ADVERSE IMPACT, SIGNIFICANT Clause Samples
The "Adverse Impact, Significant" clause defines what constitutes a significant negative effect or consequence within the context of an agreement. Typically, this clause sets specific thresholds or criteria—such as financial loss, operational disruption, or legal consequences—that must be met for an impact to be considered significant. For example, it may specify that only losses exceeding a certain monetary value or disruptions lasting beyond a set period qualify. The core function of this clause is to provide clarity and set objective standards for when parties can invoke certain rights or remedies, thereby reducing ambiguity and potential disputes over what qualifies as a significant adverse impact.
ADVERSE IMPACT, SIGNIFICANT. An adverse impact with more than moderate adverse effects on environmental quality. What is considered significant will vary from one site to another, and from one jurisdiction to another, both because of specific existing conditions at a particular location, and because of the judgement of the responsible official.