Major Issue definition

Major Issue means a question or decision which, alone or in the aggregate with related questions or decisions, would have or would reasonably be expected to have a financial impact of more than $1,000,000 on the operations, finances, capitalization or strategic direction of Holding Company or any of its Subsidiaries, other than as set forth in any plan of operation or annual budget or business plan which has been approved by the board of directors of Holding Company.

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Major Issue shall be settled by arbitration in accordance with the Rules of the American Arbitration Association (the "AAA Rules") and the Federal Arbitration Act. The determination of the arbitrator shall be expedited to the fullest extent possible, consistent with the AAA Rules, and such determination shall be deemed final. In the event arbitration is invoked as provided herein, the time periods set forth below for the conduct of the Auction shall not begin to run until after the arbitrator's decision is received by the parties.

Major Issue shall have the meaning set forth in Section ‎7.1.4.

Examples of Major Issue in a sentence

All of the documents to be delivered by the Seller pursuant to Section ‎4.2.1 above shall have been executed and delivered to the Buyer at or prior to the Closing Date, which includes the delivery of the Disclosure Schedule and all other schedules which are required to be annexed hereto as of the Closing, the lack of which would constitute a Major Issue.
Buyer’s Due Diligence Review (including its review of the Seller Disclosure Schedule) shall not have revealed any Major Issue that was not substantially remedied by Seller until the Closing.
Seller shall have obtained all Approvals and other consents by any Person, the lack of which would constitute a Major Issue.
ALIC and AML agree that any disputes arisi▇▇ ▇ut of or relating to the determination of whether a question or decision constitutes a "Major Issue" shall be settled by arbitration in accordance with the Rules of the American Arbitration Association (the "AAA Rules") and the Federal Arbitration Act.
Vars Custom Major Issue < 30 minutes < 4 hour Local Issue <2hours < 12 hour Minor Issue < 24 hours < 24 hours Informative request < Max 24 hours < 48 hours If the customer is unsure of the success offering associated with the customer’s ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇ account, the customer may be found at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇/▇▇▇/▇▇▇▇ domain/overview (upper left corner) or by email ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇/▇▇▇/▇▇▇▇ domain/support for details.
Severity of Support Case S0: No Access to ZynBit-System meltdown [24/7 Support Available] Phone/Remote-in ZynBit production environment is down and none of your users can login or access ZynBit Same Business Day Same Business Day S1: Major Issue- Help me now [12/5Support Available] Phone/Email/Chat Significant functionality is impaired for most users.
In the case of a Major Issue, in lieu of holding a meeting, the Members may vote or otherwise take action by a written instrument indicating the consent of Members holding fifty percent (50%) or more of the Class Percentages of the Members of each class of Member then held by the Members of each class of Member.
A Vehicle listed for sale on the TradeRev System will be sold "As Is" if it satisfies any one of the following criteria: (i) the Vehicle’s odometer reading exceeds 200,000 miles; (ii) the Vehicle is 20 or more model years old; (iii) at least one Major Issue is identified with respect to the Vehicle; or (iv) the Vehicle is designated “As Is” by the Seller.
One (1) Hour 2 Major Issue where operation of the system is considered severely limited, however operation can continue in a restricted fashion.

More Definitions of Major Issue

Major Issue means a major issue with performance and enterprise-wide effects involving unavailability of a feature or significant degrading of performance.

Major Issue shall have the meaning set forth in Article III "PERMITS" shall have the meaning set forth in Article I(F.) "PERMITTED EXCEPTIONS" shall have the meaning set forth in Article IV "PERSONAL PROPERTY" shall have the meaning set forth in Article I(C.) "PROPERTY" shall have the meaning set forth in Article I. "PROPERTY INFORMATION" shall have the meaning set forth in Article III "PURCHASE MONEY NOTE" shall have the meaning set forth in Article II "PURCHASER'S NOTICE" shall have the meaning set forth in Article III(D.) "PURCHASER'S REPORTS" shall have the meaning set forth in Article III(C.) "PURCHASER'S REPRESENTATIVES" shall have the meaning set forth in Article XXV "REACQUISITION PARCELS" shall have the meaning set forth in Article II "REAL PROPERTY" shall have the meaning set forth in Article I(B.) "SELLER'S CLOSING CERTIFICATE" shall have the meaning set forth in Article VI "SELLER'S LEASE" shall have the meaning set forth in Recital C "SELLER'S REPRESENTATIVES" shall have the meaning set forth in Article XXIV "SERVICE AGREEMENTS" shall have the meaning set forth in Article III(C.) "SPECIAL WARRANTY DEED" shall have the meaning set forth in Article IV "TENANT" shall have the meaning set forth in Recital C "TITLE COMMITMENT" shall have the meaning set forth in Article III(B.) "TITLE COMPANY" shall have the meaning set forth in Article II "TITLE REVIEW PERIOD" shall have the meaning set forth in Article IV "TITLE DEFECTS" shall have the meaning set forth in Article IV "TITLE DOCUMENTS" shall have the meaning set forth in Article III(B.) "TITLE POLICY" shall have the meaning set forth in Article IX(B.) "WARRANTY MODIFICATIONS" shall have the meaning set forth in Article VI(A.)

Major Issue means any issue that affects the functionality of the Software Products but does not cause severe disruption to the Customer's operations.

Major Issue which means any of the following conditions: (A) a history of fire or flood exposure or damage; (B) the vehicle will not start; (C) structural damage (or the structure of the vehicle has been altered or repaired); (D) modified or aftermarket (i.e., non‐OEM) suspension (or a suspension that requires repair); (E) TMU (“true miles (kilometers) unknown” or “not actual miles (kilometers)” or for which the true odometer reading is unknown); (F) existing damage caused by collision to three or more panels; (G) at least one exterior body panel is missing; (H) a suspected major engine, transmission or drivetrain problem (e.g., engine is knocking or vehicle will not move); (I) modified or aftermarket (i.e., non‐OEM) exhaust or emission system; or (J) for electric and hybrid vehicles only, a suspected issue with the battery that powers the propulsion of the vehicle (e.g., an abnormal charge capacity reading).

Major Issue means any Issue in which the Service is significantly impaired and unavailable from multiple ISPs (e.g., a situation where one or more of the customer’s websites are inaccessible to End Users in multiple geographies).