OIL MAE definition
OIL MAE means any circumstance, change, development, condition or event that (a) with respect to OIL would or is reasonably likely to have, individually or in the aggregate, a material adverse effect on the Assets, business, financial condition or results of operations of OIL and its Subsidiaries, taken as a whole, or (b) materially impairs, prevents or delays the ability of OIL to consummate the Share Exchange, the Merger and the other Transactions to be performed or consummated by OIL pursuant to this Agreement; provided, however, that any effect resulting or arising from or relating to an OTI MAE will not be considered when determining whether an OIL MAE has occurred or would reasonably be expected to occur.
Examples of OIL MAE in a sentence
Neither OIL nor any of its Assets is subject to any Order that has had or would reasonably be expected to have, individually or in the aggregate, an OIL MAE.
None of such Permits will lapse, terminate, expire or otherwise be impaired as a result of the consummation of the Transactions, except as would not reasonably be expected to have, individually or in the aggregate, an OIL MAE.
Except as has not had and would not reasonably be expected to have, individually or in the aggregate, an OIL MAE, OIL has not received any written notice from any Person alleging non-compliance with any such Permit.