Material Disruption Sample Clauses

Material Disruption. To the extent not covered by insurance, as to which the insurer (x) is rated at least “A” by A.M. Best Company, (y) has been notified of the potential claim and (z) does not dispute coverage, (i) any Loan Party is enjoined, restrained or in any way prevented by any Governmental Authority from conducting any material part of its business; (ii) any Loan Party suffers the loss, revocation or termination of any material license, permit, lease or agreement necessary to its business; (iii) there is a cessation of any material part of any Loan Party’s business for a material period of time; or (iv) any material Collateral or Property of any Loan Party is taken or impaired through condemnation; in each case in excess of the Threshold Amount; or
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Material Disruption. Subsequent to the execution of a Terms Agreement and prior to the applicable Settlement Date, no material disruption has occurred in commercial banking or securities settlement or clearance services in the United States. Ratings. Subsequent to the execution of a Terms Agreement and prior to the applicable Settlement Date, the rating assigned by any nationally recognized statistical rating organization to the Company, the Program or any debt securities (including the Notes) of the Issuer or any securities or the counterparty credit rating of the Company as of the date of such Terms Agreement has not been lowered or withdrawn since that date and none of such rating organizations have publicly announced that it has under surveillance or review (with a negative implication) its rating of the Company, the Program or any such debt securities (including the Notes) of the Issuer or any securities or the counterparty credit rating of the Company. If any condition specified in this Section 6 shall not have been fulfilled when and as required to be fulfilled, the applicable Terms Agreement or both the Terms Agreement and this Agreement may be terminated by the applicable Initial Purchaser(s) (which shall be the bookrunning lead manager(s) in connection with a syndicated issue) by notice to the Company and each Indenture Party at any time and any such termination shall be without liability of any party to any other party except as provided in Section 11 hereof and except that Section 9, Section 10, Section 13 and Section 16 hereof shall survive any such termination and remain in full force and effect.
Sample 1
Material Disruption. The absence of any material disruption of or a material adverse change in conditions in the financial, banking or capital markets which the Lender, in its sole discretion, deems material in connection with the transaction contemplated by this Amendment; and
Sample 1
Material Disruption. Neither Group Company has experienced any material disruption in or to its business or operations as a result of:
Sample 1

Related to Material Disruption

  • Material Events any other event occurs or circumstance arises which, in the opinion of the Agent (following consultation with the Banks), is likely materially and adversely to affect either (i) the ability of any Security Party to perform all or any of its obligations under or otherwise to comply with the terms of any of the Security Documents or (ii) the security created by any of the Security Documents; or

  • Material Change in Business Seller shall not make any material change in the nature of its business as carried on at the date hereof.

  • Material Event See Section 3(i) hereof.

  • Material NAV Error A Material NAV Error is an NAV Error that is equal to or greater than ½ of 1% of the correct NAV.

  • Material Project Documents (a) The Borrower shall at all times (i) perform and observe all of the covenants under the Material Project Documents to which it is a party, (ii) take reasonable actions to enforce all of its rights thereunder, and (iii) maintain the Leases to which it or any of its Subsidiaries is a party in full force and effect, except to the extent the same could not reasonably be expected to have a Material Adverse Effect.

  • Adverse Effect Any other action, event, or condition of any nature which could result in a material adverse effect on the business, property, or financial condition of Borrower.

  • Material Disclosures If at any time when a Prospectus is required to be delivered under the Securities Act any event occurs as a result of which, in the opinion of the Company, the Prospectus would include an untrue statement of a material fact or omits to state any material fact necessary to make the statements therein, in light of the circumstances under which they are made, not misleading, the Company will promptly notify the Dealer Manager thereof (unless the information shall have been received from the Dealer Manager) and the Dealer Manager and the Participating Dealers shall suspend the offering and sale of the Offered Shares in accordance with Section 4.13 hereof until such time as the Company, in its sole discretion (a) instructs the Dealer Manager to resume the offering and sale of the Offered Shares and (b) has prepared any required supplemental or amended Prospectus as shall be necessary to correct such statement or omission and to comply with the requirements of the Securities Act.

  • No Material Adverse Change or Ratings Agency Change For the period from and after the date of this Agreement and prior to the Closing Date:

  • No Material Adverse Effect or Ratings Agency Change For the period from and after the date of this Agreement and prior to the Closing Date:

  • Adverse Change A material adverse change occurs in Grantor's financial condition, or Lender believes the prospect of payment or performance of the Indebtedness is impaired.

Time is Money Join Law Insider Premium to draft better contracts faster.