Substantially prejudicial effect definition
Substantially prejudicial effect. : means the direct and/or indirect consequence of a Significant Event, a fact, a circumstance that can: (i) negatively and significantly affect the Borrower’s legal, equity, financial, economic, administrative or technical situation or its production capacity or its prospects; or (ii) result in serious prejudice to the Bank’s credit rating; or (iii) compromise, in the reasonable and reasoned opinion of the Bank, the prospects for the Loan’s repayment;