Common use of Material Adverse Change Clause in Contracts

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or financial condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;Collateral (the foregoing being defined as a “Material Adverse Change”).

Material Adverse Change. If there (i) occurs The occurrence of a material adverse change in the business, operations, operations or financial condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;; or

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or financial condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;Collateral (the foregoing being defined as a "Material Adverse Change").

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, Borrower or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, business operations, or condition (financial or otherwise) of the Borrower, ; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;Collateral (any of the foregoing is referred to herein as a "Material Adverse Change").

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change ----------------------- in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the CollateralObligations;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the BorrowerBorrower or any Subsidiary, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;Obligations.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the BorrowerBorrower which has a Material Adverse Effect, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;Collateral (any of the foregoing is referred to herein as a “Material Adverse Change”).

Material Adverse Change. If there (i) occurs occurs, compared to the date hereof, a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral (assuming that as of the date hereof the Bank has a first perfected security interest in the Collateral, subject only to the Permitted Liens);

Material Adverse Change. If there (i) occurs A material impairment in the perfection or priority of Bank's security interest in the Collateral or in the value of such Collateral which is not covered by adequate insurance occurs; (ii) a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, Borrowers on a consolidated basis occurs; or (iiiii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;occurs.

Material Adverse Change. If there (ia) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (iib) is a material impairment of the prospect of repayment of any portion of the Obligations or (iiic) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, business operations, or condition (financial or otherwise) of the Borrower, ; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in ----------------------- the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the CollateralCollateral (any of the foregoing events or occurrences is referred to herein as a "Material Adverse Change");

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, ; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's security interests in a material portion of the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the any Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, business operations, or condition (financial or otherwise) of the Borrower, ; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any nay portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the CollateralCollateral (each of (i), (ii) and (iii) above shall be referred to herein as a “Material Adverse Change”);

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) or prospects of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of BankLender's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the BorrowerBorrowers and their Subsidiaries taken as a whole, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is the foregoing being defined as a material impairment of the value or priority of Bank's security interests in the Collateral;“Material Adverse Change”).

Material Adverse Change. If there (ia) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (iib) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iiic) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material impairment in the perfection or priority of the Bank's security interest in the Collateral or in the value of such Collateral which is not covered by adequate insurance or (ii) is a material adverse change in the business, operations, operations or condition (financial or otherwise) of the Borrower, or Borrower (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;"Material Adverse Change").

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, operations or condition (financial or otherwise) of the Borrower, or (ii) is Borrower that results in a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests interest in a material portion of the Collateral;

Material Adverse Change. If there occurs: (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) other condition of the Borrower, ; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, Borrower or (ii) is a material impairment of the prospect of repayment of Borrower's ability to repay any portion of the Obligations when and as due or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;Collateral (each of (i), (ii) and (iii) above shall be referred to herein as a "Material Adverse Change").

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, Borrower or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral, and Bank gives notice of any of the foregoing to Borrower;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;Collateral (each of (i), (ii) or (iii) being called a "Material Adverse Change").

Material Adverse Change. If there There occurs (i) occurs a material adverse change in the business, operations, operations or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of to the value or priority of Bank's security interests interest in the Collateral;Collateral (or any material portion thereof).

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, ; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, business operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the either Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or financial condition (financial or otherwise) of the BorrowerBorrower from the forecasts provided to the Lender, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations as determined by the Lender; or (iii) is a material impairment of the value or priority of BankLender's security interests in the CollateralCollateral (the foregoing being defined as a "Material Adverse Change");

Material Adverse Change. If there (i) occurs a material adverse change in the business, business operations, or condition (financial or otherwise) of the Borrower, Borrowers taken together; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the CollateralCollateral (each a “Material Adverse Change”);

Material Adverse Change. If there There occurs (i) occurs a material adverse change in the business, operations, operations or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of to the value of, or the priority of Bank's security interests in Lien upon, the Collateral;Collateral (or any material portion thereof).

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of the value or priority of Bank's security interests in the CollateralCollateral (the foregoing being defined as a "Material Adverse Change");

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is the foregoing being deemed as a material impairment of the value or priority of Bank's security interests in the Collateral;"Material Adverse Change").

Material Adverse Change. If there (i) occurs a material adverse ----------------------- change in the business, operations, or condition (financial or otherwise) of the Borrower, Borrower or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of BankLender's security interests in the Collateral;

Material Adverse Change. If there There occurs (i) occurs a material adverse change in the business, operations, operations or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of to the value or priority of Bank's security interests interest in the Collateral;Collateral (or any material portion thereof).

Material Adverse Change. (i) If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (ia) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (iib) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iiic) is a material impairment of the value or priority of Bank's ’s security interests in the CollateralCollateral (the foregoing being defined as a “Material Adverse Change”);

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) or prospects of the Borrower, Borrower or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the BorrowerBorrowers and their Subsidiaries taken as a whole, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;Collateral ((i) - (iii) each being a "Material Adverse Change").

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is the foregoing being defined as a material impairment of the value or priority of Bank's security interests in the Collateral;"Material Adverse Change").

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral, which is not covered by adequate insurance;

Material Adverse Change. If there (ia) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (iib) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the CollateralObligations;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any material portion of the Obligations or (iii) is a material impairment of the value or priority of BankLender's security interests in a material portion of the Collateral;Collateral (in any event, a "Material Adverse Change").

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the any Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bankthe Borrower's security interests in the Collateralassets;

Material Adverse Change. If there (i) occurs a material adverse ----------------------- change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations taken as a whole; or (iii) is a material impairment of the value (other than as a result of ordinary wear and tear and and depreciation under GAPP or priority of Bank's security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the BorrowerBorrowers, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse ----------------------- change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or financial condition (financial or otherwise) of the Borrower, ; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or financial condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's Lender’s security interests in the Collateral;Collateral (the foregoing being defined as a “Material Adverse Change”).

Material Adverse Change. If there (ia) occurs a material adverse change in the general affairs, management, business, operations, or condition (financial or otherwise) of the Borrower, or (iib) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iiic) is a material impairment of the value or priority of Bank's security interests in the CollateralCollateral (the foregoing being defined as a "Material Adverse Change");

Material Adverse Change. If there (i) occurs a material adverse change in the business, business operations, or condition (financial or otherwise) of the BorrowerCompany and its Subsidiaries, on a consolidated basis; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;Collateral (the foregoing being referred to as a “Material Adverse Change”).

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the BorrowerCorporation and its Subsidiaries taken as a whole, or (ii) is a material impairment of Corporation’s ability to repay the prospect of repayment of any portion of the outstanding Obligations in their entirety or (iii) is a material impairment of the value or priority of Bank's Lender’s security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, business operations, or condition (financial or otherwise) of the Borrower, ; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;."

Material Adverse Change. If there (i) occurs a material adverse change in the business, business operations, or condition (financial or otherwise) of the Borrower, ; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;Collateral (the foregoing being defined as a “Material Adverse Change”).

Material Adverse Change. If there There occurs (i) occurs a material adverse change in the business, operations, operations or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of to the value or priority of Bank's ’s security interests interest in the Collateral;Collateral (or any material portion thereof), all as determined by Bank in good faith.

Material Adverse Change. If there occurs (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of in the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of the value (other than normal depreciation) or priority of Bank's security interests interest in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change ----------------------- in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in any material portion of the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, financial condition or condition (financial or otherwise) prospects of the Borrower, Borrower or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of the value of the Collateral or a negative change in the priority of Bank's security interests in the Collateral; and the occurrence of any one of which shall, for purposes of this Agreement, constitute a "Material Adverse Change";

Material Adverse Change. If Adverse Change shall be deemed to have occurred if there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the any Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;Collateral which is not fully covered by insurance, as determined by Bank.

Material Adverse Change. If there (i) occurs a material adverse change ---- ------------------------ in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations as the same shall become due or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (ia) occurs a material adverse change in the business, operations, or financial condition (financial or otherwise) of the BorrowerBorrowers, or (iib) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iiic) is a material impairment of the value or priority of Bank's security interests in the CollateralCollateral (the foregoing being defined as a "Material Adverse Change");

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the BorrowerBorrower and any Subsidiary which is a party to the Loan Documents taken as a whole, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material adverse change in the business, business operations, or condition (financial or otherwise) of the Borrower, ; or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;.

Material Adverse Change. If there (i) occurs a material ----------------------- adverse change in the business, operations, or condition (financial or otherwise) of the any Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the any Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of the Bank's security interests in the Collateral;

Material Adverse Change. If after the date hereof there (ia) occurs a material adverse change in the business, operations, operations or condition (financial or otherwise) of the Borrower, Borrower or a material Subsidiary; (iib) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iiic) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, other than due to general economic conditions, or (iii) is a material impairment of the value of the Collateral or a negative change in the priority of Bank's security interests in the Collateral; and the occurrence of any one of which shall, for purposes of this Agreement, constitute a "Material Adverse Change";

Material Adverse Change. If there (ia) occurs a material adverse change in the business, operations, or financial condition (financial or otherwise) of the Borrower, or (iib) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iiic) is a material impairment of the value or priority of Bank's security interests in the CollateralCollateral (the foregoing being defined as a "Material Adverse Change");

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral, which is not covered by adequate insurance;

Material Adverse Change. If there There occurs (i) occurs a material adverse change in the business, operations, operations or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of to the value or priority of Bank's ’s security interests interest in the Collateral;Collateral (or any material portion thereof).

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the any Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of the value or priority of Bank's ’s security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations; or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;Collateral (the foregoing being defined as a "Material Adverse Change").

Material Adverse Change. If there (i) occurs a material ----------------------- adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations Obligations, or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) or prospects of the Borrower, a Borrower or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;Company Collateral (each of (i), (ii) and (iii) a "Material Adverse Change").

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the any Borrower, or (ii) is is, based upon a reasonable standard, a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii(i) and (ii) each being a "Material Adverse Change"). 2.15 The Loan Agreement is a material impairment of hereby further amended by deleting Section 9.2 in its entirety and by replacing it with the value or priority of Bank's security interests in the Collateral;following:

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value value, perfection, or priority of Bank's security interests in the Collateral;

Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or condition (financial or otherwise) of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations or (iii) is a material impairment of the value or priority of Bank's security interests in the Collateral;: