Material and Materially Sample Clauses
The 'Material and Materially' clause defines the meaning and scope of the terms 'material' and 'materially' as used throughout the agreement. It clarifies that references to something being 'material' or occurring 'materially' relate to matters or changes that are significant enough to affect the rights, obligations, or interests of the parties involved. For example, a 'material breach' would be a violation serious enough to justify termination or legal action, rather than a minor or technical infraction. This clause ensures that both parties have a shared understanding of what constitutes a significant issue, thereby reducing ambiguity and potential disputes over the importance of certain events or breaches.
Material and Materially. “Material” and “Materially”, unless otherwise specifically defined, shall mean and include any specified item, event or matter which, in the aggregate, results in, or may have as a result, an impact which exceeds or may exceed $25,000.00.
Material and Materially. Material" and "materially" shall have the meanings ascribed to such terms under Generally Accepted Accounting Principles as such would be applied to the business of the Borrowers or others, except as the context shall clearly otherwise require.
Material and Materially. 2.2 Capitalized Terms Used in Other Documents 12 1.2.3 Pronouns, Sections and Articles . . . 12 1.2.4