Material Instrument definition

Material Instrument means, with respect to a person, any note, bond, mortgage, indenture, license, franchise, permit, agreement, lease, franchise agreement or other instrument or obligation to which such person is a Party or by which such person or any of its properties or assets are bound.
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Material Instrument shall have the meaning specified in Section 9.01(c)(ii).
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Material Instrument means any Instrument with respect to which the aggregate amount payable thereunder exceeds $5,000,000.
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Examples of Material Instrument in a sentence

  • Notwithstanding the foregoing, to the extent not violative of any Material Instrument Requirements, Mortgagor may maintain deductibles with respect to the insurance policies described in clauses (i), (ii), (iii), (v), (vi) and (vii) above in accordance with standard industry practice with respect to the operation of a first-class casino hotel.

  • The Transferred Contracts listed on Schedule 4.06 (except to the extent covered under Sections 4.07 and 4.08 as a Permit or a Material Instrument) are, to the Knowledge of Seller, all of the Material Contracts that are necessary for operation of the Storage Assets in the manner and fashion they are being operated by Seller as of the date of this Agreement.

  • Except as set forth in Schedule 4.08, Seller has not received written notice that it is in default under the terms of any Material Instrument, nor that any event has occurred which, with the passage of time or giving of notice, or both, would constitute such a default.

  • Except as provided for in Schedule 4.08, to the Knowledge of Seller, no third party is in material default under the terms of any Material Instrument, nor does Seller have Knowledge of any event that has occurred which, with the passage of time or giving of notice, or both, would constitute such a default of a third party.