Common use of No Adverse Change or Event Clause in Contracts

No Adverse Change or Event. Except as disclosed in the financial statements for the quarterly period ending on June 30, 2002, since March 31, 2002, no change in the business, financial condition or operations of the Borrower has occurred, and no event has occurred or failed to occur, that has had or could reasonably be expected to have, either alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower, (b) any Loan Document to which the Borrower is a party or (c) the Collateral.