Financial Material definition
Examples of Financial Material in a sentence
The cost of such inspection or review will be an allowable cost under the rate setting methodology unless there are findings pursuant to Section 12.8 (Financial Material Errors, Omissions, or Irregularities).
There shall not have occurred any Carolina Financial Material Adverse Effect from the March 31, 2017 balance sheet to the Effective Time with respect to Carolina Financial.
All such Permits are in full force and effect, no violations have occurred with respect to any such Permits, and no proceeding is pending or, to the Knowledge of 1st Financial, threatened or probable of assertion, to suspend, cancel, revoke or limit any Permit, except in cases in which the failure to obtain or maintain in force any such Permit, or the violation thereof, will not have a 1st Financial Material Effect.
Each Party shall have obtained any and all Consents required for consummation of the Merger (other than those referred to in Section 8.1(b)) or for the preventing of any Default under any Contract or Permit of such Party which, if not obtained or made, would be reasonably likely to have, individually or in the aggregate, a First South Material Adverse Effect or a Carolina Financial Material Adverse Effect, as applicable.
The Company shall deliver, within 21 days after the end of each month that could be included in a Testing Period for the determination of Financial Material Adverse Effect, its calculation of Adjusted Consolidated Revenue and EBITDA for such month and reasonable detail of the calculation thereof (provided that the Company’s calculation of Adjusted Consolidated Revenue and EBITDA for the month of July 2007 shall not be required to be delivered until 21 days after the end of August 2007).
There shall not have occurred any Carolina Financial Material Adverse Effect from the March 31, 2019 balance sheet to the Effective Time with respect to Carolina Financial.
Each Party shall have obtained any and all Consents required for consummation of the Merger (other than those referred to in Section 8.1(b)) or for the preventing of any Default under any Contract or Permit of such Party which, if not obtained or made, would be reasonably likely to have, individually or in the aggregate, a Carolina Trust Material Adverse Effect or a Carolina Financial Material Adverse Effect, as applicable.
The cost of such audits will be an allowable cost under the rate setting methodology unless there are findings pursuant to Section 12.5 (Financial Material Errors, Omissions, or Irregularities).
There is no Action pending or, to the knowledge of Ameriprise Financial, threatened, to which Ameriprise Financial is a party, that, either individually or in the aggregate, reasonably could be expected to (i) materially and adversely affect the Offering, (ii) prevent or restrict the consummation of the transactions contemplated by this Agreement or (iii) have an Ameriprise Financial Material Adverse Effect.
The letter should also describe how each Financial Material Change is anticipated to affect the organizational and financial capabilities of the relevant entity with respect to the performance of its obligations under the Guaranty.