Material Adverse Event

Material Adverse Event. An action, omission, occurrence, circumstance or event that results in or causes, or could reasonably be expected to result in or cause, a material adverse change in any of (a) the condition (financial or otherwise) of a party taken as a whole; (b) the ability of a party, taken as a whole, to perform its payment or performance obligations under this Guaranty, as applicable; or (c) the validity or enforceability of this Guaranty.

Material Adverse Event. Shall mean any event, occurrence, fact, condition or changes that is, or could reasonably be expected to become, individually or in the aggregate, materially adverse to (a) the business, results of operations, condition (financial or otherwise) or assets of the Borrower, or (b) the ability of the Borrower to repay the Loan in accordance with the terms of this Agreement, including without limitation the termination prior to completion of the Sprint Contract or of any purchase order issued under... the Sprint Contract and the failure of Borrower to become an approved Sprint vendor prior to April 31, 2016. View More