Common use of Adverse Developments Clause in Contracts

Adverse Developments. Since the date of the financial statements most recently furnished to Lender, there has been no change in the business, prospects, operations or condition, financial or otherwise, of Borrower or any of its properties or assets which would, individually or in the aggregate, have a Material Adverse Effect.

Appears in 3 contracts

Sources: Subordinated Loan Agreement (Rurbanc Data Services Inc), Subordinated Loan Agreement (Rurbanc Data Services Inc), Subordinated Loan Agreement (Rurbanc Data Services Inc)

Adverse Developments. Since the date of the last financial statements most recently furnished to Lender, there has been no change Material Adverse Change in the business, prospects, operations or condition, financial or otherwise, of Borrower Borrowers or any of its the properties or assets which would, individually or in the aggregate, have a Material Adverse Effectof Borrowers.

Appears in 2 contracts

Sources: Loan and Security Agreement (Hightimes Holding Corp.), Loan and Security Agreement (Origo Acquisition Corp)