Material Adverse Effect. Any event or occurrence happens which results in or causes, or is reasonably likely to result in or cause, a Material Adverse Effect.

Material Adverse Effect. “Material Adverse Effect” means any change, effect or circumstance which, individually or in the aggregate, would reasonably be expected to # have a material adverse effect on the business, assets, financial condition or results of operations of the affected party, in each case taken as a whole or # materially impair the ability of the affected party to perform its obligations under this Agreement and the Transaction Agreements, excluding any change, effect or circumstance resulting from # the announcement, pendency or consummation of the transactions contemplated by this Agreement, # changes in the United States securities markets generally, or # changes in general economic, currency exchange rate, political or regulatory conditions in industries in which the affected party operates.

Material Adverse Effect. A Material Adverse Effect shall occur.

"Material Adverse Effect" means an event, occurrence or condition which has a material adverse effect (as compared with the situation which would have prevailed but for such events, occurrence or condition) on:

"Material Adverse Effect" means any event, occurrence, fact, condition or change that is, or could reasonably be expected to become, individually or in the aggregate, materially adverse to the business, results of operations, prospects, condition (financial or otherwise) or assets of the Company.

Any situation or event occurs or series of events occur (including a change to any regulation) which has a Material Adverse Effect.

Any event or circumstance occurs which has or is reasonably likely to have a Material Adverse Effect.

“Material Adverse Effect” means any event, occurrence, fact, condition or change that is, or could reasonably be expected to become, individually or in the aggregate, materially adverse to # the business, results of operations, condition (financial or otherwise) or assets