Material Obligation definition

Material Obligation means an obligation of the Recipient that is material to this transaction.

Material Obligation means the material obligations of a party under the Technology Agreement, the Development Agreement or the Manufacturing and Marketing Agreement.

Material Obligation means [i] any indebtedness secured by a security interest in or a lien, deed of trust or mortgage on the Facility (or any part thereof, including any Personal Property) and any agreement relating thereto; [ii] any obligation or agreement that is material to the construction or operation of the Facility or that is material to Borrower’s business or financial condition; and [iii] any indebtedness or capital lease that has an outstanding principal balance of at least $2,000,000.00 and any agreement relating thereto.

Examples of Material Obligation in a sentence

• Non-fulfilment of a Material Obligation and Cross-Default A Party's non-fulfilment of any material obligation under any Transpor- tation Agreement shall normally constitute a serious breach of all Trans- portation Agreements.

• A reply by a requisitioner to a Material Obligation Validation Request advising the supplier to either: (1) hold a material obligation until supplied, or (2) cancel all or a portion of a material obligation.

• Each of the following is an event of default (“Event of Default”) hereunder: 3.2.1 Breach of Material Obligation.

• Notwithstanding the provision in Section11.1, in the event of a negligent breach of a Material Obligation evidenced by Customer, the amount of Bosch’s liability for all damaging events occurring in the same contract year is limited to 100% of the fees incurred under the Account of the Customer in the year of the damaging event, however, at least Euro 50,000 per contract year.

• Law on Military, Labour and Material Obligation, No. 88/2009, enacted 2009.

More Definitions of Material Obligation

Material Obligation means any obligation or liability in an amount equal to or in excess of $100,000,000.

Material Obligation as to any Person, an Obligation of such Person which if not fully and timely paid or performed would have a Material Adverse Effect on such Person.

Material Obligation means an obligation of the Recipient that is material to this transaction, including System Obligations.

Material Obligation means [i] any indebtedness secured by a security interest in or a lien, deed of trust or mortgage on any of the Leased Property (or any part thereof, including any Personal Property) and any agreement relating thereto; [ii] any obligation or agreement that is material to the construction or operation of the Facility or that is material to Tenant's business or financial condition; [iii] any indebtedness or capital lease of Tenant that has an outstanding principal balance of at least $50,000.00 and any agreement relating thereto; [iv] any obligation to or agreement with the Issuer relating to the Letter of Credit; and [v] any sublease of the Leased Property.

Material Obligation means a payment or performance obligation of a Client, which in the event of the Client’s default, would likely jeopardize Client’s ability to continue to conduct its business as previously conducted.

Material Obligation means any capitalized lease, derivative instrument or Guaranty Obligation.

Material Obligation means [i] any indebtedness secured by a security interest in or a lien, deed of trust or mortgage on any of the Leased Property and any agreement relating thereto; [ii] any obligation or agreement that is material to the operation of the Facility; [iii] any indebtedness or capital lease of Tenant that has an outstanding principal balance of at least $1,000,000.00 in any one instance or at least $1,000,000.00 in the aggregate and any agreement relating thereto; [iv] any obligation to or agreement with the Issuer relating to the Letter of Credit; and [v] any sublease of the Leased Property.