Material Increase definition
Examples of Material Increase in a sentence
Discretionary Reserve Strengthening means a Material Increase in the Coinsurance Reserve for the Riders reinsured under this Agreement due solely to the Ceding Company’s decision to hold Statutory Reserves in excess of the reserves otherwise calculated to meet the requirements of AG 43 (or other applicable regulation(s) as amended/adopted) for the Base Annuities and the Riders.
Any appraisals or updates conducted at the request of the Borrower in connection with a Material Increase Acquisition shall count as appraisals or updates for purposes of the preceding sentence if such appraisals or updates are not primarily limited in scope to the assets acquired in such Material Increase Acquisition.
For purposes of facilitating Travelport’s system capacity planning, Subscriber will use reasonable business efforts to provide to Travelport prior written notice of any event that may have a Material Increase on the number of uAPI messages made by Subscriber through the Licensed API (a “Spike”), including, but not limited to, new code or changes to existing code launched by Licensees, Licensees’ entrance into new markets, or Licensees’ advertising or marketing campaigns.
Any Collateral Audit conducted at the request of the Borrower in connection with a Material Increase Acquisition shall count as a Collateral Audit for purposes of the preceding sentence if such Collateral Audit is not primarily limited in scope to the assets acquired in such Material Increase Acquisition.
For purposes of facilitating Travelport’s system capacity planning, Subscriber will use reasonable business efforts to provide to Travelport a prior written notice of any event that may have a Material Increase on the number of uAPI messages made by Subscriber through the Licensed API , including, but not limited to, new code or changes to existing code launched by Subscriber, Subscriber’s entrance into new markets, or Subscriber’s advertising/marketing campaigns.
Cadiz shall have the right to negotiate its recovery of Capital Investment from other Project Participants on terms agreeable to Cadiz and such other Project Participant; provided, however, that such other capital recovery terms do not create a Material Increase in Financial Risk to SMWD.
For purposes of this Paragraph 2, a Material Increase means an increase of five percent (5%) or more of cumulative changes during the previous twenty-four (24) month period ending with the date of the current proposed increase.
From the date of this Agreement until the Closing, the Parties will not take any action or fail to take any required action (and will not permit their Affiliates to take any action or fail to take any required action) with respect to White Mountains, its Affiliates, the Company Group or the operation of the Berkshire Run-off Business which action or failure to take a required action could reasonably be expected to result in a Material Increase in Tax Risk.
The Purchase Price will be ------------------------------- adjusted by the amount, if any, of any Material Reduction or any Material Increase in the stated book value of the Inventory, the Accounts Receivable, and/or the Equipment at the Closing Date, as reflected in the then current accounting records of the Seller.
In the event that there is a Material Increase or Decrease in such number, then new shares shall be issued to the Shareholders (as applicable) to an extent to ensure that the percentages of registered shares and weighted voting rights, as set out in clause 6.2, are changed to reflect the actual number of CCTV cameras each Shareholder is providing for business use by the Company.