Material Claim definition

Material Claim has the meaning given to that term in Section 6.1(a).

Material Claim means any Claim (i) that seeks monetary payment or obligations having a value in excess of $50,000 or (ii) that, when aggregated with all other Claims, seeks monetary payment or obligations having a value in excess of $100,000.

Material Claim and “Material Claims” shall each have the meaning specified in Section 9.2(b)(iii).

Examples of Material Claim in a sentence

• No adverse development has occurred with respect to any Material Claim except as disclosed in the SEC Documents filed with the Commission prior to the date of this Agreement.

• During the term of this Agreement, Broker will immediately disclose to Lender the initiation or threat of any Material Claim.

• Except as set forth on Schedule 3.14 attached hereto (a) there is no Material Claim by or against the Company pending or, to the Knowledge of the Company, threatened, and (b) none of the Material Claims referenced in clause (a) above, under any of such policies or binders, has resulted in or involved or involves coverage being questioned, denied or disputed by the carriers or underwriters of such policies or binders.

• In such circumstances, the Inspector who has been declared in conflict shall recuse themself from the consideration of such Material Claim and the Monitor must receive an affirmative vote in favour of such acceptance, revision, disallowance or settlement from the remaining two (2) members of the Inspector Group.

• To be eligible, the Participating Foreign Gel Claimant must submit (1) a Silicone Material Claim Form listing all implantations along with documentation necessary to demonstrate acceptable proof of implantation of at least one implant meeting the requirements of(e) above, (2) an affirmative statement identifying all other implantations and manufacturers of such implants; and (3) an affirmative statement that the Claimant has never been implanted with a Breast Implant or Other Product.

More Definitions of Material Claim

Material Claim means any one or more Claims that are filed against the Applicant in accordance with the provisions of this Order by or on behalf of any one Creditor, that, in the aggregate, are in an amount greater than $5 million;

Material Claim. The term “Material Claim” shall mean any claim or demand by a third party as to which no lawsuit or other legal proceeding has actually been initiated, but only if such claim or demand: (i) seeks monetary payment in excess of Twenty-Five Thousand Dollars ($25,000); (ii) when aggregated with all other claims or demands (if any) within the subject matter of this Section 16, whether such other claims or demands have been resolved or are pending, would cause the total of the amounts paid by or demanded of the indemnified party to exceed One Hundred Thousand Dollars ($100,000); or (iii) would require that Buyer modify, or stop offering or providing, any product or service of Buyer, or would require Buyer to account to the third party, irrespective of whether a monetary payment is specified or the amount of any such monetary payment. The foregoing shall not apply, and there shall be no materiality required, as to any lawsuit or other legal proceeding actually commenced, including, but not limited to, a lawsuit or other legal proceeding based on a claim or demand by a third party the did not qualify as a Material Claim.

Material Claim means any claim, action of demand for an amount which represents or is reasonably likely to represent Historic Liabilities of more than £1,000,000.

Material Claim has the meaning set forth in Section 10.5(a)(i).

Material Claim shall have the meaning given to such term in Section 21(c) hereof.

Material Claim means a claim for which the Purchaser is entitled to indemnification hereunder which relates to any of the following: (i) inaccuracy of Bank Statement Summary Pages or financial Reports provided to the Purchaser, (ii) material inaccuracy in the number of members of the Business as disclosed to Purchaser, (iii) if the aggregate outstanding balance of the Equipment Leases and Specified Debt exceeds $550,000 as of the Closing, or (iv) any claim by a third party which results in the foreclosure or repossession (or attempted foreclosure or repossession) of any of the Subject Assets.

Material Claim means one or more claimed rights to payment of money asserted against Borrower that, individually or in the aggregate, involve asserted claims of Two Million Five Hundred Thousand Dollars ($2,500,000), or more.