Examples of Material Adverse Change (or Effect) in a sentence
The SFAS 106 actuarial report for 1999 indicates that the value of theassets for the life insurance component of the PBOP plan exceeded the related obligation by $190 million as of January 1, 1999.Pacific Bell withdrew $180 million from its VEBA 1 trust in December 1999.
Genco and each of the Genco Material Subsidiaries is registered, licensed or otherwise qualified as an extra-provincial corporation or a foreign corporation in each jurisdiction where the nature of the business or the location or character of the property and assets owned or leased by it requires it to be so registered, licensed or otherwise qualified, except where the lack of such registration, licensing or qualification would not have a Material Adverse Change or Effect on Genco.
Neither Genco nor any of the Genco Material Subsidiaries is in default under, and there exists no event, condition or occurrence which, after notice or lapse of time or both, would constitute such a default under, any contract, agreement or licence to which any of them is a party or by which any of them is bound which would, individually or in the aggregate, have a Material Adverse Change or Effect on Genco.
Genco and the Genco Material Subsidiaries have complied with and are not in violation of any applicable Law other than such non-compliance or violations which would not, individually or in the aggregate, have a Material Adverse Change or Effect on Genco.
There are other contractual remedies which, like Force Majeure, must be expressly provided for in a contract, such as Material Adverse Change (or Effect) clauses.