Material Adverse Change

Material Adverse Change. Means a material adverse change in the business, affairs, operations, assets, liabilities, prospects, results of operations or the financial condition of the Company Business.

Material Adverse Change. 13.4

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

Material Adverse Change. Means any condition or event that has or has caused a material adverse effect on the business, operations, property, condition (financial or otherwise) or prospects of Borrower and its Subsidiaries (taken as a whole), but only if such material adverse effect could reasonably be expected to result in an Event of Default or Potential Default hereunder.