Definition of PPDA Material Adverse Effect


PPDA Material Adverse Effect means any event, change, occurrence, effect, fact or circumstance having, or would reasonably be expected to have a material adverse effect on (i) the ability of PPDA or Purchaser to perform its obligations under this Agreement or to consummate the transactions contemplated hereby, or (ii) the business, properties, assets, liabilities, prospects, results of operations or condition (financial or otherwise) of PPDA and its subsidiaries (taken as a whole), other than events, changes, occurrences, effects, facts or circumstances affecting the industry or the economy in general, and not specifically relating to PPDA or its subsidiaries, and other than events, changes, occurrences, effects, facts or circumstances resulting from this Agreement, the transactions contemplated hereby or the announcement thereof.
Sample 1

Examples of PPDA Material Adverse Effect in a sentence

PPDA is duly qualified and in good standing to transact business as a foreign corporation in each jurisdiction in which the ownership or use of its assets and properties and the conduct of its business requires such qualification, except such jurisdictions, individually or in the aggregate, in which the failure to be so qualified does not have, and would not be reasonably expected to have, a PPDA Material Adverse Effect.
To the Knowledge of the PPDA and Purchaser, no event has occurred and no circumstance, matter or set of facts exists which would constitute a valid basis for the assertion by any third party of any claim or Action against any party which could reasonably be expected to have a PPDA Material Adverse Effect.