definiens: means any event, change, or effect, individually or collectively with one or more other events, changes, or effects that have had, or reasonably would be expected to have, a material adverse effect on the business, assets, liabilities, financial conditio n or results of operations of the Company, taken as a whole, provided that, none of the following matters, either alone or in combination, will constitute, or be considered in determining whether there has been, a Material Adverse Effect : ( i ) any outbreak or escalation of war or major hostilities or any act of terrorism, ( ii ) changes in laws, rules, regulations, GAAP or the interpretation thereof, ( iii ) changes that generally affect the industry in which the Company operates, ( iv ) changes in financial marke ts, general economic conditions ( including prevailing interest rates, exchange rates, commodity prices and fuel costs ) or political conditions, ( v ) changes in the trading price or trading volume of the Common Stock, ( vi ) failure by the Company to meet any published or internally prepared projections, budgets, plans or forecasts of revenues, earnings or other financial performance measures or operating statistics and ( vii ) any matter expressly disclosed in Section 1.8 of the Disclosure Schedule to the extent the results of any such matter would or would reasonably be expected to result in a Material Adverse Effect, except solely in the case of clauses ( i ) through ( iv ), to the extent those events, changes, or effects have, or would reasonably be expected to have, a disproportionate effect on the Company, taken as a whole, as compared to other companies operating in the industry in which the Company operates, and with respect to clauses ( v ) and ( vi ), it being understood that the facts and circumstances underlyin g any such change or failure that are not otherwise expressly excluded in clauses ( i ) through ( vi ) herein from the definition of a may be considered in determining whether there has been a Material Adverse Effect