Common use of No Adverse Change or Event Clause in Contracts

No Adverse Change or Event. Since June 30, 2003, no change in the business, assets, liabilities, financial condition, results of operations or business prospects of the Borrower or any Restricted Subsidiary has occurred, and no event has occurred or failed to occur, that has had or would be reasonably likely to have, either alone or in conjunction with all other such changes, events and failures, a Material Adverse Effect. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default shall have occurred and be continuing.

No Adverse Change or Event. Since June 30May 31, 20031999, no change in the business, assets, liabilitiesLiabilities, financial condition, results of operations or business prospects of the Borrower or any Restricted Subsidiary of Borrower has occurred, and no event has occurred or failed to occur, that has had or would could reasonably be reasonably likely expected to have, either alone or in conjunction with all other such changes, events and failures, a Material Materially Adverse Effect. Such an adverse change may have occurred, and such an event may have occurred or failed to occur, at any particular time notwithstanding the fact that at such time no Default or Event of Default shall have occurred and be continuing.