Material Adverse Change

Material Adverse Change. Any of the following: (i) a material adverse change in the business, operations, or financial or other condition of the Borrower, or (ii) a material impairment of the prospect of repayment of any portion of the Obligations; or (iii) a material impairment of the value or priority of Silicon's security interests in the Collateral

Material Adverse Change. A material adverse change in the business, operations, affairs, prospects, or condition (financial or otherwise) of the Company

Material Adverse Change. Means any change or effect (or any condition, event or development involving a prospective change or effect) in the affairs, business, operations, results of operations, assets, capitalization, financial condition, licenses, permits, concessions, rights, liabilities, prospects or privileges, whether contractual or otherwise (in this definition collectively referred to as 'business'), of DGL or Buyer and their respective Subsidiaries including, without limitation, any regulatory restrictions,... limitations on the business or any breaches of material agreements including, without limitation, this Agreement or Laws which is or could reasonably be expected to be materially adverse to the business of DGL or Buyer and the Subsidiaries considered as a whole, or to the value of the Equity Interests to Buyer other than such changes or effects that are the direct result of events outside of the control of Sellers and/or any of its Affiliates provided that Sellers and/or its Affiliates, as applicable, have made reasonable commercial efforts to prevent such changes or effects and, for greater certainty, shall exclude without limitation, such changes or effects resulting directly from general economic conditions or from financial, currency exchange rate and general securities or commodity market conditions (including, without limitation, commodity price fluctuations) that are outside the control of Seller and/or any of its Affiliates View More

Material Adverse Change. Any change in or effect on the Assets or the Business that is, individually or in the aggregate, materially adverse to the Business, Assets or the operation, prospects, condition (financial or otherwise) or results of the Business or Assets

Material Adverse Change. Means any material adverse effect on (a) the assets, liabilities, financial condition, business or operations of the Borrower from those reflected in the most current financial statements provided by the Borrower to the Bank or from the facts represented or warranted in this Agreement, any other Loan Document or any other document delivered to the Bank pursuant to this Agreement, (b) the ability of the Borrower to carry out its respective business as of the closing date or to meet or perform... its Obligations under this Agreement or any of the other Loan Documents on a timely basis, or (c) the amount which the Bank would be likely to receive (after giving consideration to delays in payment and costs of enforcement) in a liquidation of the collateral, taken as a whole, granted, mortgaged, assigned or pledged to the Bank under the Loan Documents. View More

Material Adverse Change. The term "material adverse change" when used with respect to ISLAND shall mean any change, effect, circumstance or event that is materially adverse to the business, assets, operations or financial condition of ISLAND other than as a result of (i) changes, conditions or events that are generally applicable to the industry in which ISLAND conducts business, (ii) seasonal fluctuations in the performance of ISLAND or (iii) the effects including, without limitation, effects on relations and business... with customers, suppliers and employees, of any of the transactions contemplated by this Agreement. View More

Material Adverse Change. Means a material adverse change after the date hereof in the business, operations or condition (financial or otherwise) of Borrower.

Material Adverse Change. Shall mean, (a) with respect to the Company, a change that, to a material, significant, important degree, or considerable extent is unfavorable or antagonistic in purpose or effect to the business, condition, properties, assets, liabilities, operations, financial performance or net income, of the Company and its subsidiaries, taken as a whole; provided that any change resulting from (i) any change in the macro-economic, political, legislative or regulatory conditions generally; (ii) any change... or conditions affecting financial markets (including currency, credit, securities or commodities markets); (iii) any change or conditions affecting the industry in which the Company or its subsidiaries operate; (iv) any change in the accounting required by the Commission or the Public Company Accounting Oversight Board to be implemented by the Company; (v) the announcement, declaration, commencement, occurrence, continuation or threat of any act or acts of war, sabotage, terrorism or other acts of hostility or any natural disaster or other public emergency or crisis; or (vi) the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby or the announcement hereof, shall not be considered when determining if a Material Adverse Change has occurred or would reasonably be expected to occur; and (b) with respect to the Company ́s Common Stock, a delisting. View More

Material Adverse Change. Any change (or any condition, event or development involving, or reasonably likely to result in, a prospective change) in the Purchased Assets or in the operations, results of operations, assets, financial condition, Contracts, rights, liabilities, prospects or privileges, whether contractual or otherwise, of the Seller, which, in either case, is materially adverse to the Purchased Assets or the operation thereof

Material Adverse Change. Any condition or event that has caused a material adverse effect on the business, operations, property or condition (financial or otherwise) or prospects of Borrower and its Subsidiaries (taken as a whole) to the extent that it causes Borrower to be in breach of one or more of the financial covenants in Section 5.23