Material Decline definition

Material Decline has the meaning set forth in Section 3.3.3.
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Material Decline means (i) the Relative RPS Percentage is [*]% or less when measured on a trailing 12 full calendar month average in the United States or (ii) the Combined Queries Share is [*]% or less measured on a trailing 12 full calendar month average. [*] Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to omitted portions.
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Material Decline means (i) the Relative Gap is [*]% or greater when measured on a trailing 12 month average in the United States or (ii) the Combined Queries Share is [*]% or less measured on a trailing 12 month average.
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Examples of Material Decline in a sentence

  • In addition, in the event of a Material Decline in Financial Condition of Customer and the conditions provided in Clause 6.3.D.(a)(i) through 6.3.D.(a)(v) above are met, then Dell may, in its sole discretion, declare payable, and in such case You shall be obligated to pay within the time period designated by Dell, any or all rebates, as determined by Dell, You receive from Dell related to Your resale of the APEX Service to the Customer.

  • Each party shall promptly notify the other upon actual knowledge of any Material Decline in the Guarantor's Credit Standing, which notice may be given orally or in writing.

  • In order to access the rights provided under this Section 3.3.3 and/or Section 7.2.3, the Licensee shall provide to the Licensor a written report detailing the Material Decline in Net Sales and the reasons therefor, which report shall be subject to verification by Licensor.

  • Failure of the Energy Manager to supply, maintain, renew, extend or replace the credit enhancement required under subsection 13.15(C) hereof within the time specified therein in the event there is a Material Decline in the Guarantor's Credit Standing, as defined in Section 13.15 hereof.

  • Failure of GENCO to supply, maintain, renew, extend or replace the credit enhancement required under Article 18 hereof in the event there is a Material Decline in the Guarantor's Credit Standing, as defined in Section 18.1.2. hereof.

  • Failure of the Manager to supply, maintain, renew, extend or replace the credit enhancement required under subsection 9.1(C) hereof within the time specified therein in the event there is a Material Decline in the Guarantor's Credit Standing, as defined in Section 9.1 hereof.

  • The Energy Manager immediately shall notify the Authority of any Material Decline in the Guarantor's Credit Standing.

  • For the purpose of this Section 3.3.3 and Section 7.2.3, Material Decline shall mean a reduction in Net Sales of the Product in any jurisdiction of more than twenty percent (20%) in the current twelve month period compared to the preceding twelve month period (the “Material Decline”).

  • If, at any time during the Term hereof, a Material Decline in Credit Standing occurs, the Company shall immediately notify the Borough thereof and, within 30 days after such occurrence, shall provide credit enhancement of its obligations hereunder to comply with Criteria III of the Minimum Financial Criteria, as set forth in Appendix 14 hereto.

  • No such consolidation, merger or sale or other transfer shall have the effect of releasing the initial Guarantor from its liability hereunder unless a successor entity has assumed responsibility for this Guaranty as provided in this Section, and if such transaction results in a Material Decline in Credit Standing, as defined in Section 9.1(A) of the Agreement, the successor Guarantor shall provide credit enhancement as required by Section 9.1(B) of the Agreement.

Related to Material Decline

  • Material Project Documents means, collectively, the Power Purchase Agreement, the EPC Contract, the Transmission Facilities Construction Agreement, the O&M Agreement, the Coal Supply Agreements, the Coal Transportation Agreement and all other instruments, agreements or other documents arising from or related to the Project, but shall not include any Financing Agreement.

  • material hoist means a hoist used to lower or raise material and equipment, excluding passengers; "medical certificate of fitness" means a certificate contemplated in regulation 7(8);

  • Material Deviation refers to any contents or characteristics of the proposal that is significantly different from an essential aspect or requirement of the RFP, and : (i) substantially alters the scope and quality of the requirements; (ii) limits the rights of UNDP and/or the obligations of the offeror; and (iii) adversely impacts the fairness and principles of the procurement process, such as those that compromise the competitive position of other offerors.

  • Material Document Defect As defined in Section 2.03(a) of this Agreement.

  • Material Properties means (a) those Mortgaged Properties designated on Schedule 3.12 as Material Properties and (b) each other Mortgaged Property with respect to which a Mortgage is granted pursuant to Section 5.11 after the Restatement Effective Date.