Material Adverse Effect

Material Adverse Effect. Any event, change or effect that is or would reasonably be expected to be materially adverse to the assets, liabilities, condition (financial or other), business or, results of operations of the Company and its Subsidiaries, taken as a whole, other than any event, change or effect relating to or resulting from: (a) the announcement or other disclosure of this Agreement or the transactions contemplated herein; (b) conditions or changes in the general economic, business or financial environment... which do not affect the Company and its Subsidiaries or the industries in which the Company and its Subsidiaries operates in a disproportionate manner; (c) an act of terrorism or an outbreak or escalation of hostilities or war (whether declared or not declared) or any natural disasters or any national or international calamity or crisis affecting the United States; (d) actions taken by the Purchasers that are contemplated by this Agreement or the performance of obligations under this Agreement; (e) changes in Legal Requirements which do not affect the Company and its Subsidiaries or the industries in which the Company and its Subsidiaries operates in a disproportionate manner; or (f) changes in United States generally accepted accounting principles ("GAAP") which do not affect the Company disproportionately View More

Material Adverse Effect. Any condition or circumstance which has had, or could reasonably be expected to have, a material adverse effect on (i) the property, nature of assets, business, results of operations, prospects, performance, liabilities or condition (financial or otherwise) of the Borrower; (ii) the rights or remedies of the Holder hereunder, (iii) the ability of the Borrower to perform its obligations hereunder or otherwise in connection with the Loan, or (v) the validity or enforceability of any of this Note

Material Adverse Effect. Means a fact, circumstance, change or event that (individually or in the aggregate with all such other facts, circumstances, changes or events) is materially adverse to the business, operations, results of operations, cash flow, revenue, assets, liabilities, obligations (whether absolute, accrued, conditional or otherwise) or condition (financial or otherwise) of the Borrower and its subsidiaries on a consolidated basis, other than a change, event, violation, inaccuracy or circumstance: (i)... relating to the global economy or securities markets in general; (ii) resulting from conditions affecting the cannabis industry as a whole; (iii) resulting from general economic, financial, currency exchange, securities or commodity market conditions in Canada; or (iv) resulting from the rate at which Canadian dollars or United States dollars can be exchanged for any foreign currency View More

Material Adverse Effect. Any set of circumstances or events that (a) has or would reasonably be expected to have any material adverse effect upon the validity or enforceability of any provision of this Agreement or any other Loan Document, (b) is or would reasonably be expected to be material and adverse to the condition (financial or otherwise) or business operations of the applicable Borrower and its subsidiaries, (c) materially impairs or would reasonably be expected to materially impair the ability of the... applicable Borrower to perform its obligations hereunder or under any other Loan Document, or (d) materially impairs or would reasonably be expected to materially impair the ability of the applicable Lender to enforce any of its legal remedies pursuant to this Agreement or any other Loan Document View More

Material Adverse Effect. Any change in or effect on the business of a company that, individually or in the aggregate (taking into account all other such changes or effects), is, or is reasonably likely to be, materially adverse to the business, assets, liabilities, financial condition or results of operations of said company, taken as a whole, except to the extent any such change or effect results from or is attributable to changes in general economic conditions or changes affecting the industry generally in which said... company operates (provided that such changes do not affect the Company in a materially disproportionate manner). View More

Material Adverse Effect. Means a material adverse effect on (i) the business, assets, property, operations, condition (financial or otherwise), or prospects, of an Obligor (individually or taken as a whole), (ii) the ability of an Obligor to pay or perform the Indebtedness, (iii) any of the rights of or benefits available to Lender under the Loan Documents, or (iv) the validity or enforceability of the Loan Documents.

Material Adverse Effect. Any material adverse change in the condition, financial or otherwise, or in the earnings, business or operations of the Company and its subsidiaries, taken as a whole

Material Adverse Effect. Any event, matter, condition or circumstance which (i) has or would reasonably be expected to have a material adverse effect on the business, properties, operations, condition (financial or otherwise) or prospects of the Company and its Subsidiaries, taken as a whole; (ii) would materially impair the ability of the Company or any other Person to perform or observe their respective obligations under or in respect of this Note; (iii) would materially impair the rights and remedies of Holder under... this Note; or (iv) affects the legality, validity, binding effect or enforceability of this Note. View More

Material Adverse Effect. Shall mean a material adverse effect on the Company and its subsidiaries, including the Operating Company, taken as a whole.

Material Adverse Effect. Means (a) a material adverse change in, or a material adverse effect upon, the financial condition, operations, assets, business or properties of the Party in question and its Subsidiaries, taken as a whole, (b) a material impairment of the ability of the Party in question to perform any of its obligations under any material provision of any funding Document, or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against the Party in question of any... material provision of any Funding Document. View More