material liability definition

material liability means any tax, penalty or liability in excess of $10,000,000); or

material liability shall be deemed to mean any liability of Fifty Thousand Dollars ($50,000) or more in the aggregate.

material liability means any event or occurrence that is adverse to the financial condition or results of operations of any Party which aggregate effect would be greater than $100,000.

Examples of material liability in a sentence

• Except as set forth on Schedule 3.15, there are no strikes, work stoppages, slowdowns or lockouts existing, pending (or, to the knowledge of any Credit Party, threatened) against or involving any Credit Party or any Subsidiary of any Credit Party, except for those that could not, in the aggregate, reasonably be expected to result in any Material Liability.

• No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, cause or suffer to exist any Release of any Hazardous Material at, to or from any Real Estate that would violate any Environmental Law, form the basis for any Environmental Liabilities, other than such violations, Environmental Liabilities and effects that could not, in the aggregate, reasonably be expected to have any Material Liability.

More Definitions of material liability

material liability means a Liability of more than $2,000,000 or that would materially interfere with the conduct of the Business as currently conducted.

material liability means an amount that could reasonably be expected, individually or in the aggregate, to be in excess of $2,500,000.

material liability means, with respect to each Credit Party, any claim or other liability upon such Credit Party or its assets exceeding $25,000.

material liability. In the case of any Person, any material liability of such Person; provided however, such term shall not include any material liability the cost or expense associated with which insurance proceeds have been recovered by such Person or is recoverable by such Person through operation of current tariffed rates.

material liability means, in respect of the Relevant Transferring Business, any Liability of such Relevant Transferring Business which could reasonably be expected to have a Material Adverse Effect.

material liability means the expenditure of more than $75,000. The definition of material liability for purposes of this Agreement is solely for the purposes where such term is specifically used and shall not be relied upon to determine and shall not be used as evidence of the appropriate standard of "materiality" in the context of the determination of whether a Company Material Adverse Effect has occurred or whether any other "materiality" qualifier has been satisfied. 71 65

material liability means, with respect to each Credit Party, any claim or other liability upon such Credit Party or its assets exceeding $15,000.