Material Breach definition

Material Breach. As defined in Section 2.03(e) of this Agreement.
Material Breach means a breach by either Party of any of its obligations under this Agreement which has or is likely to have a Material Adverse Effect on the Project and which such Party shall have failed to cure.
Material Breach has the meaning set forth in Section 2.3(a).

Examples of Material Breach in a sentence

  • Any change in percentage stake of Consortium members without prior written approval of NMRC shall be treated as Material Breach of Contract and Licensee’s Event of Default entitling NMRC to encash Interest Free Security Deposit/Performance Security and /or to terminate the License Agreement after 30 days notice.


More Definitions of Material Breach

Material Breach. As defined in the Trust Loan Purchase Agreement.
Material Breach means a breach (including an anticipatory breach) that is serious in the widest sense of having a serious effect on the benefit which the terminating party would otherwise derive from:
Material Breach. With respect to any Mortgage Loan, any Breach that materially and adversely affects the value of such Mortgage Loan or the interests of the Certificateholders in the affected Mortgage Loan.
Material Breach. As defined in Section 2.9(a).
Material Breach means: a breach by the Supplier referred to by this definition in any of the following Clauses: Clause 4 and FW-21 (Warranties and Representations), FW-15 (Conflicts of Interest and Ethical Walls), Clause 24 (Disruption), Clause 7 (Supplier Staff), Clause 19 (IPR), FW-42 (Data Protection and Disclosure), Clause 21 (Confidentiality), FW-25 (Publicity, Branding Media and Official Enquiries), FW-46 (Official Secrets Acts), FW-40 (Prevention of Bribery and Corruption), FW-45 (Safeguarding against Fraud) and FW-15 (Conflicts of Interest and Ethical Walls) and Clause 40.7 (Employment, Tax and National Insurance Liabilities). any breach of this Contract which is set out in this Contract as being a material breach; any breach of this Contract which is set out as a material breach of this Contract in the framework Agreement; any material breach of this Contract under the Law; and/or a breach which prevents the Customer from discharging a statutory duty. Maximum Price has the meaning given to it at paragraph 46.1.2 of the SOW; Mediator has the meaning given to it at Clause 36.1.8; Methodology means the description of the manner in which the Services are to be provided by the Supplier as set out in Methodology;
Material Breach means any of the following:
Material Breach means a material breach of this Call-Off Contract;