Material Provision Clause Samples
A Material Provision clause identifies and highlights the most critical terms or obligations within a contract that are essential to its overall purpose. In practice, this clause specifies which provisions are considered so fundamental that their breach could justify significant remedies, such as contract termination or damages. For example, payment terms, confidentiality obligations, or delivery requirements might be designated as material provisions. The core function of this clause is to ensure that both parties clearly understand which parts of the agreement are most important, thereby reducing ambiguity and helping to allocate risk if a serious breach occurs.
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Material Provision. This clause 7 is a material provision of this Agreement and the obligations outlined in this
Material Provision. It is agreed between Consultant and Agenus that this Article 6 is deemed by the Parties to be a material provision of this Agreement.
Material Provision. Any material provision of any Loan Document for any reason ceases to be valid, binding and enforceable in accordance with its terms;
Material Provision. Any material provision of this Agreement shall, for any reason, cease to be valid and binding on Borrower, or Borrower shall so claim in writing to Lender;
Material Provision. Any material provision of any Loan Document after delivery thereof shall for any reason cease to be valid and binding on or enforceable against any Loan Party which is party to it, or any such Loan Party shall so state in writing; or
Material Provision. Employee's compliance with the terms of this confidentiality provision is a material requirement of this Agreement.
Material Provision. 60 measurement date................................................................................................. 15
Material Provision. Vendor and RMI agree that Article 5.3 and Article 5.4 are material provisions of this Agreement without which RMI would not have entered into this Agreement.
Material Provision. The requirements of this Section 16 are material provisions of this Subcontract, as such; Subcontractor’s failure or refusal to comply with any of its requirements is considered a condition of default under Section 30 (Termination).