Material Adverse Effect Definition Example

Material Adverse Effect. Means a material adverse effect on (i) the business, assets, operations, prospects or financial or other condition of the Issuer and its Subsidiaries, taken as a whole; (ii) the ability of the Issuer to pay or perform the Obligations in accordance with the terms of this Note and the other Transaction Documents and to avoid an Event of Default, or an event which, with the giving of notice or the passage of time or both, would constitute an Event of Default, under any Transaction Document; or... (iii) the rights and remedies of Purchaser under this Note, the other Transaction Documents or any related document, instrument or agreement. View More