No Material Adverse Effect. There shall have been no Material Adverse Effect since the date of this Agreement.

No Material Adverse Effect. There shall not have occurred a Material Adverse Effect or any event or circumstance that could reasonably be expected to result in a Material Adverse Effect and the Administrative Agent shall have received a certificate of a Financial Officer of the Borrowers to the foregoing effect.

No Material Adverse Effect. Since December 31, 2015, there shall not have occurred any event, occurrence, development, state of facts, effect, condition or change that, individually or in the aggregate, has had or is reasonably likely to have, a Material Adverse Effect.

No Material Adverse Effect. On or prior to the Closing Date, there shall have been no occurrence (including, without limitation, a breach of the representations and warranties or covenants of ​ contained in this Agreement (including the schedules hereto)) that has resulted in or is reasonably likely to result in a ​ Material Adverse Effect or a Bank Material Adverse Effect.

No Material Adverse Effect. Since the later of December 31, 2016 and date of the most recently delivered audited financial statements of the Borrower and its Subsidiaries pursuant to Section 6.01(a), there shall have been no change which has had or could reasonably be expected to have a Material Adverse Effect.

Material Adverse Effect. A Material Adverse Effect shall have occurred, as determined by [[Organization B:Organization]] in its sole good faith discretion and not been waived in writing; or

Section # Financial Statements; No Material Adverse Effect.

Section # Financial Statements; No Material Adverse Effect 60

Target Material Adverse Effect. Since the Acquisition Signing Date, there shall not have occurred or be continuing a Target Material Adverse Effect.

Section # Conditions Precedent to all Credit Events after the First Restatement Effective Date 7475