Material Inaccuracy definition

Material Inaccuracy means a finding of falsely certified eligibility or Funding Application related information submitted by Grantees, architects, or other design professionals that allowed the Grantee an advantage in the funding process. For penalties associated with Material Inaccuracy findings, see Education Code Section 17070.51.
Material Inaccuracy means any falsely certified eligibility or funding application related information submitted by school districts, architects or other design professionals that allowed the school district an advantage in the funding process. “Median Cost” means, for purposes of a Preliminary Apportionment, the middle number in a given sequence of
Material Inaccuracy as used in this section means an error favoring Vastera equal to or exceeding *.

Examples of Material Inaccuracy in a sentence

  • In addition, per Education Code Section 17070.51 the project may be presented to the SAB as a potential Material Inaccuracy (MI).

  • As directed by the Board due to a finding of a Material Inaccuracy pursuant to Regulation Section 1859.104.1.

  • Prohibited from self-certifying the project information for a period of up to five years from the date the Board made the finding of Material Inaccuracy for the project.

  • Mayor Carter said staff has gotten some informal offers that were volunteered.

  • If the Board has made a finding of Material Inaccuracy pursuant to Section 1859.104.1, the Board shall charge the district an amount of $100 per hour for the additional hours necessary to process and review the district’s applications submitted during the timelines prescribed in Section 1859.104.1(a)(1), (b)(2) or (c)(2).

  • Subject to the fee prescribed by Section 1859.104.3. (b) If the Material Inaccuracy finding occurred after the apportionment but no funds have been released for the project: (1) The Board shall reduce the project apportionment by the additional funding received beyond the amount the district was entitled to for the project.

  • If a failure by the Grantee to comply with the terms of this Agreement, or an audit report determination that the Grantee has violated applicable state or federal law as it relates to this Project, stems from falsely certified information on the Funding Application or Fund Release Application (including certifications made by architects or other design professionals), then Material Inaccuracy findings and penalties, as described in Education Code 17070.51 and SFP Regulation Section 1859.104.1, may apply.

  • Interest shall be assessed as prescribed in Education Code Section 17070.51(b)(1).(2) Shall be prohibited from self-certifying project information for a period of up to five years from the date the Board made the finding of Material Inaccuracy for the project.

  • In addition, per EducationCode Section 17070.51 the project may be presented to the SAB as a potential Material Inaccuracy (MI).

  • The school district shall be subject to the fee prescribed by Section 1859.104.3.(c) If the Material Inaccuracy finding occurred after the apportionment and funds were released for the project, the district:(1) Must repay the additional funding received beyond the amount the district was entitled to for the project with interest within five years from the date the Board made the finding of Material Inaccuracy.


More Definitions of Material Inaccuracy

Material Inaccuracy means, collectively, an inaccuracy or inaccuracies in any one or more of the representations made by Seller either (x) pursuant to Section 27 hereof (as made as of the date hereof) or (y) in Seller's Representation Certificate (as made as of the date of Closing), which inaccuracy or inaccuracies, in the aggregate, give rise to a Representation Loss (as hereinafter defined) in excess of $8,000,000.00. The term "Representation Loss" shall mean, with respect to any Material Inaccuracy or Immaterial Inaccuracy (as hereinafter defined), the aggregate of (x) the amount of any diminution in value of the Property and (y) the amount of any loss, cost, damage, liability and expense that is or (as reasonably estimated) may be suffered by Purchaser, as a result of, or in connection with, the inaccuracy or inaccuracies giving rise thereto.
Material Inaccuracy has the meaning ascribed to it in SECTION 6.2.
Material Inaccuracy means an inaccuracy relating to any matter mentioned in section 10(2);
Material Inaccuracy means any falsely certified eligibility or funding application related information submitted by school districts, architects or other design professionals that allowed the school district an advantage in the funding process. “Median Cost” means, for purposes of a Preliminary Apportionment, the middle umber in a given sequence of property value numbers, or the average of the middle two property value numbers when the given sequence of property value numbers has an even number of numbers.

Related to Material Inaccuracy

  • Material Information means information for which there is a substantial likelihood that a reasonable investor would consider it important in making investment decisions, or information that is reasonably certain to have a substantial effect on the price of a company’s securities. Examples of material information include information regarding dividend changes, earnings estimates, changes in previously released earnings estimates, significant merger or acquisition proposals or agreements, major litigation, liquidity problems, and extraordinary management developments.

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

  • 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 Intellectual Property means Intellectual Property that is owned by or licensed to a Grantor and material to the conduct of any Grantor’s business.

  • 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 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 Defect As defined in Section 2.02(c) hereof.

  • Material safety data sheet or "MSDS" means the chemical, physical, technical, and safety information document supplied by the manufacturer of the coating, solvent, or other chemical product, usually through the distribution network or retailers.

  • Material date means the date of publication of notification of various controlled area declared as under:-

  • Material Contract means any contract or other arrangement (other than Loan Documents), whether written or oral, to which any Credit Party is a party as to which the breach, nonperformance, cancellation or failure to renew by any party thereto could reasonably be expected to have a Material Adverse Effect.

  • Material Documents has the meaning set forth in Section 5.23.

  • Material Agreements shall have the meaning assigned to such term in Section 4.16 hereof.

  • Material Indebtedness means Indebtedness (other than the Loans and Letters of Credit), or obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and its Subsidiaries in an aggregate principal amount exceeding $10,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the obligations of the Borrower or any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Subsidiary would be required to pay if such Swap Agreement were terminated at such time.

  • Material Loss means an uninsured:

  • Material Agreement means any material contract, commitment, agreement (written or oral), instrument, lease or other document, license agreement and agreements relating to intellectual property, to which the Corporation or any Subsidiary are a party or to which any of their property or assets are otherwise bound;

  • Material Interest means direct or indirect beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) of voting securities or other voting interests representing at least ten percent (10%) of the outstanding voting power of a Person or equity securities or other equity interests representing at least ten percent (10%) of the outstanding equity securities or equity interests in a Person.

  • Material Environmental Amount an amount payable by the Borrower and/or its Subsidiaries in excess of $5,000,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.

  • Material Gas Imbalance means, at any time, with respect to all Gas Balancing Agreements to which any Credit Party is a party or by which any Mineral Interest owned by any Credit Party is bound, a net gas imbalance at such time to all such Credit Parties in excess of, in the aggregate, three percent (3%) of the Borrowing Base then in effect.

  • Material Environmental Liabilities means Environmental Liabilities exceeding $500,000 in the aggregate.

  • Material Financial Obligations means a principal or face amount of Debt (other than (i) the Loans and (ii) Non-recourse Debt) and/or payment or collateralization obligations in respect of Derivatives Obligations of the Borrower and/or one or more of its Subsidiaries, arising in one or more related or unrelated transactions, exceeding in the aggregate $150,000,000.

  • 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.

  • Material Amount means an amount equal to the value of the three most recent invoices issued by ABP to the Customer;

  • Noncompliance means a failure in estimating, accumulating, or reporting costs to—

  • Material Insurance Subsidiary means any Insurance Subsidiary that is a Material Subsidiary.

  • Parent Material Contract shall have the meaning set forth in Section 4.16(a).

  • Company Material Contract has the meaning set forth in Section 3.15(a).