Material Contingencies definition
Examples of Material Contingencies in a sentence
The Material Contingencies identified in the Matsco Liabilities List are subject to indemnification as provided in this Article notwithstanding any disclosure of any Material Contingency on any Matsco List.
The balance of any Holdback Funds determined by GBB as provided herein as required for the resolution of the Material Contingencies shall be released, together with accrued interest, promptly when no longer required to resolve any Material Contingency.
The Material Liabilities list contains a list of those certain contingent liabilities (the "Material Contingencies") which the Indemnifying Shareholders and GBB agree may be resolved, if necessary, by the use of the Holdback Funds and which shall be subject to the procedures set forth in Section 15.