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Luxottica Group, S.p.A. (LUX)
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LUX » Topics » Material Adverse Effect

This excerpt taken from the LUX 20-F filed Jun 28, 2006.
Material Adverse Effect” means a material adverse effect on:

(a)                                  the business, or financial condition of the Group taken as a whole;

(b)                                 the ability of an Obligor to perform its payment obligations under the Finance Documents; or

(c)                                  the validity or enforceability of the Finance Documents or the rights or remedies of any Finance Party under the Finance Documents.

“

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