Amendments to the Act. Any step is taken to reduce or qualify the obligations of the Secretary of State or the Director insofar as they affect the creditors of the Appointment Holder and/or the creditworthiness of the Appointment Holder in circumstances which have a Material Adverse Effect.
Appears in 3 contracts
Sources: Credit Facility (Azurix Corp), Credit Facility Agreement (Azurix Corp), Credit Facility (Azurix Corp)