Common use of No Adverse Change or Event Clause in Contracts

No Adverse Change or Event. Since April 30, 1994, no -------------------------- change in the business, assets, Liabilities, financial condition, results of operations or business prospects of the Borrower or any Subsidiary has occurred, and no event has occurred or failed to occur, that has had or might have, either #90068563. alone or in conjunction with all other such changes, events and failures, a Materially Adverse Effect on (a) the Borrower and the Subsidiaries taken as a whole, (b) any Loan Document to which the Borrower or any Subsidiary is a party or (c) the Collateral.

Appears in 2 contracts

Sources: Credit Agreement (Tsi International Software LTD), Credit Agreement (Tsi International Software LTD)