Define: Material Adverse Effect
What does "Material Adverse Effect" mean? The meaning differs based on the contract. We found 10 definitions across 14 companies in SEC filings.
Definition 1 (CARDINAL HEALTH INC, seen in 1 filing)
Material Adverse Effect means a material adverse effect on (a) the business, Property, condition (financial or otherwise), results of operations or prospects of the Company and its Subsidiaries taken as a whole, (b) the ability of the Borrowers to perform their obligations under the Loan Documents, or (c) the validity or enforceability of any of the Loan Documents or the rights or remedies of the Administrative Agent or the Lenders thereunder.
Source: CARDINAL HEALTH INC 8-K
Definition 2 (CARNIVAL CORP, seen in 1 filing)
Material Adverse Effect means a material adverse effect on (i) the financial condition of the Carnival Corporation plc Group (taken as a whole) and (ii) the ability of any Loan Party to perform and observe its payment obligations under any Loan Document.
Source: CARNIVAL CORP 10-Q
Definition 3 (BIOGEN INC., seen in 1 filing)
Material Adverse Effect means (a) a material adverse change in, or a material adverse effect upon, the business, assets, operations, properties or financial condition of the Borrower and its Subsidiaries taken as a whole (b) a material impairment of the ability of the Borrower to perform its obligations under the Loan Documents to which it is a party or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against the Borrower of the Loan Documents to which it is a party.
Source: BIOGEN INC. 10-K
Definition 4 (EXPAND ENERGY Corp, seen in 1 filing)
Material Adverse Effect means any event, change, occurrence, or circumstance that, individually or in the aggregate with any other events, changes, occurrences, or circumstances, has had a material adverse effect on the business, assets, liabilities, financial condition, or results of operations of the Company.
Source: EXPAND ENERGY Corp 10-K
Definition 5 (EXPAND ENERGY Corp, seen in 1 filing)
Material Adverse Effect means any event, change, occurrence, or circumstance that, individually or in the aggregate, has a material adverse effect on the business, assets, liabilities, financial condition, or results of operations of the Company Group.
Source: EXPAND ENERGY Corp 10-K
Definition 6 (AUTOMATIC DATA PROCESSING INC, seen in 1 filing)
Material Adverse Effect means a material adverse effect on (a) the business, assets, operations, prospects or condition, financial or otherwise, of the Company and the Subsidiaries taken as a whole, (b) the ability of the Borrowers to perform their obligations under the Loan Documents or (c) the rights of or benefits available to the Lenders under the Loan Documents.
Source: AUTOMATIC DATA PROCESSING INC 8-K
Definition 7 (COGNIZANT TECHNOLOGY SOLUTIONS CORP, seen in 1 filing)
Material Adverse Effect means (a) a material adverse change in, or a material adverse effect upon, the results of operations, business, properties, or financial condition of the Borrower and its Subsidiaries taken as a whole or (b) a material adverse effect upon the legality, validity, binding effect or enforceability against the Borrower or any Designated Borrower of any Loan Document to which it is a party.
Source: COGNIZANT TECHNOLOGY SOLUTIONS CORP 10-K
Definition 8 (CUMMINS INC, seen in 1 filing)
Material Adverse Effect means a material adverse effect on (a) the business, assets, operations or financial condition of the Company and the Subsidiaries taken as a whole, (b) the ability of the Company to perform any of its material obligations under the Loan Documents or (c) the validity or enforceability of, or the rights of or remedies available to the Lenders under, the Loan Documents; provided, however, that events, circumstances, changes, effects or conditions with respect to the Company and its Subsidiaries disclosed in any Form 10-K, Form 10-Q or Form 8-K filed by the Company with the Securities and Exchange Commission prior to the Effective Date shall not constitute a "Material Adverse Effect" to the extent so disclosed.
Source: CUMMINS INC 8-K
Definition 9 (AMPHENOL CORP /DE/, seen in 1 filing)
Material Adverse Effect means any event, change or effect that, individually or in the aggregate, (a) has a material adverse effect on the business, assets, liabilities (actual or contingent), operations or condition (financial or otherwise) of the Borrower and its Subsidiaries, taken as a whole, or (b) materially impairs the ability of the Loan Parties, taken as a whole, to perform their obligations under the Loan Documents or the ability of the Lenders or the Administrative Agent to enforce the Obligations.
Source: AMPHENOL CORP /DE/ 8-K
Definition 10 (BROADRIDGE FINANCIAL SOLUTIONS, INC., seen in 1 filing)
Material Adverse Effect means a material adverse change in, or a material adverse effect upon, the business, assets, operations or financial condition of the Company and the Subsidiaries, taken as a whole.
Source: BROADRIDGE FINANCIAL SOLUTIONS, INC. 8-K
Data extracted from 16 SEC EDGAR filings across 14 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.