Common use of Notice of Material Adverse Change Clause in Contracts

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will result in a material adverse change in its financial condition, business operations, prospects, product development, technology, or business or contractual relations with third parties of Debtor, or (b) which would impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, or (c) which would impair the ability of Secured Party to enforce the Indebtedness or realize upon the Collateral.

Appears in 3 contracts

Samples: Master Security Agreement (Acusphere Inc), Master Security Agreement (Acusphere Inc), Master Security Agreement (Acusphere Inc)

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Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will may result in a material adverse change in its financial condition, business operations, prospects, product development, technology, condition or business or contractual relations with third parties operations of Debtor, or (b) which would impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, or (c) which would impair the ability of Secured Party to enforce the Indebtedness or realize upon the Collateral.; Oxford Initial Here: Master Security Agreement No. 5081102

Appears in 2 contracts

Samples: Master Security Agreement (Codexis Inc), Master Security Agreement (Codexis Inc)

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will may result in a material adverse change in its financial condition, condition or business operations, prospects, product development, technology, technology or business or contractual relations with third parties of which, in Debtor’s reasonable opinion, or (b) which would may reasonably be expected to impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, party or (c) which would impair the ability of Secured Party to enforce the Indebtedness or realize upon the CollateralCollateral (a “Material Adverse Change”).

Appears in 2 contracts

Samples: Master Security Agreement, Master Security Agreement (Vical Inc)

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will may result in a material adverse change in its financial condition, business operations, prospects, product development, technology, or business operations or contractual relations with third parties of Debtor, or (b) which would impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, or (c) which would impair the ability of Secured Party to enforce the Indebtedness or realize upon the Collateral.

Appears in 1 contract

Samples: Master Security Agreement (Tengion Inc)

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will may result in a material adverse change in its financial condition, business operations, prospects, product development, technology, or business or contractual relations with third parties of Debtor, or (b) Debtor which would impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, party or (c) which would impair the ability of Secured Party to enforce the Indebtedness or realize upon the Collateral.

Appears in 1 contract

Samples: Master Security Agreement (Omeros Corp)

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will is likely to result in a material adverse change in its financial condition, business operations, prospects, product development, technology, or business or contractual relations with third parties of Debtor, or (b) which would impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, or (c) which would impair the ability of Secured Party to enforce the Indebtedness or realize upon the Collateral.

Appears in 1 contract

Samples: Master Security Agreement (Alsius Corp)

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will may likely result in a material adverse change (i) in its the financial condition, business operations, prospects, product development, technology, condition or business or contractual relations with third parties operations of Debtor, or (b) Debtor which would impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, Debt Documents or (cii) which would impair to the ability of Secured Party to enforce the Indebtedness or realize upon the Collateral.;

Appears in 1 contract

Samples: Master Security Agreement (Robcor Properties Inc)

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will may result in a material adverse change in its financial condition, business operations, prospects, product development, technology, or business or contractual relations with third parties of Debtor, or (b) which would materially impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, or (c) which would impair the ability of Secured Party to enforce the Indebtedness or realize upon the Collateral.

Appears in 1 contract

Samples: Master Security Agreement (Ironwood Pharmaceuticals Inc)

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will may result in a material adverse change in its financial condition, business operations, prospects, product development, technology, or business or contractual relations with third parties of Debtor, or (b) Debtor which change would impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, Debt Documents or (c) which would impair the ability of Secured Party to enforce the Indebtedness or realize upon the CollateralCollateral (a “Material Adverse Change”).

Appears in 1 contract

Samples: Master Security Agreement (Genomic Health Inc)

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Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will result in a material adverse change in its financial condition, business operations, prospects, product development, technology, or business or contractual relations with third parties of Debtor, or (b) which would impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a partyhereunder, or (c) which would impair the ability of Secured Party to enforce the Indebtedness or realize upon the Collateral.

Appears in 1 contract

Samples: Master Security Agreement (Pharmacopeia Drug Discovery Inc)

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will may result in a material adverse change in its financial condition, business operations, prospects, product development, technology, or business or contractual relations with third parties of Debtor, or (b) which would impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, or (c) which would impair the ability of Secured Party to enforce the Indebtedness or realize upon the Collateral.

Appears in 1 contract

Samples: Master Security Agreement (Biolex, Inc.)

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will may reasonably be expected to result in a material adverse change in its financial condition, condition or business operations, prospects, product development, technology, or business or contractual relations with third parties of Debtor, or (b) which would impair in a material manner the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a partyDebt Documents, or (c) which would impair in a material manner the ability of Secured Party to enforce the Indebtedness or realize upon the Collateral.

Appears in 1 contract

Samples: Master Security Agreement (Alnylam Pharmaceuticals, Inc.)

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will would reasonably be expected to result in a material adverse change in its financial condition, condition or business operations, prospects, product development, technology, or business or contractual relations with third parties of Debtor, or (b) which would materially impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, or (c) which would materially impair the ability of Secured Party to enforce the Indebtedness or realize upon the CollateralCollateral in accordance herewith.

Appears in 1 contract

Samples: Master Security Agreement (Athenahealth Inc)

Notice of Material Adverse Change. Debtor shall give the Secured Party prompt written notice of any event, occurrence or other matter which (a) has resulted or will may result in a material adverse change in its financial condition, business operations, prospects, product development, technology, or business or contractual relations with third parties of Debtor, or (b) Debtor which would impair the ability of Debtor to perform its material obligations hereunder or under any of the other financing agreements to which it is a party, party or (c) which would impair the ability of Secured Party to enforce the Indebtedness or realize upon the Collateral.

Appears in 1 contract

Samples: Master Security Agreement (Reply! Inc)

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