Material Dispute definition

Material Dispute means the failure of the Category A Directors and the Category B Directors to agree with respect to any of the following items at two (2) consecutive meetings of the Board of Directors:
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Material Dispute means (a) any dispute, litigation or arbitration that will or would reasonably be expected to affect the Project, and (b) the settlement, compromise or dismissal of any dispute, litigation or arbitration affecting the Project, but only if such settlement, compromise, or dismissal would reasonably be expected to (i) result in a Material Budget Overrun or (ii) involve an amount greater than $1,000,000 individually or in the aggregate at any one time.
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Material Dispute means any dispute that could reasonably be expected to cause a material adverse change in the financial condition or results of operations of the Company.
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Examples of Material Dispute in a sentence

  • Def.’s Statement of Genuine Facts Not in Material Dispute ¶ 14; Def.’s Notice of Filing Additional Record, June 6, 2012.

  • If a Material Dispute that is pending against a Bidder (or, in the case of a consortium Bidder, any member of the consortium) as of the Bid Closing Date and such Material Dispute is subsequently resolved against the Bidder or such consortium member.

  • If an Bidder (or, in the case of a consortium Bidder, any member of the consortium) has a Material Dispute which is pending against it as of the Qualification Closing Date and such Material Dispute is subsequently resolved against the Bidder or such consortium member, the Bidder will be disqualified.

  • Def.’s Statement of Genuine Facts Not in Material Dispute ¶2, n.1.2008, and S&T’s Explosives Division (“EXD”), which succeeded HSARPA in managing the PTIEDD program, decided to terminate it.

  • It is the intention of the Board of Directors to make a good faith effort to settle any dispute, controversy, claim or other matter in question arising under or related to the Company or this Agreement, including all issues of fact and law that constitute a Material Dispute.

  • Granting the Class B Member a Put Right in the event of a Material Dispute would have vested in the Class B Member the right to force a sale that went beyond the limited circumstances where such a right was believed appropriate under Operating Agreement Section 6.3, thus giving the Class B Member negotiating leverage inconsistent with its minority position.

  • There is a Genuine and Material Dispute as to Whether Clark Exercised Reasonable Care in Performing his Duty Clark makes much of the fact that he had not been contracted to render snow removal and deicing services at 66 Spruce Street as of the day of plaintiff’s fall, March 22.

  • A Material Dispute of Facts Exists as to Whether the Limitation of Liability Clause Is Enforceable to Limit the Liability Conduit’s Conduct during the Terms of the Revenue Share Agreement 28Case: 13-2012 Document: 127 Page: 4 01/16/2014 1135682 58A.

  • The Bidder (or, in the case of a consortium Bidder, each member of the consortium) must not have had a Material Dispute resolved against it in the past 10 years.

  • Pilgrim Watch’s Concern with the Contingency Allowance Raises No Genuine Material Dispute or Admissible Issue The DCE includes a 17 percent contingency allowance that has been added to the license termination (radiological decommissioning), site restoration and spent fuel management cost estimates (with the exception of the cost estimate for ISFSI decommissioning, to which a 25% contingency allowance is added).91 This amounts to approximately $165 million in contingency.


More Definitions of Material Dispute

Material Dispute means any dispute where the amount in dispute is or was at least half of the Net Worth of any member(s) of the Applicant.
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Material Dispute means a dispute (i) which relates to any part of the Nordics or (ii) which a reasonable person would consider material to the studio business of the Shareholder seeking to terminate (or its Affiliates), taken as a whole or such Shareholder's (or its Affiliates') business taken as a whole;
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Material Dispute means any dispute between an Obligor and a third party that has impaired, or could reasonably be expected to impair, the ability of any Obligor to carry on business in the ordinary course or has caused, or could reasonably be expected to cause a Material Adverse Effect.
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Material Dispute has the meaning set forth in Section 6.6(c).
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Material Dispute means any bona fide material dispute between the Members with respect to the Company, which dispute cannot be resolved pursuant to the terms of this Agreement or by the Members after they have both exerted their reasonable and good faith efforts to do so.
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Related to Material Dispute

  • industrial dispute means any dispute or difference between employers and employers, or between employers and workmen, or between workmen and workmen, which is connected with the employment or non-employment or the terms of employment or with the conditions of labour, of any person;

  • Labor dispute as used here, means a strike, lockout, or other labor dispute between the Employer and its Employees, during which time the Employee is not paid by the Employer.

  • Legal Dispute means any action, suit or proceeding between or among the Parties arising in connection with any disagreement, dispute, controversy or claim arising out of or relating to this Agreement or any related document.

  • Formal Dispute means a written objection by an Interested Party to any of the following:

  • Dispute means any dispute, controversy, claim or difference of whatever nature arising out of, relating to, or having any connection with this Agreement, including a dispute regarding the existence, formation, validity, interpretation, performance or termination of this Agreement or the consequences of its nullity and also including any dispute relating to any non-contractual rights or obligations arising out of, relating to, or having any connection with this Agreement.

  • Technical Dispute has the meaning specified in Section 12.2;

  • Arbitrable Dispute means any dispute arising under or in connection with this Agreement.

  • Material Litigation is defined in Section 6.7.

  • Disputes shall have the meaning set forth in Section 7.1.

  • Agreement Disputes shall have the meaning set forth in Section 6.1.

  • Disagreement means a difference of opinion between personnel of a reporting issuer responsible for finalizing the reporting issuer’s financial statements and the personnel of a predecessor auditor responsible for authorizing the issuance of audit reports on the reporting issuer’s financial statements or authorizing the communication of the results of the auditor’s review of the reporting issuer’s interim financial report, if the difference of opinion

  • Relevant Dispute means any difference between the parties arising out of or in connection with this contract; "Relevant Force Majeure Event" has the meaning ascribed to it in Clause 17.1;

  • trade dispute means any dispute or difference between employers and workmen, or between workmen and workmen, connected with the employment or non-employment, or the terms of employment, or with the conditions of labour, of any person;

  • Mediation Notice has the meaning set forth in Section 7.06(c).

  • Dispute Date means, with respect to a Dispute, the date on which a Dispute Notice is effectively delivered by one party to the other party save that if, with respect to a Dispute, both parties deliver a Dispute Notice, the date on which the first in time of such notices is effectively delivered will be the Dispute Date. Each Dispute Notice will be effectively delivered if delivered in the manner agreed between the parties for the giving of notices in respect of this Agreement.

  • Xxxx Dispute Notice means the notice issued by a Party raising a Dispute regarding a Monthly Xxxx or a Supplementary Xxxx issued by the other Party;

  • Tax Dispute has the meaning set forth in Section 5.06.

  • Disputing Party has the meaning specified in Paragraph 5.

  • Dispute Period shall have the meaning specified in Section 9.3(a).

  • Dispute Board (DB) means the person or persons named as such in the SCC appointed by agreement between the Procuring Entity and the Contractor to make a decision with respect to any dispute or difference between the Procuring Entity and the Contractor referred to him or her by the Parties pursuant to GCC Sub-Clause 46.1 (Dispute Board) hereof.

  • Resolve and the correlative terms, “Resolved”, “Resolving” and “Resolution” each means that the Services are restored to a point where the Customer can perform their job. In some cases, this may only be a work around solution until the root cause of the Error or Unplanned Disruption is identified and corrected (the need for restoration of normal service supersedes the need to find the root cause of the incident).

  • Informal proceedings means proceedings for probate of a will or appointment of a personal representative conducted by the probate register without notice to interested persons.

  • Material Related Party Transaction means a transaction with a related party if the transaction / transactions to be entered into individually or taken together with previous transactions during a financial year, exceeds ten percent of the annual consolidated turnover of the company as per the last audited financial statements of the company.

  • Grievances filed under this Article shall begin at Step 2. Grievances under this clause shall be handled with all possible confidentiality and dispatch.

  • Material Compliance Matter has the same meaning as the term defined in Rule 38a-1, and includes any compliance matter that involves: (1) a violation of the federal securities laws by Distributor (or its officers, directors, employees, or agents); (2) a violation of Distributor's Rule 38a-1 policies and procedures; or (3) a weakness in the design or implementation of Distributor's Rule 38a-1 policies and procedures.

  • Material Related Party Transactions means any transaction/transactions to be entered into individually or taken together with previous transactions during a financial year exceeds 10% of the annual consolidated turnover of the Company as per the last audited financial statements of the Company.