected to materially and adversely affect (a) the financial condition or operation of the Issuer and its subsidiaries taken as a whole, (b) impair the ability of the Issuer or any subsidiary to perform its obligations under the Indenture or any writing executed pursuant thereto, (c) the validity or enforceability of the material obligations of the Issuer or any subsidiary under any Indenture Document, (d) the rights and remedies of the Holders or the Trustee against the Issuer hereunder, (e) the timely payment of the principal of and interest on the Notes or other amounts payable by the Issuer hereunder, or (f) the validity of the joint and several nature of the obligations of the Issuer with respect to all of the Obligations.
Material Adverse Occurrence. The occurrence of any event which the Bank, in good faith, determines could reasonably be expected to have a material adverse effect on (a) the business, property, assets, operations or condition, financial or otherwise of either: (i) the Borrower; or (ii) Cellu Tissue and its Subsidiaries, taken as a whole; or (b) the Borrower’s or any other Loan Party’s prospective ability to perform any of its payment or other obligations under the Loan Documents.
Material Adverse Occurrence means any occurrence of whatsoever nature (including, without limitation, any adverse determination in any litigation, arbitration or governmental investigation or proceeding) which Lender shall determine could materially adversely affect the then present or prospective financial condition or operations of Borrower, General Partner or any Guarantor, the availability of the Credits, the value of the Improvements or the Project, or any other material Collateral securing repayment of the Loan, or impair the ability of Borrower, General Partner or any Guarantor to perform its obligations as and when required under any of the Loan Documents, as determined by Lender in its sole discretion.
Material Adverse Occurrence. Any occurrence of whatsoever nature (including, without limitation, any adverse determination in any litigation, arbitration, or governmental investigation or proceeding upon which either (i) an enforcement proceeding shall have been commenced by any creditor upon a judgment or order; or (ii) there shall be any period of ten (10) consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect) which materially and adversely affects (a) the business, assets, properties, liabilities (actual or contingent), operations, condition (financial or otherwise) or prospects of the Borrower and its Subsidiaries taken as a whole, (b) the facts and information regarding the Borrower or any of its Subsidiaries which has been provided to the Bank, (c) the ability of the Borrower to perform its obligations under any of the Loan Documents, (d) the validity or enforceability of the material obligations of the Borrower under any Loan Document, or (e) the rights and remedies of the Bank against the Borrower.