definiens: shall mean any change, event, condition, circumstance, development, occurrenceor effect that is, or would reasonably be expected to constitute, individually or in the aggregate, a material adverseeffect on the business, assets, liabilities, financial condition, or results of operations of Anaconda or on the ability ofAnaconda or the Sellers to consummate the transactions contemplated by this Agreement, other than any change, event, condition, circumstance, development, occurrence or effect arising from or related to ( i ) general changes inbusiness, economic, political, social, legal or regulatory conditions, ( ii ) changes in conditions generally applicable tothe industry in which Anaconda operates, ( iii ) general changes in financial, banking or securities markets ( includingany disruption thereof ), ( iv ) changes in Applicable Laws or French GAAP, ( v ) outbreak of hostilities, terrorist attack(whether against a nation or otherwise ) or war, or ( vi ) the announcement of this Agreement or the transactionscontemplated hereby, in the case of clauses ( i ) – ( vi ), in each case, that do not disproportionately adversely affectAnaconda in relation to others who participate in the same business as Anaconda