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. Any event“Material Adverse Effect” means any change, effect or occurrence happenscircumstance 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 results in or causes, or is reasonably likely to result in or cause, a Material Adverse Effect.the affected party operates.

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

"Material Adverse Effect. Any eventEffect" 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 happens which results in or causes, or is reasonably likely to result in or cause, a Material Adverse Effect.condition) on:

"Material Adverse Effect. Any eventEffect" means any event, occurrence, fact, condition or occurrence happens whichchange that is, or could reasonably be expected to become, individually or in the aggregate, materially adverse to the business, results inof operations, prospects, condition (financial or causes,otherwise) or is reasonably likely to result in or cause, a Material Adverse Effect.assets of the Company.

Material Adverse Effect. Any situation or event occurs or occurrence happensseries of events occur (including a change to any regulation) which results in or causes, or is reasonably likely to result in or cause,has a Material Adverse Effect.

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

“Material Adverse Effect. Any eventEffect” means any event, occurrence, fact, condition or occurrence happens whichchange that is, or could reasonably be expected to become, individually or in the aggregate, materially adverse to # the business, results inof operations, condition (financial or causes,otherwise) or is reasonably likely to result in or cause, a Material Adverse Effect.assets