Material Adverse Operational Effect definition

Material Adverse Operational Effect means the occurrence of any event or change which results in a material and adverse change in the business, condition (financial or otherwise) or operations of the Authority.
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Examples of Material Adverse Operational Effect in a sentence

  • The Authority is not presently in default under any material agreement to which it is a party which could reasonably be expected to have a Material Adverse Effect or a Material Adverse Operational Effect.

  • As promptly as practicable, written notice to the Lender of all litigation served against the Authority and all proceedings before any court or governmental authority which could reasonably be expected to have a Material Adverse Effect or a Material Adverse Operational Effect.

  • The Authority shall comply with and observe the obligations and requirements set forth in the Constitution of the State and in all statutes and regulations binding upon it, including without limitation, any relating to the Program Documents to which the Authority is a party, except where noncompliance is not reasonably expected to result in a Material Adverse Change or Material Adverse Operational Effect.

  • The Authority is in material compliance with all laws, ordinances, orders, writs, injunctions, decrees, rules and regulations applicable to it (including, without limitation, all applicable federal, state or local environmental, health and safety statutes and regulations, and the Authority’s investment policy guidelines), except to the extent noncompliance could not reasonably be expected to have a Material Adverse Effect or a Material Adverse Operational Effect.

  • The Authority is not in violation of any material term of the Act or any material term of any bond indenture or agreement to which it is a party or by which any of its property or assets is bound which could reasonably be expected to have a Material Adverse Effect or a Material Adverse Operational Effect.

  • As of the Effective Date, there has been no Material Adverse Operational Effect since June 30, 2020, except as has been disclosed to the Lender in writing.

  • There is no public vote or referendum pending or concluded or, to the Authority’s knowledge, proposed, the results of which could reasonably be expected to have a Material Adverse Effect or a Material Adverse Operational Effect.

  • As of the Effective Date, there has been no Material Adverse Operational Effect since June 30, 2023, except as has been disclosed to the Lender in writing.

  • The Authority is in material compliance with all laws, ordinances, orders, writs, injunctions, decrees, rules and regulations applicable to it (including, without limitation, all applicable federal, state or local environmental, health and safely statutes and regulations, and the Authority’s investment policy guidelines), except to the extent noncompliance could not reasonably be expected to have a Material Adverse Effect or a Material Adverse Operational Effect.

  • The Authority is not in violation of any material term of the Act or any material term of any bond indenture or agreement to which it is a party or ty which any of its property or assets is bound which could reasonably be expected to have a Material Adverse Effector a Material Adverse Operational Effect.

Related to Material Adverse Operational Effect

  • Partnership Material Adverse Effect means any change, circumstance, effect or condition that is, or could reasonably be expected to be, materially adverse to the business, financial condition, assets, liabilities or results of operations of the Partnership Group, taken as a whole.

  • SPAC Material Adverse Effect (a) any change in applicable Laws or GAAP or any interpretation thereof following the date of this Agreement, (b) any change in interest rates or economic, political, business or financial market conditions generally, (c) the taking of any action expressly required to be taken under this Agreement, (d) any natural disaster (including hurricanes, storms, tornados, flooding, earthquakes, volcanic eruptions or similar occurrences), epidemic or pandemic (including any action taken or refrained from being taken in response to COVID-19 or any COVID-19 Measures or any change in such COVID-19 Measures or interpretations following the date of this Agreement), acts of nature or change in climate, (e) any acts of terrorism or war, the outbreak or escalation of hostilities, geopolitical conditions, local, national or international political conditions, riots or insurrections, (f) any matter set forth on, or deemed to be incorporated in, Section 1.1SMAE of the SPAC Disclosure Letter, (g) any Events that are cured by SPAC prior to the Acquisition Closing, (h) any change in the trading price or volume of the SPAC Units, SPAC Ordinary Shares or SPAC Warrants (provided that the underlying causes of such changes referred to in this clause (h) may be considered in determining whether there is a SPAC Material Adverse Effect except to the extent such cause is within the scope of any other exception within this definition), or (i) any worsening of the Events referred to in clauses (b), (d), (e) or (f) to the extent existing as of the date of this Agreement; provided, however, that in the case of each of clauses (b), (d) and (e), any such Event to the extent it disproportionately affects SPAC relative to other special purpose acquisition companies shall not be excluded from the determination of whether there has been, or would reasonably be expected to be, a SPAC Material Adverse Effect. Notwithstanding the foregoing, with respect to SPAC, the amount of SPAC Share Redemptions or the failure to obtain SPAC Shareholders’ Approval shall not be deemed to be a SPAC Material Adverse Effect;

  • Material Adverse Effect shall have the meaning assigned to such term in Section 3.1(b).

  • Company Material Adverse Effect means any material adverse effect with respect to the Company, taken as a whole, or any change or effect that adversely, or is reasonably expected to adversely, affect the ability of the Company to maintain its current business operations or to consummate the transactions contemplated by this Agreement in any material respect.

  • Property Material Adverse Effect shall have the meaning assigned thereto in the Mortgage.