Common use of Materiality Exception Clause in Contracts

Materiality Exception. The Grantors have the right not to comply with the provisions of Section 8(a) with respect to Deposit Accounts having total collected balances, together with any cash not held in a Deposit Account, that do not, at any time, exceed $500,000 in the aggregate for all Grantors.

Appears in 1 contract

Sources: Security Agreement (Protalix BioTherapeutics, Inc.)

Materiality Exception. The Grantors have the right not to comply with the foregoing provisions of this Section 8(a) with respect to Deposit Accounts having total collected balances, together with any cash not held in a Deposit Account, balances that do not, not at any time, time exceed $500,000 in the aggregate for all Grantors.

Appears in 1 contract

Sources: Security Agreement (Protalix BioTherapeutics, Inc.)