Immaterial Violation definition
Immaterial Violation means any violation of Applicable Laws that will not result in (i) the imposition of a fine or penalty against the Borrower, the applicable Property Company or the Facility in excess of $100,000 for one violation or $250,000 per annum in the aggregate for any and all violations, (ii) the expenditure of a material amount to correct or remedy such violation or (iii) the termination or suspension of a Material Permit.