Material Detriment definition

Material Detriment means variations to your Agreement which are likely to be of significant detriment to you, such as an increase in our call Charges for the Services by an amount which is more than the percentage increase in the retail prices index figure (or any future equivalent) in any twelve month period;
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Material Detriment has the meaning ascribed thereto in Section 6.6(d);
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Material Detriment. ’ means any terms, conditions or regulatory commitments, whether by recognition order, undertaking, consent agreement or otherwise, that would individually or in the aggregate be reasonably expected to: (a) have a material adverse effect on the businesses, results of operations, or financial condition of TMX Group, Alpha Group and CDS (taken as a whole), taking into account Maple’s currently contemplated plans for such businesses as described by Maple in the June 13 Maple Offer and Circular, as previously amended, and in the Securities Applications and any value which is reasonably expected to be realized in connection with the Maple Acquisition, the Contemplated Transactions and the other transactions contemplated by the Support Agreement based on such described plans; (b) materially impair the value of the investment of any of the Investors or their affiliates in either Alpha Group or CDS; or (c) materially impair the governance or other legal rights of any of the Investors in respect of its investment in Maple, as provided for in the Acquisition Governance Agreement in effect on October 30, 2011, and for greater certainty and without limitation, the following events are deemed to constitute or result in a Material Detriment under the Support Agreement: (i) any commitment required by any Governmental Entity that would reduce the synergies reasonably expected to be realized from the Maple Acquisition and the Contemplated Transactions by more than 50% of the synergies estimated by Maple; (ii) a requirement that any of the Investors or their affiliates commit any material trading volume to any trading venue or venues or otherwise alter its trading activities, practices or business in any material adverse way (except as contemplated in clause (iii) of the definition of Contemplated Transactions in the Support Agreement); (iii) a material restriction on the authority or ability of Maple or any of its Subsidiaries after the completion of the Maple Acquisition, the Contemplated Transactions and the other transactions contemplated by the Support Agreement, taken as a whole, to operate consistently with past practice or with Maple’s currently contemplated plans for TMX Group, Alpha Group and CDS as described by Maple in the June 13 Maple Offer and Circular, as previously amended, and in the Securities Applications; (iv) a prohibition on Maple acquiring any of TMX Group, Alpha Group or CDS; (v) the imposition by any Governmental Entity of any limitations on the pe...
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Examples of Material Detriment in a sentence

  • Material Detriment – The following shall not be a material detriment to Customer: (a) an increase in monthly Charges of less than 10% in a 12 month period; or (b) a change, withdrawal or increase which relates to a Third Party Service which Customer may stop using or cancel without ending this Agreement.

  • In the event that we make changes to this Agreement that are likely to cause a Material Detriment to you, you will be entitled to terminate this Agreement within 30 days of Comms Group notifying you of such changes.


More Definitions of Material Detriment

Material Detriment means an increase to Charges of more than the RPI Percentage announced in the month preceding the increase.
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Related to Material Detriment

  • Material Deviation refers to any contents or characteristics of the proposal that is significantly different from an essential aspect or requirement of the RFP, and : (i) substantially alters the scope and quality of the requirements; (ii) limits the rights of UNDP and/or the obligations of the offeror; and (iii) adversely impacts the fairness and principles of the procurement process, such as those that compromise the competitive position of other offerors.

  • Material Gas Imbalance means, at any time, with respect to all Gas Balancing Agreements to which any Credit Party is a party or by which any Mineral Interest owned by any Credit Party is bound, a net gas imbalance at such time to all such Credit Parties in excess of, in the aggregate, three percent (3%) of the Borrowing Base then in effect.

  • Material Loss means an uninsured:

  • material hoist means a hoist used to lower or raise material and equipment, excluding passengers; "medical certificate of fitness" means a certificate contemplated in regulation 7(8);

  • Material Environmental Liabilities means Environmental Liabilities exceeding $500,000 in the aggregate.

  • Material means material in relation to the business, operations, affairs, financial condition, assets or properties of the Company and its Subsidiaries taken as a whole.

  • Material Document Defect As defined in Section 2.03(a) of this Agreement.

  • Material Company means, at any time:

  • Adverse Effect has the meaning assigned to such term in Section 2.1.5;

  • Material Property means all Real Property owned in fee in the United States by any Credit Party, in each case, with a fair market value of $7,425,000 (as determined by the Borrower in good faith) or more, as determined (i) with respect to any Real Property owned by any Credit Party on the Closing Date, as of the Closing Date, and (ii) with respect to any Real Property acquired by a Credit Party after the Closing Date, as of the date of such acquisition.

  • Material Group Company means the Issuer or a Subsidiary representing more than 10.00 per cent. of either (i) the total assets of the Group on a consolidated basis (for the avoidance of doubt, excluding any intra-group transactions) or (ii) the EBITDA of the Group on a consolidated basis according to the latest Financial Report.

  • Material Action means to consolidate or merge the Company with or into any Person, or sell all or substantially all of the assets of the Company, or to institute proceedings to have the Company be adjudicated bankrupt or insolvent, or consent to the institution of bankruptcy or insolvency proceedings against the Company or file a petition seeking, or consent to, reorganization or relief with respect to the Company under any applicable federal or state law relating to bankruptcy, or consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or a substantial part of its property, or make any assignment for the benefit of creditors of the Company, or admit in writing the Company's inability to pay its debts generally as they become due, or take action in furtherance of any such action, or, to the fullest extent permitted by law, dissolve or liquidate the Company.

  • Material Project means the construction or expansion of any capital project of the Borrower or any of its Subsidiaries, the aggregate capital cost of which exceeds $25,000,000.

  • Material of Environmental Concern means and includes pollutants, contaminants, hazardous wastes, and toxic, radioactive, caustic or otherwise hazardous substances, including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having any constituent elements displaying any of the foregoing characteristics.

  • Material date means the date of publication of notification of various controlled area declared as under:-

  • Material Customer has the meaning set forth in Section 3.21(a).

  • Material Condemnation has the meaning set forth in Section 14.2.1.

  • Material Real Property means any real property owned by any Loan Party with a fair market value in excess of $5,000,000.

  • Material Customers has the meaning set forth in Section 3.15(a).

  • Significant change means a major decline or improvement in the tenant’s status which does not normally resolve itself without further interventions by staff or by implementing standard disease-related clinical interventions that have an impact on the tenant’s mental, physical, or functional health status.

  • Material Properties means the material mineral properties and projects of the Corporation and Subsidiaries, more particularly set out in Schedule “B” hereto (which schedule is incorporated into and forms part of this Agreement), including, without limitation, the material mineral properties known as the Twangiza, Lugushwa, Namoya and Kamituga deposits, and each a “Material Property”;

  • Material Environmental Amount an amount payable by the Borrower and/or its Subsidiaries in excess of $5,000,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.

  • Material Compliance Matter has the same meaning as the term defined in Rule 38a-1, and includes any compliance matter that involves: (1) a violation of the federal securities laws by Distributor (or its officers, directors, employees, or agents); (2) a violation of Distributor's Rule 38a-1 policies and procedures; or (3) a weakness in the design or implementation of Distributor's Rule 38a-1 policies and procedures.

  • Material Supplier has the meaning set forth in Section 3.20.

  • Material Insurance Subsidiary means a Material Subsidiary that is also an Insurance Subsidiary.

  • Material Permit shall have the meaning ascribed to such term in Section 3.1(n).