Material Adverse Change Definition Example with 4 Variations

This page contains an example definition of Material Adverse Change, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Material Adverse Change. Is: (i) A material impairment in the perfection or priority of Bank's security interest in the Collateral or in the value of such Collateral; (ii) a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower; (iii) a material impairment of the prospect of repayment of any portion of the Obligations; or (iv) Bank determines, based upon information available to it and in its reasonable judgment, that there is a reasonable likelihood that Borrower... shall fail to comply with one or more of the financial covenants in Section 6 during the next succeeding financial reporting period. View More Arrow
Found in ONESOURCE INFORMATION SERVICES INC contract

Variations

Material Adverse Change. Is: is: (i) A material impairment in the perfection or priority of Bank's security interest in the Collateral or in the value of such Collateral; Collateral other than normal depreciation which is not covered by adequate insurance; (ii) a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower; (iii) a material impairment of the prospect of repayment of any portion of the Obligations; or (iv) Bank determines, based upon information available to... it and in its reasonable judgment, that there is a reasonable likelihood that Borrower shall fail to comply with one or more of the financial covenants in Section 6 during the next succeeding financial reporting period. View More Arrow
Found in ART TECHNOLOGY GROUP INC contract
Material Adverse Change. Is: is: (i) A material impairment in the perfection or priority of Bank's security interest in the Collateral or in the value of such Collateral; (ii) a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower; Borrower and Guarantor taken as a whole; or (iii) a material impairment of the prospect of repayment of any portion of the Obligations; or (iv) Bank determines, based upon information available to it and in its reasonable judgment, that... there is a reasonable substantial likelihood that Borrower shall fail to comply with one or more of the financial covenants in Section 6 during the next succeeding financial reporting period. View More Arrow
Found in LiveWire Mobile, Inc. contract
Material Adverse Change. Is: (i) A is: (a) a material impairment in the perfection or priority of Bank's security interest in the Collateral or in the value of such Collateral; (ii) (b) a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower; (iii) or (c) a material impairment of the prospect of repayment of any portion of the Obligations; or (iv) (d) Bank determines, based upon information available to it and in its reasonable judgment, that there is a reasonable substantial likelihood that Borrower shall fail to comply with one or more of the financial covenants in Section Article 6 during the next succeeding financial reporting period. View More Arrow
Found in Archemix Corp. contract
Material Adverse Change. Is: is: (i) A material impairment in the perfection or priority of Bank's security interest in the Collateral or in the value of such Collateral; Collateral which is not covered by adequate insurance occurs; or (ii) a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower; (iii) a material impairment of the prospect of repayment of any portion of the Obligations; or (iv) Bank determines, based upon information available to it and in its... reasonable judgment, that there is a reasonable likelihood that Borrower shall fail to comply with one or more of the financial covenants in Section 6 during the next succeeding financial reporting period. period; View More Arrow
Found in VIACELL INC contract
All Definitions