Notice of Material Adverse Event. As soon as possible and in any event within five (5) days after the occurrence thereof, written notice of any event or circumstance that could reasonably be expected to result in a Material Adverse Event;

No Material Adverse Event. Since ​, there shall not have occurred any event, condition or state of facts which could reasonably be expected to result in a Material Adverse Event.

Material Adverse Change. A Material Adverse Change occurs;

Material Adverse Conditions. No Material Adverse Effect shall have occurred, other than the Cases, since ​;

Material Adverse Effect. Any Material Adverse Effect occurs;

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. There shall not have occurred a Material Adverse Effect since the Effective Date and prior to the Closing.

Material Adverse Change. There shall have been no Material Adverse Change. The income and expenses of each Property, the occupancy thereof, and all other features of the transaction shall be as represented to the Agent without material adverse change. Neither the Borrowers nor any of their constituent Persons shall be the subject of any bankruptcy, reorganization, or insolvency proceeding.

Material Adverse Change. Since ​, there has been no change in the business, condition (financial or otherwise), operations, performance or Properties of ​ and its Subsidiaries, as reflected in the audited annual consolidated financial statements of ​ and its Subsidiaries for the fiscal year ended on such date described in [Section 6.4], which has had or could reasonably be expected to have a Material Adverse Effect.

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