“Material Adverse Change” means any material adverse change in the business, assets, operations or condition (financial or otherwise) of the Borrower and its Subsidiaries taken as a whole.

“Material Adverse Change” means any material adverse change in the business, condition (financial or otherwise), operations or properties of the Company and its Subsidiaries taken as a whole.

“Material Adverse Change” means an adverse change of a material nature in # the financial condition or business condition of any Borrower, any Principal or any Guarantor, # the ability of any Borrower, any Principal or any Guarantor to perform its obligations under the Loan Documents or # the value, financial condition or physical condition of any Property or the Properties as a whole.

“Material Adverse Effect” means a material adverse effect on the business, assets, operations, financial condition or results of operations of the Borrower and the Subsidiaries taken as a whole.

“Material Adverse Change” means any material adverse change in the business, financial condition or results of operations of the [[Organization A:Organization]] and its Consolidated Subsidiaries taken as a whole.

“Material Adverse Change” means a material adverse change in # the business, assets, operations or condition (financial or otherwise) of ​ and its Subsidiaries taken as a whole from that reflected in ​’s consolidated financial statements as of December 31, 2018, or # the validity or enforceability of this Agreement or any and all other Loan Documents or the rights or remedies of the Administrative Agent and ​ thereunder.

“Material Adverse Effect” means a material adverse effect on the business, assets, operations, financial condition or results of operations of the Borrower and its Subsidiaries taken as a whole.

“Material Adverse Change” means a material adverse change in # the business, assets, operations or condition (financial or otherwise) of ​ and its Subsidiaries taken as a whole from that reflected in ​’s consolidated financial statements as of December 31, 2018, or # the validity or enforceability of this Agreement or any and all other Loan Documents or the rights or remedies of [[Administrative Agent:Organization]] and [[Organization B:Organization]] thereunder.

Material Adverse Change. A material adverse change occurs, or is reasonably likely to occur, in [[Organization A:Organization]]’s (or any guarantor’s) business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit.

"Material Adverse Change" shall mean any material and adverse change to # the assets, financial condition, business condition, operations or properties of Borrowers or Guarantor, and any future subsidiaries thereof taken as a whole different from the facts represented or warranted herein or any of the other Loan Documents, # the ability of Borrowers or Guarantor to meet their obligations and other material obligations under the Loan Documents on a timely basis, or # the enforceability of the material terms of any of the Loan Documents.