Common use of Change in Financial Position Clause in Contracts

Change in Financial Position. Any change in the operations or the financial position of the Borrower (taking into account the operations and the financial position of the Borrower’s Subsidiaries as a whole) which, in the reasonable opinion of the Majority Lenders, shall result in a Material Adverse Change; or

Appears in 1 contract

Sources: Senior Secured Revolving Credit Facility (Seacor Holdings Inc /New/)

Change in Financial Position. Any any change in the operations or the financial position of the Borrower (taking into account the operations and the financial position or any Affiliate of the Borrower’s Subsidiaries as a whole) Borrower which, in the reasonable opinion of the Majority Lenders, shall result in have a Material Adverse ChangeEffect; or

Appears in 1 contract

Sources: Credit Facility Agreement (Top Tankers Inc.)

Change in Financial Position. Any change in the operations or the financial position of the Borrower (taking into account the operations and the financial position or any Affiliate of the Borrower’s Subsidiaries as a whole) Borrower which, in the reasonable opinion of the Majority Lenders, shall result in have a Material Adverse ChangeEffect; or

Appears in 1 contract

Sources: Loan Agreement (Gulfmark Offshore Inc)