Immaterial definition

Immaterial in this section means (i) up to three salaries; (ii) if no salaries are paid, then the average monthly payment (annual fee and per-board meeting fee) for a non-executive director in the previous year.

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Immaterial means a function that does not have a significant impact on the RFI’s ability to meet its legal/regulatory requirements, obligations to customers, reporting requirements, financial performance or continue its business operations or the effectiveness of internal controls;

Immaterial means any damage or destruction that is not "material", as hereinafter defined) of any Property, Limited Partner shall close title as provided in this Agreement and, at the Closing, Contributor Parent shall, unless Contributor Parent has repaired such damage or destruction prior to the Closing, (A) pay over to Limited Partner the proceeds of any insurance collected by Contributor Parent less the amount of all costs incurred by Contributor Parent in connection with the repair of such damage or destruction, (B) credit Limited Partner at Closing with the amount of any deductible under the policy for the applicable Property, and (C) assign and transfer to Limited Partner all right, title and interest of Contributor Parent in and to any uncollected insurance proceeds which Contributor Parent may be entitled to receive from such damage or destruction. A "material" part of a Property shall be deemed to have been damaged or destroyed if the cost of repair or replacement, as reasonably estimated by Contributor Parent, shall exceed the greater of (a) three percent (3%) of the Purchase Price of such Property set forth in Exhibit 1.24; or (b) $250,000.

Examples of Immaterial in a sentence

The Borrower will, and will cause each of its Subsidiaries (other than Immaterial Subsidiaries) to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03.
The Borrower will not, nor will it permit any of its Subsidiaries (other than Immaterial Subsidiaries) to, engage to any material extent in any business other than in accordance with its Investment Policies.
The Borrower will, and will cause each of its Subsidiaries (other than Immaterial Subsidiaries) to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.
The Borrower will not, nor will it permit any of its Subsidiaries (other than Financing Subsidiaries or Immaterial Subsidiaries) to, enter into any transaction of merger or consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution).
The Borrower will, and will cause each of its Subsidiaries (other than Immaterial Subsidiaries) to, keep books of record and account in accordance with GAAP in all material respects.

More Definitions of Immaterial

Immaterial means a Contract (or group of related Contracts) that either (i) does not provide for any payment, consideration, or other financial obligation on the part of Seller or the Business, or (ii) provides for a payment, consideration, or other financial obligation on the part of Seller or the Business and is cancellable or performable at a cost of $7,500 or less.

Immaterial is herein deemed to be any damage or destruction which is not "material", as such term is hereinafter defined) of the Property, Purchaser shall close title as provided in this Agreement and, at the Closing, Seller shall, unless Seller has repaired such damage or destruction prior to the Closing, (x) pay over to Purchaser the proceeds of any insurance collected by Seller less the amount of all costs incurred by Seller in connection with the repair of such damage or destruction plus the lesser of (A) the amount of the deductible under the applicable insurance policy or (B) the estimated cost of repair of such damage or destruction as reasonably estimated by Seller and approved by Purchaser, and (y) assign and transfer to Purchaser all right, title and interest of Seller in and to any uncollected insurance proceeds which Seller may be entitled to receive from such damage or destruction. A "material" part of the Property shall be deemed to have been damaged or destroyed if the cost of repair or replacement shall, together with any costs to repair or replace any of the property covered by the Other Sale Agreements due to fire or other casualty and the estimated cost of any lost rents not covered by an assignment of any rights of Seller to rental loss insurance which may under the terms of Seller's insurance policy be assigned to Purchaser, exceed $3,000,000 in the aggregate.

Immaterial. : This means that the question asked is not actually related to the story

Immaterial means that something is neither significant nor important.

Immaterial means irrelevant, unimportant, negligible, of no importance, so the phrase "immaterial differences" means irrelevant, unimportant or negligible differences. Such differences are defined in Article 4, paragraph 3 as those that cannot be distinguished by an informed person at first sight.

Immaterial as defined below), CM Partnership shall notify IHL of such fact and IHL shall have the option to terminate this Agreement upon notice to CM Partnership given not later than twenty (20) days after receipt of CM Partnership's notice. If IHL terminates this Agreement as aforesaid, none of the parties shall have any further rights or obligations hereunder, except such rights or obligations specified in this Agreement to survive the termination of this Agreement. If IHL does not exercise this option to terminate this Agreement, CM Partnership shall contribute and transfer to Partnership all insurance proceeds. In the event there is damage to or destruction of an immaterial part of the Property or an immaterial part of a means of ingress or egress by fire or other casualty, the damage shall be repaired by CM Partnership and the Closing Date shall be adjourned at CM Partnership's request for one or more specified periods, not exceeding ninety (90) days in the aggregate, in order to permit CM Partnership to make such repairs, it being agreed that if such repairs are not completed within said ninety (90) day period, IHL may elect to (i) terminate this Agreement, on the same terms as if the Property had suffered material damage, or (ii) postpone the Closing Date for one or more further periods, not exceeding ninety (90) days in the aggregate, until such repairs are completed, or (iii) close under this Agreement notwithstanding that such repairs have not been completed, in which event CM Partnership's obligation to make such repairs shall

Immaterial shall refer to a level of insignificance that would not have affected any decision of a reasonable person in the Purchaser’s position regarding whether to enter into this Agreement or would not affect any decision of a reasonable person in the Purchaser’s position regarding whether to consummate the Transaction.