Material Deterioration definition

Material Deterioration means the value of the Charged Assets at any time being less than 50% (excluding any ordinary wear and tear or depreciation) of (a) the value of the Charged Assets as at the date of this Agreement (determined in accordance with the most recent balance sheet of the Chargor) minus (b) the value of any asset as at the date of this Agreement that is disposed of, sold or otherwise transferred as permitted under the Loan Documents and this Agreement.
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Material Deterioration means material deterioration in the Bank’s reasonable opinion;
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Material Deterioration means material deterioration in Konnect’s opinion and agreed to by you. If you should not agree within 14 days of being notified by Konnect that a material deterioration has taken place, then the matter will be referred to Konnect’s auditors for their opinion and you agree that the opinion of Konnect’s auditors shall be binding.
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Examples of Material Deterioration in a sentence

  • There shall have been no Material Deterioration in the business, financial condition or operating results of the Company.

Related to Material Deterioration

  • 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 means material in relation to the business, operations, affairs, financial condition, assets or properties of the Company and its Subsidiaries taken as a whole.

  • Material of Environmental Concern means and includes pollutants, contaminants, hazardous wastes, and toxic, radioactive, caustic or otherwise hazardous substances, including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having any constituent elements displaying any of the foregoing characteristics.

  • Adverse Change A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of payment or performance of this Note is impaired.

  • Material Condemnation has the meaning set forth in Section 14.2.1.