Material Compliance Clause Samples
The Material Compliance clause establishes that a party must substantially adhere to the key terms and obligations set forth in the agreement. In practice, this means that minor or insignificant breaches may not constitute a violation, but any failure to meet essential requirements could be considered non-compliance. This clause helps ensure that only significant deviations from the contract's core provisions are actionable, thereby focusing attention on important obligations and reducing disputes over trivial matters.
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Material Compliance. If Provider fails to keep, observe, or perform any material agreement, term, or provision of this Contract for a period of thirty (30) calendar days after notice from the Board specifying the event or events of default. However, no Event of Default shall be deemed to exist where the act, event, or condition is one which by its nature or circumstances reasonably requires more than thirty (30) days to cure and Provider, promptly following receipt of the Board’s notice, in good faith initiates and diligently pursues measures which, upon their conclusion, may reasonably be expected to cure or eliminate the noticed act, event, or condition;
Material Compliance. The Company and the Subsidiaries are in material compliance with all Environmental Laws in respect of the Mineral Properties.
Material Compliance. To the Knowledge of Company, there are no circumstances that are reasonably likely to prevent or interfere with material compliance with Environmental Laws by Company or its Subsidiaries in the future;
Material Compliance. 5.1 Material data sheets The Partner must provide in the sense of IMDS (International Material Data System) correct and complete IMDS material data sheets free of charge for all new and modified components or articles as well as for all substructure parts and/or service products contained in the spare parts. Within the course of new and change sampling, the material data sheets must be made available at the latest with the request for sampling. Incorrect material data sheets are rejected and must be corrected as soon as possible. Material data sheets not yet provided within the supplier relationship can be requested. Material data sheets shall also be provided for such articles that are to be used in new series and for which no sampling takes place. With regard to the delivery of plastic components, the Partner is obliged to document the use of recycled materials in IMDS. The exact proportion of recycled material [mass %] must be specified in the “Recycled material” tab. The Partner must report on further recycled material quotas beside plastic components in products upon request.
5.2 Prohibitions and restrictions on substances as well as declaration The Partner has to comply with prohibitions and restrictions as well as declaration regulations regarding substances, mixtures, products and materials. For substances and mixtures in articles, the partner must at least comply with the specifications of the Global Automotive Declarable Substance List (“GADSL”), insofar as no further requirements are regulated in this DTST36/03. For operating and process materials, the substance prohibitions in Daimler-Benz Supply Specification (DBL) 3585 and Daimler-Benz Supply Specification (DBL) 6714 must be complied with and an up- to-date safety data sheet must be supplied.
Material Compliance. If Operator fails to keep, observe, or perform any material agreement, term, or provision of this Agreement, and such default continues for a period of thirty (30) calendar days after notice thereof has been given to Operator by the Board specifying the event or events constituting the default, provided that no Event of Default shall be deemed to exist hereunder where the act, event, or condition noticed as constituting the default is one which by its nature or circumstances reasonably requires more than thirty (30) days to cure, and promptly following receipt of notice, Operator in good faith initiates and diligently pursues measures which upon conclusion may reasonably be expected to have cured or eliminated the noticed act, event, or condition;
Material Compliance. Buyer is in material compliance with all applicable Laws and Buyer Contracts relating to this Agreement, and the operation of its business.
Material Compliance. To the Knowledge of Parent, there are no circumstances that are reasonably likely to prevent or interfere with compliance with Environmental Laws by Parent or its Subsidiaries in the future.
Material Compliance. Each of the Corporation Plans is, and has been, operated in all material respects in accordance with its terms and each of the Corporation Plans, and administration thereof, is, and has been, in compliance in all material respects with the requirements provided by any and all applicable statutes, orders or governmental rules or regulations currently in effect, including, but not limited to, ERISA and the Code.
Material Compliance. The Borrower and its Subsidiaries shall be in compliance with all existing material financial obligations after giving effect to the UGen▇ ▇▇▇uisition. The Borrower and U-Gene shall have fully complied with the terms of Section 6.11.
Material Compliance. Licensee is in material compliance with all requirements set forth in each of the FCC licenses pertaining to the Station and in material compliance with all legal requirements associated with the operation of the Station.