ARTICLE I DEFINITIONS
“Company Material Adverse Effect” means any change, event, effect or circumstance which, individually or in the aggregate, has resulted in or would reasonably be expected to result in a material adverse effect on the business, financial condition or results of operations of the Company and its Subsidiaries, taken as a whole; provided, however, that changes, events, effects or circumstances which, directly or indirectly, to the extent they relate to or result from the following shall be excluded from, and not taken into account in, the determination of Company Material Adverse Effect: (i) any condition, change, effect or circumstance generally affecting any of the industries or markets in which the Company or its Subsidiaries operate; (ii) any change in any Law or GAAP (or changes in interpretations of any Law or GAAP); (iii) general economic, regulatory or political conditions (or changes therein) or conditions (or changes therein) in the financial, credit or securities markets (including changes in interest or currency exchange rates) in the United States or any other country or region in the world; (iv) any acts of God, force majeure events, natural disasters, terrorism, cyberattack, data breach, armed hostilities, sabotage, war or any escalation or worsening of any of the foregoing; (v) any epidemics, pandemics or contagious disease outbreaks (including COVID-19) and any political or social conditions, including civil unrest, protests and public demonstrations or any other COVID-19 Measures that relate to, or arise out of, an epidemic, pandemic or disease outbreak (including COVID-19) or any change in such COVID-19 Measures, directive, pronouncement or guideline or interpretation thereof, or any continuation or of any of the foregoing, in the United States or any other country or region in the world; (vi) the negotiation, execution, announcement, performance, consummation or existence of this Agreement or the transactions contemplated by this Agreement, including (A) by reason of the identity of Elon Musk, Parent or any of their Affiliates or their respective financing sources, or any communication by Parent or any of its Affiliates or their respective financing sources, including regarding their plans or intentions with respect to the conduct of the business of the Company or any of its Subsidiaries and (B) any litigation, claim or legal proceeding threatened or initiated against Parent, Acquisition Sub, the Company or any of their respective Affiliates, officers or directors, in each case, arising out of or relating to the this Agreement or the transactions contemplated by this Agreement, and including the impact of any of the foregoing on any relationships with customers, suppliers, vendors, collaboration partners, employees, unions or regulators; (vii) any action taken pursuant to the terms of this Agreement or with the consent or at the direction of Parent or Acquisition Sub (or any action not taken as a result of the failure of Parent to consent to any action requiring Parent’s consent pursuant to Section 6.1); (viii) any changes in the market price or trading volume of the Company Common Stock, any failure by the Company or its Subsidiaries to meet internal, analysts’ or other earnings estimates or financial projections or forecasts for any period, any changes in credit ratings and any changes in any analysts’ recommendations or ratings with respect to the Company or any of its Subsidiaries (provided that the facts or occurrences giving rise to or contributing to such changes or failure that are not otherwise excluded from the definition of “Company Material Adverse Effect” may be taken into account in determining whether there has been a Company Material Adverse Effect); and (ix) any matter disclosed in the Company SEC Documents filed by the Company prior to the date of this Agreement (other than any disclosures set forth under the headings “Risk Factors” or “Forward-Looking Statements”).
【参考訳】「会社の重大な不利な影響」とは、単独または総計において、会社およびその子会社の事業、財政状況、または営業結果に重大な悪影響を及ぼす、または合理的にそう予想される変化、事象、影響、または状況を指す。ただし、以下に関連するか、これらから生じる変化、事象、影響、または状況は、会社の重大な不利な影響の判断から除外され、考慮に入れられない：（i）会社またはその子会社が営業する任意の業界または市場に一般的に影響を及ぼす任意の状況、変化、影響、または状況；（ii）任意の法律またはGAAP（または任意の法律またはGAAPの解釈の変化）の変化；（iii）一般的な経済、規制、または政治の状況（またはそれらの変化）または金融、信用、証券市場の状況（またはそれらの変化）（利子または通貨の為替レートの変化を含む）で、アメリカまたは世界の任意の他の国または地域；（iv）自然災害、テロ、サイバー攻撃、データ侵害、武装した敵対行為、破壊行為、戦争、またはこれらの悪化または悪化の任意の行為；（v）エピデミック、パンデミック、または感染病の発生（COVID-19を含む）および政治または社会の状況、市民の不安、抗議、公共のデモンストレーション、または他のCOVID-19の対策に関連する、またはそれらから生じる任意の事項；（vi）この契約またはこの契約により想定される取引の交渉、実施、発表、実行、完結、または存在、特にエロン・マスク、親会社、またはその任意の関連会社またはそれらの融資源の身元によるもの、または親会社またはその任意の関連会社またはそれらの融資源によるコミュニケーション、その会社の事業またはその子会社の運営に関する計画または意図についての情報を含む；（vii）この契約の条件に従って行われた行為、または親会社または買収子会社の同意または指示による行為（親会社の同意が必要な行為に対して親会社が同意しなかった結果、行われなかった行為を含む）；（viii）会社の普通株の市場価格または取引量の変化、会社またはその子会社が内部、アナリスト、または他の収益見積もりまたは財務予測または予測を満たさない任意の期間、信用格付けの変化、および会社またはその子会社に関する任意のアナリストの推奨または評価の変化（ただし、「会社の重大な不利な影響」の定義から除外されていない事実または発生事項に起因するまたはそれらに貢献する変化または不履行は、会社の重大な不利な影響が発生したかどうかを判断するために考慮に入れられる）；そして（ix）この契約の日付前に会社によって提出された会社のSEC文書の任意の事項（「リスク要因」または「将来見通しに関する声明」の見出しの下に記載された開示を除く）。
