Material Reason has the meaning specified in § 9.5 (Definition of Material Reason);
Material Reason has the meaning as specified in § 18.5 (Definition of Material Reason); "Meter Outage Event" has the meaning as specified in § 6.4 (Meter Outage Event);
Material Reason means each of the Events of Default and Termination Events specified in Section 5 herein.
Examples of Material Reason in a sentence
The failure by a Party to transfer any amount which is the subject of a dispute to which this Clause 8 applies will not constitute a Material Reason for as long as the procedures set out in this Clause 8 are being carried out.
Should a Material Reason have occurred in relation to the Valuation Agent designated in accordance with sentences one or two of this Clause 2.1, the Party in relation to which the Material Reason does not subsist shall assume the function of Valuation Agent for so long as the Material Reason subsists.
More Definitions of Material Reason
Material Reason has the meaning specified in § 10.5 (Definition of Material Reason); “Negotiation Period” has the meaning specified in § 14.8 (Termination for New Tax);
Material Reason. For the purposes of Section 5(g) of the Master Agreement, a Material Reason shall also exist with respect to a Party if such Party fails to transfer, when due, Eligible Credit Support under Clause 3, Clause 4 or Clause 8 or a Letter of Credit Default has occurred, and such failure or Letter of Credit Default is not cured within (3) Business Days of written demand by the other Party. Clause11 Termination of the Agreement
Material Reason has the meaning specified in § 10.5 (Definition of a Material Reason); "Megawatt Hours" or "MWh" means three decimal six (3.6) GJ;
Material Reason has the meaning set forth in Article 40 (Definition of Material Reason);
Material Reason has the meaning given to it in Clause 7.3 of these Common User Terms;
Material Reason ha s the me an in g spec ifie d in § 9 .5 ( Definition of Material Reason);
Material Reason means (I) THE ASSIGNMENT TO EXECUTIVE (WITHOUT EXECUTIVE'S WRITTEN CONSENT) OF ANY POSITION, DUTIES OR RESPONSIBILITIES WHICH EXECUTIVE, IN HIS REASONABLE JUDGMENT, DEEMS TO BE MATERIALLY AND SUBSTANTIALLY LESS FAVORABLE THAN HIS POSITIONS, DUTIES AND RESPONSIBILITIES WITH EMPLOYER IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT, (II) A CHANGE IN EXECUTIVE'S REPORTING RESPONSIBILITIES, STATUS, TITLES OR OFFICES AS IN EFFECT IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT (WITHOUT EXECUTIVE'S WRITTEN CONSENT) WHICH EXECUTIVE, IN HIS REASONABLE JUDGMENT, DEEMS TO BE MATERIALLY ADVERSE TO EXECUTIVE, (III) A REDUCTION IN EXECUTIVE'S BASE SALARY AS IN EFFECT AT THE TIME OF SUCH MATERIAL CORPORATE EVENT; (IV) A FAILURE TO CONTINUE TO PROVIDE INCENTIVE COMPENSATION PLANS OR OTHER EMPLOYEE BENEFITS OR COMPENSATION PLANS, IN THE AGGREGATE, REASONABLY COMPARABLE TO THOSE PROVIDED IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT; (V) A MATERIAL BREACH OF THIS AGREEMENT BY EMPLOYER; OR (VI) A REQUIREMENT THAT EXECUTIVE REPORT TO AN OFFICE MORE THAN 25 MILES FURTHER FROM EXECUTIVE'S RESIDENCE AT THE TIME OF SUCH MATERIAL CORPORATE EVENT THAN THE OFFICE TO WHICH EXECUTIVE WAS REQUIRED TO REPORT IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT.