NO MATERIAL ADVERSE CHANGE

Example Definitions of "NO MATERIAL ADVERSE CHANGE"
NO MATERIAL ADVERSE CHANGE. Since December 31, 2000, there has been no material adverse change in the assets, business, financial condition or operations of such Borrower and its Subsidiaries, taken as a whole, except for losses caused by or relating to or arising out of the terrorist events of September 11, 2001; PROVIDED, HOWEVER, that XL Capital remains in compliance with Section 9.17.
Found in XL GROUP LTD contract
NO MATERIAL ADVERSE CHANGE. Since December 31, 2000, 1999, there has been no material adverse change in the assets, business, financial condition or operations of such Borrower Obligor and its Subsidiaries, taken as a whole, except for losses caused by or relating to or arising out of the terrorist events of September 11, 2001; PROVIDED, HOWEVER, that XL Capital the Account Party remains in compliance with Section 9.17. Clause 19.6 hereof.
Found in XL GROUP LTD contract
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