Common use of Material Adverse Change Clause in Contracts

Material Adverse Change. 9 8.4 Attachment....................................... 9 8.5 Insolvency....................................... 10 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 .......................................................10 8.5 Insolvency....................................... .......................................................10 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 ......................................................... 10 8.5 Insolvency....................................... 10 ......................................................... 11 8.6

Material Adverse Change. 9 16 8.4 Attachment....................................... 9 .................................................... 16 8.5 Insolvency....................................... 10 .................................................... 17 8.6

Material Adverse Change. 9 11 8.4 Attachment....................................... 9 ......................................................... 11 8.5 Insolvency....................................... 10 ......................................................... 11 8.6

Material Adverse Change. 9 8.4 Attachment....................................... 9 ..................................................10 8.5 Insolvency....................................... ..................................................10 8.6

Material Adverse Change. 9 18 8.4 Attachment....................................... 9 ................................................. 18 8.5 Insolvency....................................... 10 ................................................. 18 8.6

Material Adverse Change. 9 14 8.4 Attachment....................................... 9 ................................................................14 8.5 Insolvency....................................... 10 ................................................................14 8.6

Material Adverse Change. 9 8.4 Attachment....................................... ......................................................................................9 8.5 Insolvency....................................... 10 ......................................................................................9 8.6

Material Adverse Change. 9 18 8.4 Attachment....................................... 9 ..................................................18 8.5 Insolvency....................................... 10 ..................................................18 8.6

Material Adverse Change. 9 13 8.4 Attachment....................................... 9 Attachment .................................................... 13 8.5 Insolvency....................................... 10 Insolvency .................................................... 13 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 ............................................................ 11 8.5 Insolvency....................................... 10 ............................................................ 11 8.6

Material Adverse Change. 9 19 8.4 Attachment....................................... 9 ................................................. 19 8.5 Insolvency....................................... 10 ................................................. 19 8.6

Material Adverse Change. 9 21 8.4 Attachment....................................... 9 .................................................................................................21 8.5 Insolvency....................................... 10 .................................................................................................21 8.6

Material Adverse Change. 9 16 8.4 Attachment....................................... 9 .................................................................................... 16 8.5 Insolvency....................................... 10 8.6.................................................................................... 17

Material Adverse Change. 9 17 8.4 Attachment....................................... 9 Attachment ................................................. 17 8.5 Insolvency....................................... 10 Insolvency ................................................. 17 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 ......................................................................10 8.5 Insolvency....................................... 10 ......................................................................11 8.6

Material Adverse Change. 9 18 8.4 Attachment....................................... 9 ......................................................... 18 8.5 Insolvency....................................... 10 ......................................................... 18 8.6

Material Adverse Change. 9 16 8.4 Attachment....................................... 9 .................................................................. 16 8.5 Insolvency....................................... 10 .................................................................. 16 8.6

Material Adverse Change. 9 11 8.4 Attachment....................................... 9 .......................................... 11 8.5 Insolvency....................................... 10 .......................................... 11 8.6

Material Adverse Change. 9 11 8.4 Attachment....................................... 9 .................................................................. 11 8.5 Insolvency....................................... 10 .................................................................. 11 8.6

Material Adverse Change. 9 19 8.4 Attachment....................................... 9 ............................................. 19 8.5 Insolvency....................................... 10 ............................................. 20 8.6

Material Adverse Change. 9 11 8.4 Attachment....................................... 9 .........................................................12 8.5 Insolvency....................................... 10 .........................................................12 8.6

Material Adverse Change. 9 18 8.4 Attachment....................................... 9 ..................................................... 18 8.5 Insolvency....................................... 10 ..................................................... 18 8.6

Material Adverse Change. 9 12 8.4 Attachment....................................... 9 ............................................................12 8.5 Insolvency....................................... 10 ............................................................13 8.6

Material Adverse Change. 9 15 8.4 Attachment....................................... 9 ............................................................................... 15 8.5 Insolvency....................................... 10 ............................................................................... 15 8.6

Material Adverse Change. 9 29 8.4 Attachment....................................... 9 ..................................................... 29 8.5 Insolvency....................................... 10 8.6..................................................... 29 -ii- TABLE OF CONTENTS

Material Adverse Change. 9 8.4 Attachment....................................... ...................................................................... 9 8.5 Insolvency....................................... 10 ...................................................................... 9 8.6

Material Adverse Change. 9 8.4 8.3. Attachment....................................... 9 8.5 ................................................................ 8.4. Insolvency....................................... 10 8.6................................................................ 8.5.

Material Adverse Change. 9 18 8.4 Attachment....................................... 9 ................................................ 18 8.5 Insolvency....................................... 10 ................................................ 19 8.6

Material Adverse Change. 9 21 8.4 Attachment....................................... 9 ...............................................................21 8.5 Insolvency....................................... 10 ...............................................................21 8.6

Material Adverse Change. 9 8.4 14 7.4 Attachment....................................... 9 8.5 ......................................................... 14 7.5 Insolvency....................................... 10 8.6......................................................... 14 7.6

Material Adverse Change. 9 20 8.4 Attachment....................................... 9 Attachment ................................................. 21 8.5 Insolvency....................................... 10 Insolvency ................................................. 21 8.6

Material Adverse Change. 9 12 8.4 Attachment....................................... 9 .............................................................. 13 8.5 Insolvency....................................... 10 8.6.............................................................. 13

Material Adverse Change. 9 13 8.4 Attachment....................................... 9 Attachment .................................................. 14 8.5 Insolvency....................................... 10 Insolvency .................................................. 14 8.6

Material Adverse Change. 9 21 8.4 Attachment....................................... 9 ............................................................... 21 8.5 Insolvency....................................... 10 ............................................................... 21 8.6

Material Adverse Change. 9 18 8.4 Attachment....................................... 9 ..................................................................18 8.5 Insolvency....................................... 10 ..................................................................18 8.6

Material Adverse Change. 9 22 8.4 Attachment....................................... 9 .................................................................................... 22 8.5 Insolvency....................................... 10 .................................................................................... 22 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 ..........................................................10 8.5 Insolvency....................................... 10 8.6..........................................................10

Material Adverse Change. 9 21 8.4 Attachment....................................... 9 ..................................................21 8.5 Insolvency....................................... 10 ..................................................22 8.6

Material Adverse Change. 9 20 8.4 Attachment....................................... 9 ..................................................20 8.5 Insolvency....................................... 10 ..................................................20 8.6

Material Adverse Change. 9 17 8.4 Attachment....................................... 9 .................................... 17 8.5 Insolvency....................................... 10 .................................... 17 8.6

Material Adverse Change. 9 8.4 13 7.4 Attachment....................................... 9 8.5 .................................................... 13 7.5 Insolvency....................................... 10 8.6.................................................... 14 7.6

Material Adverse Change. 9 20 8.4 Attachment....................................... 9 .................................................................. 20 8.5 Insolvency....................................... 10 .................................................................. 21 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 Attachment ........................................................ 10 8.5 Insolvency....................................... 10 Insolvency ........................................................ 11 8.6

Material Adverse Change. 9 11 8.4 Attachment....................................... 9 Attachment ........................................................ 11 8.5 Insolvency....................................... 10 8.6Insolvency ........................................................ 12

Material Adverse Change. 9 17 8.4 Attachment....................................... 9 ......................................................... 17 8.5 Insolvency....................................... 10 ......................................................... 17 8.6

Material Adverse Change. 9 18 8.4 Attachment....................................... 9 ........................................................... 19 8.5 Insolvency....................................... 10 ........................................................... 19 8.6

Material Adverse Change. 9 17 8.4 Attachment....................................... 9 ................................................. 17 8.5 Insolvency....................................... 10 ................................................. 18 8.6

Material Adverse Change. 9 21 8.4 Attachment....................................... 9 ......................................................... 21 8.5 Insolvency....................................... 10 ......................................................... 22 8.6

Material Adverse Change. 9 8.4 Attachment....................................... .........................................................9 8.5 Insolvency....................................... 10 .........................................................9 8.6

Material Adverse Change. 9 21 8.4 Attachment....................................... 9 ................................................... 21 8.5 Insolvency....................................... 10 ................................................... 21 8.6

Material Adverse Change. 9 8.4 10 7.4 Attachment....................................... 9 8.5 ......................................................... 10 7.5 Insolvency....................................... ......................................................... 10 8.67.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 ..................................................................................... 10 8.5 Insolvency....................................... ..................................................................................... 10 8.6

Material Adverse Change. 9 23 8.4 Attachment....................................... 9 .................................................. 23 8.5 Insolvency....................................... 10 .................................................. 23 8.6

Material Adverse Change. 9 21 8.4 Attachment....................................... 9 ................................................ 21 8.5 Insolvency....................................... 10 ................................................ 21 8.6

Material Adverse Change. 9 18 8.4 Attachment....................................... 9 .................................... 18 8.5 Insolvency....................................... 10 .................................... 18 8.6

Material Adverse Change. 9 11 8.4 Attachment....................................... 9 ......................................................................11 8.5 Insolvency....................................... 10 ......................................................................12 8.6

Material Adverse Change. 9 34 8.4 Attachment....................................... 9 . ...................................................................................................................34 8.5 Insolvency....................................... 10 . .....................................................................................................................34 8.6

Material Adverse Change. 9 8 8.4 Attachment....................................... 9 ............................................................. 8 8.5 Insolvency....................................... 10 ............................................................. 8 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 .....................................................................................10 8.5 Insolvency....................................... .....................................................................................10 8.6

Material Adverse Change. 9 8.4 16 8.4. Attachment....................................... 9 8.5 ...................................................... 16 8.5. Insolvency....................................... 10 ...................................................... 17 8.6.

Material Adverse Change. 9 11 8.4 Attachment....................................... 9 ......................................................11 8.5 Insolvency....................................... 10 ......................................................11 8.6

Material Adverse Change. 9 22 8.4 Attachment....................................... 9 ....................................................... 22 8.5 Insolvency....................................... 10 ....................................................... 23 8.6

Material Adverse Change. 9 20 8.4 Attachment....................................... 9 ................................................21 8.5 Insolvency....................................... 10 ................................................21 8.6

Material Adverse Change. 9 8.4 Attachment....................................... ....................................................................... 9 8.5 Attachment....................................................................... 9 8.5 Insolvency....................................... 10 ....................................................................... 9 8.6

Material Adverse Change. 9 21 8.4 Attachment....................................... 9 ........................................................ 21 8.5 Insolvency....................................... 10 ........................................................ 22 8.6

Material Adverse Change. 9 16 8.4 Attachment....................................... 9 ................................................. 16 8.5 Insolvency....................................... 10 ................................................. 17 8.6

Material Adverse Change. 9 25 8.4 Attachment....................................... 9 .......................................... 25 8.5 Insolvency....................................... 10 .......................................... 25 8.6

Material Adverse Change. 9 18 8.4 Attachment....................................... 9 ..............................................................................18 8.5 Insolvency....................................... 10 ..............................................................................19 8.6

Material Adverse Change. 9 13 8.4 Attachment....................................... 9 ................................................................ 13 8.5 Insolvency....................................... 10 ................................................................ 13 8.6

Material Adverse Change. 9 19 8.4 Attachment....................................... 9 ......................................................... 19 8.5 Insolvency....................................... 10 ......................................................... 19 8.6

Material Adverse Change. 9 11 8.4 Attachment....................................... 9 ......................................................................12 8.5 Insolvency....................................... 10 ......................................................................12 8.6

Material Adverse Change. 9 8.4 10 7.4 Attachment....................................... 9 8.5 ..................................................... 10 7.5 Insolvency....................................... 10 8.6..................................................... 11 7.6

Material Adverse Change. 9 15 8.4 Attachment....................................... 9 ..............................................................15 8.5 Insolvency....................................... 10 ..............................................................15 8.6

Material Adverse Change. 9 13 8.4 Attachment....................................... 9 ..................................................................................... 14 8.5 Insolvency....................................... 10 ..................................................................................... 14 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 ......................................................................10 8.5 Insolvency....................................... ......................................................................10 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 .............................................................................. 10 8.5 Insolvency....................................... .............................................................................. 10 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 ............................................................. 11 8.5 Insolvency....................................... 10 ............................................................. 11 8.6

Material Adverse Change. 9 15 8.4 Attachment....................................... 9 ............................................ 15 8.5 Insolvency....................................... 10 ............................................ 15 8.6

Material Adverse Change. 9 12 8.4 Attachment....................................... 9 ............................................... 12 8.5 Insolvency....................................... 10 ............................................... 12 8.6

Material Adverse Change. 9 8.4 14 8.5 Attachment....................................... 9 8.5 ........................................................................... 14 8.6 Insolvency....................................... 10 8.6........................................................................... 15 8.7 Litigation........................................................................... 15 8.8

Material Adverse Change. 9 8.4 Attachment....................................... ........................................................ 9 8.5 Insolvency....................................... 10 ........................................................ 9 8.6

Material Adverse Change. 9 17 8.4 Attachment....................................... 9 ..................................................17 8.5 Insolvency....................................... 10 ..................................................17 8.6

Material Adverse Change. 9 11 8.4 Attachment....................................... 9 .....................................................11 8.5 Insolvency....................................... 10 8.6.....................................................11

Material Adverse Change. 9 17 8.4 Attachment....................................... 9 ....................................................... 17 8.5 Insolvency....................................... 10 ....................................................... 17 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 .....................................................................................10 8.5 Insolvency....................................... 10 .....................................................................................11 8.6

Material Adverse Change. 9 15 8.4 Attachment....................................... 9 ........................................... 15 8.5 Insolvency....................................... 10 ........................................... 16 8.6

Material Adverse Change. 9 12 8.4 Attachment....................................... 9 .................................................. 12 8.5 Insolvency....................................... 10 .................................................. 12 8.6

Material Adverse Change. 9 19 8.4 Attachment....................................... 9 ................................................... 19 8.5 Insolvency....................................... 10 ................................................... 19 8.6

Material Adverse Change. 9 12 8.4 Attachment....................................... 9 ................................................................................................ 12 8.5 Insolvency....................................... 10 ................................................................................................ 12 8.6

Material Adverse Change. 9 12 8.4 Attachment....................................... 9 ...................................................... 12 8.5 Insolvency....................................... 10 ...................................................... 12 8.6

Material Adverse Change. 9 11 8.4 Attachment....................................... 9 .................................................................................11 8.5 Insolvency....................................... 10 8.6.................................................................................11

Material Adverse Change. 9 17 8.4 Attachment....................................... 9 .................................................. 17 8.5 Insolvency....................................... 10 .................................................. 17 8.6

Material Adverse Change. 9 8.4 Attachment....................................... ........................................................... 9 8.5 Insolvency....................................... ........................................................... 10 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 .............................................................................................10 8.5 Insolvency....................................... 10 8.6.............................................................................................10

Material Adverse Change. 9 12 8.4 Attachment....................................... 9 ........................................................12 8.5 Insolvency....................................... 10 ........................................................12 8.6

Material Adverse Change. 9 22 8.4 Attachment....................................... 9 ................................................. 22 8.5 Insolvency....................................... 10 ................................................. 23 8.6

Material Adverse Change. 9 10 8.4 Attachment....................................... 9 ................................................................... 11 8.5 Insolvency....................................... 10 ................................................................... 11 8.6

Material Adverse Change. 9 37 8.4 Attachment....................................... 9 .....................................................................................37 8.5 Insolvency....................................... 10 .....................................................................................37 8.6