Major Error definition

Major Error means any demonstrable Error in the Product that: (a) causes the Product to have a significant loss of intended function as set forth in the specifications for the Product; (b) causes or is likely to cause data to be lost or destroyed; or (c) prevents the Product from being installed or executed on the properly configured environment.
Major Error means a Software Error that prevents Licensee to use a non-critical function of the Software and strongly affects Users’ workflow and processes.
Major Error means when the combined total of all errors and the impacts thereof substantially alters the amount of equity or the amount of technical provisions in the manner and to the extent set forth in the accounting policy, rendering - in consequence - any financial, income and earnings figures already disclosed misleading. It shall be treated as a major error, without exception, if the error results in a variation of at least 20 per cent (whether negative or positive) in the amount of equity shown in the balance sheet for the financial year preceding the year in which the error was discovered, or if it alters the amount of any particular type of technical provision by 3 per cent or more of the balance sheet total of the financial year preceding the year in which the error was discovered;

Examples of Major Error in a sentence

  • Customer will classify each Error as a Critical Error, Major Error or Minor Error.

  • Dialogic will reclassify a Major Error as a Minor Error if there is a suitable Workaround with adequate documentation.

  • Priority 2: Major Error Response time: twenty-for (24) hours The Minor Errors are not subject to any response time.

  • Dialogic will reclassify a Critical Error as a Major Error if there is a suitable Workaround with adequate documentation.

  • SDIC Power established the Accountability System for Major Error in Annual Report.


More Definitions of Major Error

Major Error means if, in the year when discovered by any form of audit, the total of all errors (whether negative or positive) for a given financial year (separately for each year) and the impacts thereof - increasing or decreasing the profit or loss or the equity - exceeds the value limit set out in the accounting policy. Errors shall be construed as major in all cases if, in the year when discovered by audit, the aggregate amount of all errors (whether negative or positive) for the same year and the aftereffects thereof - increasing or decreasing the equity - exceeds 2 per cent of the balance sheet total of the year audited, or 500 million forints, if such 2 per cent of the balance sheet total exceeds 500 million forints;
Major Error means any Software or Firmware Error that causes one or more material components to fail to function as specified in its applicable Documentation.
Major Error means (i) a failure of the Software to substantially conform to the Specifications and/or Documentation governing such Software, which failure materially impacts the operational or functional performance of such Software or the Filtering Functionality, or (ii) any defect, bug, inefficiency or error that renders the Software inoperative, causes it to fail catastrophically, or prevents Microsoft from using the Software or Filtering Functionality in the normal business operations contemplated by this Agreement.
Major Error means the SaaS Product, Component and/or Services or a critical part thereof is unavailable with no bypass or workaround, or with a bypass or workaround that is intolerable or has major impact on the Customer’s ability to conduct its business.
Major Error or “P2” an Error, which [****]
Major Error means any demonstrable Error in the SIVAULT Products that: (a) causes the SIVAULT Products to have a significant loss of intended function as set forth in the specifications for the SIVAULT Products; (b) causes or is likely to cause data to be lost or destroyed; or (c) prevents the SIVAULT Products from being installed or executed on the properly configured environment.
Major Error means a substantial deviation from accuracy or correctness. Major errors include but are not limited to: