Adverse Change Clause Samples
An Adverse Change clause defines the parties' rights and obligations if a significant negative event or material change occurs that could impact the agreement. Typically, this clause allows one or both parties to renegotiate terms, suspend performance, or even terminate the contract if circumstances such as financial instability, regulatory changes, or major operational disruptions arise. Its core practical function is to allocate risk and provide flexibility, ensuring that parties are not unfairly bound to an agreement when unforeseen detrimental events fundamentally alter the original basis of the contract.
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Adverse Change. A material adverse change occurs in Grantor’s financial condition, or Lender believes the prospect of payment or performance of the Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.
Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.
Adverse Change. Between the date of this Agreement and the Closing, there shall be no material adverse change of the Assets.
Adverse Change. A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of payment or performance of the Indebtedness is impaired.
Adverse Change. There occurs a Material Adverse Effect; or
Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired.
Adverse Change. A material adverse change occurs in Grantor's financial condition, or Lender believes the prospect of payment or performance of the Indebtedness is impaired.
Adverse Change. No adverse change shall have occurred in the condition (financial or otherwise), operations or business of the Borrower that would, in the good faith judgment of the Lender, materially impair the ability of the Borrower to pay or perform any of the Obligations.
Adverse Change. Since December 31, 2018, there has been no event or occurrence that has caused, or would reasonably be expected to cause, a Material Adverse Effect.
Adverse Change. There has been no material adverse change in the business, properties or condition (financial or otherwise) of the Borrower since the date of the latest financial statement referred to in Section 4.5.