Recitals Parent Material Adverse Effect Clause Samples

The 'Recitals Parent Material Adverse Effect' clause defines what constitutes a material adverse effect on the parent company within the context of the agreement's recitals. It typically outlines specific events or circumstances—such as significant financial losses, regulatory actions, or major operational disruptions—that would be considered materially adverse to the parent. By clearly establishing these criteria, the clause helps both parties understand the threshold for significant negative changes, thereby allocating risk and providing a basis for certain rights or remedies if such an effect occurs.
Recitals Parent Material Adverse Effect. 5.1 Patents................................................................4.15(a) Paying Agent............................................................3.3(a) PBGC...................................................................4.11(c) Person..................................................................4.2(a) Plans..................................................................4.11(a) Proprietary Software...................................................4.15(c) Proxy Statement............................................................4.6
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Recitals Parent Material Adverse Effect. 5.2(b) Paying Agent..............................................................4.2(a) Payment Fund..............................................................4.2(a) PBGC.................................................................5.1(h)(iii) Pension Plan..........................................................5.1(h)(ii) Person....................................................................4.2(b) Preference Shares......................................................5.2(a)(i) Preferred Shares..........................................................5.1(b) Prospectus/Proxy Statement...................................................6.3
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Related to Recitals Parent Material Adverse Effect

  • Parent Material Adverse Effect Since the date of this Agreement, there shall not have been any Parent Material Adverse Effect or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect.

  • No Parent Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Parent Material Adverse Effect.

  • Company Material Adverse Effect Since the date of this Agreement, there shall not have been any Company Material Adverse Effect or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.

  • No Company Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Company Material Adverse Effect.

  • Material Adverse Effect The occurrence of any event or condition that has had, or could reasonably be expected to have, a Material Adverse Effect.