Material Adverse. change Any event or series of events occurs which, in the opinion of the Lender, is likely to have a materially adverse effect on the business, assets, financial condition or credit worthiness of a Security Party.
Appears in 5 contracts
Sources: Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.)
Material Adverse. change Any event or series of events occurs which, in the opinion of the LenderAgent, is likely to have a materially adverse effect on the business, assets, financial condition or credit worthiness of a Security Party.
Appears in 2 contracts
Sources: Secured Loan Agreement (NewLead Holdings Ltd.), Secured Loan Agreement (DryShips Inc.)
Material Adverse. change Any event or series of events occurs which, in the reasonable opinion of the LenderAgent, is likely to have has a materially adverse effect on the business, assets, financial condition or credit worthiness of a Security Party.
Appears in 1 contract
Sources: Secured Loan Agreement (Poseidon Containers Holdings Corp.)
Material Adverse. change Any event or series of events occurs which, in the reasonable opinion of the Lender, is likely to have a materially adverse effect on the business, assets, financial condition or credit worthiness of a Security PartyParty or a member of the Group.
Appears in 1 contract
Sources: Loan Agreement (Diana Shipping Inc.)
Material Adverse. change Any event or series of events occurs which, in the reasonable opinion of the Lender, is likely to have has a materially adverse effect on the business, assets, financial condition or credit worthiness of a Security Party.
Appears in 1 contract
Sources: Secured Loan Agreement (Poseidon Containers Holdings Corp.)