Examples of Material Adverse Event in a sentence
The Supplier may give notice of such Material Adverse Event to the Purchaser.
In determining if a Material Adverse Event has occurred or not, the costs or the revenues of the Supplier will be determined and accounted for by the Supplier, and shall take into account any actions that the Supplier should be expected to take to mitigate the effect of such Material Adverse Event.
Within 60 days following the date of any such notice, the Supplier shall provide the Purchaser with such information as may be reasonably required to assess the Material Adverse Event.
The Parties shall meet within 20 business days of the Purchaser’s receipt of such information to negotiate in good faith amendments to the terms and conditions of the Definitive Agreement so that the Supplier is in no better or worse position than it would have been in had all the Event(s) constituting the Material Adverse Event not occurred.
To the Company’s knowledge, the patents included in the Intellectual Property are subsisting and have not lapsed and the patent applications in the Intellectual Property are subsisting and, except as would not reasonably be expected to have a Material Adverse Event, have not been abandoned.