Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.
Material Modifications means and include any modification to an existing RPTs, in aggregate with a related party, having variance of 25% in value of the transaction already approved by the Audit Committee or Board or Shareholders, as the case may be, or such modification as may be decided by the Audit Committee.
Material Modifications means and includes any modification to an existing related party transaction having variance of 20% of the approved limit as sanctioned by the Audit Committee/Board/Shareholders, as the case may be.
Examples of Material Modifications in a sentence
How Do You Use This Document?Read your entire SPD and any attached Summary Material Modifications (SMMs) and/or Amendments.
You may also receive a Summary of Material Modifications (SMM) from time to time to provide you with timely notice of certain material changes to the Plan or information required to be included in this SPD or any wrap SPD.
Material Modifications To The Rights of Security Holders and Use of Proceeds—E.
Material Modifications to the Rights of Security Holders and Use of Proceeds 292Item 15.
Item 3.03 Material Modifications of Rights of Securities Holders.
More Definitions of Material Modifications
Material Modifications means alterations which significantly change the overall design, "look and feel" or functionality of the TSA Site, or which extend or reduce the Features Set.
Material Modifications means: triggering of any of the following conditions whether individually or in aggregate:
Material Modifications means such modifications that are necessary for the Facility to operate in conformity with Applicable Laws, Permits, specifications and Standards, Guaranteed Operating Characteristics, Operating Procedures, Good Industry Practice or other mandatory standards applicable to this Agreement”
Material Modifications refers to any change in the status, specifications or information submitted by the QE regarding the QF at the time of original application, including but not limited to modifications of system size of the QF, ownership of the QF, system component design, system or component specification, applicable certifications or approval of the QF by relevant authorities or change in technology.
Material Modifications means alterations which significantly change the overall design of the Retailer's Web site and do not include the changes contemplated by Paragraph 3.1 c. of the E - Commerce Agreement.
Material Modifications means any modification made in the terms and conditions of any ongoing or proposed Related Party Transaction, as originally approved by the Audit Committee and/or shareholders, as the case may be, having a significant impact on the nature, value, tenure, exposure, or likely financial impact of such transaction, as may be determined by the Audit Committee from time to time. Provided that there shall be a rebuttable presumption that a modification is material, if such modification, together with previous modifications during a financial year, results into any of the following-● A variation in the value of the transaction/contract as originally approved, by 25%, or more.● The terms of the contract cease to be arms’ length.● Granting of any waiver, abatement or any other relief to either party, which results into a financial implication equal to 25% or more of the value of the contract.● Extension of tenure of the contract by 25% or more of the original tenure, or continuation of the contract or arrangement beyond the tenure originally agreed upon, except for completion of any residual performances.● Any modification which results into the claims of either party being subordinated, or relaxation of security interest:○ Provided that giving any consent for cessation of pari passu charge or any other security interest, provided there is adequate asset cover, shall not be deemed as modification of contract● Any novation of the contract or arrangement to a third party. Provided further that the following shall not be considered as material modification -● modifications which may be mandated pursuant to change in law,● modifications pursuant to and in accordance with the terms of the approved transaction/contract, whether with or without mutual consent of parties, as the case may be,● modifications resulting from change in constitution of either of the parties pursuant to schemes of arrangement (e.g. merger, amalgamation, demerger, etc.),● modifications which are purely technical and do not result in substantive change or alteration of rights, interests, and obligations of any of the parties,● modifications uniformly affected for similar transactions with unrelated parties
Material Modifications means any modification to an existing related party transaction, approved by the Audit Committee/ Board of Directors / Shareholders, as the case may be, which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 25% of the originally approved transaction.