No Material Loss. Neither the Borrower nor any Guarantor shall have sustained any loss or interference with respect to its businesses or properties from fire, flood, hurricane, accident or other calamity, whether or not covered by insurance, or from any labor dispute or any legal or governmental proceeding which could reasonably be expected to have a Material Adverse Effect.
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Sources: Senior Secured Loan Facility and Guaranty Agreement (Railamerica Inc /De)
No Material Loss. Neither the Borrower nor any Guarantor of its Subsidiaries shall have sustained any loss or interference with respect to its businesses or properties from fire, flood, hurricane, accident or other calamity, whether or not covered by insurance, or from any labor dispute or any legal or governmental proceeding proceeding, which could loss or interference has had or is reasonably be expected likely to have a Material Adverse Effect.
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