Material noncompliance definition

Material noncompliance means a failure to comply with laws or regulations when that failure increases risk to landlord or tenant, or adversely affects the rights and welfare of the landlord or tenant. This may include only a single instance of non-compliance, if substantial, or repeated minor violations.59
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Material noncompliance means an act or omission by a participant in violation of his or her participant contract as determined by the department or consultant.
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Material noncompliance means all costs and expenses which, in the aggregate, exceed $250,000 (it being understood that the Seller shall not be liable, in any event, for the first $250,000 of said costs and expenses).
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Examples of Material noncompliance in a sentence

  • Any corrective action documentation affecting the Material Non-compliance status score must be submitted to the Department no later than thirty (30) days prior to final application submission.

  • Management Comments:2.3.A Illustrative Auditor's Report on Compliance with No Material Noncompliance NotedIndependent Auditor's Report on Compliance Board of DirectorsName of Recipient Organization Complete Mailing Address We have audited the fund accountability statement of (name of recipient) as of and for the year ended December 31, 20XX, and have issued our report on it dated August 15, 20XX.

  • Audit Firm's Signature Date2.3.B Illustrative Auditor's Report on Compliance with Material Noncompliance NotedIndependent Auditor's Report on Compliance Board of DirectorsName of Recipient Organization Complete Mailing Address We have audited the fund accountability statement of (name of recipient) as of and for the year ended December 31, 20XX and have issued our report on it dated August 15, 20XX.

  • Board of SupervisorsMaterial Weaknesses and Material Noncompliance Criteria:Section 19-13-43, Miss.

  • The Material Non-compliance score has significant implications and requires particular care.

  • Category of Noncompliance Findings If the finding represents an instance of noncompliance, one of the following designations will appear: • Material Noncompliance - A finding related to a major federal program which discusses conditions representing noncompliance with federal laws, regulations, contracts, or grants, the effects of which have a material effect in relation to a type of compliance requirement or audit objective identified in OMB Circular A-133 Compliance Supplement.

  • First, such an issuer shall comply with Rule 4350(b)(1)(B) (Disclosure of Going Concern Opinion), Rule 4350(j) (Listing Agreement) and Rule 4350(m) (Notification of Material Noncompliance).

  • However, any errors detected on the remittance file, must be made available at all times for EBICS customer workstation by PSR or PTK, as described in the following paragraph.

  • The respondent must also certify that he/she does not have an associated Material Noncompliance score that would cause ineligibility under TDHCA's QAP and Uniform Multifamily Rules.

  • A property located outside the state of Texas will be classified by the Department as being in Material Non-compliance status if the non-compliance score for such property is equal to or exceeds 30 points in accordance with the provisions of §50.5(b)(4) of this title and under the methodology and point system set forth in Chapter 60 of this title, to be proposed.


More Definitions of Material noncompliance

Material noncompliance means a restatement to correct an error that is material to previously issued financial statements shall be deemed to result from material noncompliance of SunTrust with a financial reporting requirement under the securities laws.
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Material noncompliance means an act or omission by a participant in violation of his or her
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Related to Material noncompliance

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

  • Event of Noncompliance means any one of the following events:

  • 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.

  • Item of Noncompliance means Xxxxxxx’s acts or omissions that: (1) violate a provision of the Contract; (2) fail to ensure adequate performance of the Project; (3) represent a failure of Grantee to be responsive to a request of HHSC relating to the Project under the Contract.

  • 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 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 means material in relation to the business, operations, affairs, financial condition, assets or properties of the Company and its Subsidiaries taken as a whole.

  • Material Non-Public Information means information relating to Counterparty or the Shares that (a) has not been widely disseminated by wire service, in one or more newspapers of general circulation, by communication from Counterparty to its shareholders or in a press release, or contained in a public filing made by Counterparty with the Securities and Exchange Commission and (b) a reasonable investor might consider to be of importance in making an investment decision to buy, sell or hold Shares. For the avoidance of doubt and solely by way of illustration, information should be presumed “material” if it relates to such matters as dividend increases or decreases, earnings estimates, changes in previously released earnings estimates, significant expansion or curtailment of operations, a significant increase or decline of orders, significant merger or acquisition proposals or agreements, significant new products or discoveries, extraordinary borrowing, major litigation, liquidity problems, extraordinary management developments, purchase or sale of substantial assets and similar matters.

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

  • Non-Compliance means failure/refusal to comply the terms and conditions of the tender;

  • Material Permit shall have the meaning ascribed to such term in Section 3.1(n).

  • Environmental Licence means any permit, licence, authorisation, consent or other approval required by any Environmental Law.

  • 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 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.

  • Adverse Effect has the meaning assigned to such term in Section 2.1.5;

  • Certificate of noncompliance means a document known as a certificate of noncompliance which is provided by the centralized collection unit of the department of revenue certifying that the named applicant or licensee has an outstanding liability placed with the unit and has not entered into an approved payment plan to pay the liability.

  • Material Restricted Subsidiary any Restricted Subsidiary other than one or more Restricted Subsidiaries designated by the Borrower that in the aggregate do not constitute Material Subsidiaries.

  • Environmental Laws means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems.

  • Material Action means to consolidate or merge the Company with or into any Person, or sell all or substantially all of the assets of the Company, or to institute proceedings to have the Company be adjudicated bankrupt or insolvent, or consent to the institution of bankruptcy or insolvency proceedings against the Company or file a petition seeking, or consent to, reorganization or relief with respect to the Company under any applicable federal or state law relating to bankruptcy, or consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or a substantial part of its property, or make any assignment for the benefit of creditors of the Company, or admit in writing the Company's inability to pay its debts generally as they become due, or take action in furtherance of any such action, or, to the fullest extent permitted by law, dissolve or liquidate the Company.

  • 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 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 Company means, at any time:

  • Material Non Listed Indian Subsidiary means an unlisted subsidiary, incorporated in India, whose income or net worth (i.e. paid up capital and free reserves) exceeds 20% of the consolidated income or net worth respectively, of the listed holding company and its subsidiaries in the immediately preceding accounting year.

  • Environmental Permit means any permit, approval, identification number, license or other authorization required under any Environmental Law.

  • Serious violation means OCC has made a valid finding when assessing a serious complaint that alleges:

  • Material Permits shall have the meaning ascribed to such term in Section 3.1(m).