Material Obligation definition

Material Obligation means the material obligations of a party under the Technology Agreement, the Development Agreement or the Manufacturing and Marketing Agreement.

Material Obligation means [i] any indebtedness secured by a security interest in or a lien, deed of trust or mortgage on the Facility (or any part thereof, including any Personal Property) and any agreement relating thereto; [ii] any obligation or agreement that is material to the construction or operation of the Facility or that is material to Borrower’s business or financial condition; and [iii] any indebtedness or capital lease that has an outstanding principal balance of at least $2,000,000.00 and any agreement relating thereto.

Material Obligation means any obligation or liability in an amount equal to or in excess of $100,000,000.

Examples of Material Obligation in a sentence

• No Covered Person has breached or violated or has defaulted under any Material Agreement, or has defaulted with respect to any Material Obligation of such Covered Person.

• Non-fulfilment of a Material Obligation and Cross-Default A Party's non-fulfilment of any material obligation under any Transpor- tation Agreement shall normally constitute a serious breach of all Trans- portation Agreements.

• A reply by a requisitioner to a Material Obligation Validation Request advising the supplier to either: (1) hold a material obligation until supplied, or (2) cancel all or a portion of a material obligation.

• Operators are trained to re- spond to unusual events, and carefully designed emergency plans are in place.

• No Covered Person has breached or violated or has defaulted under any Material Agreement, or has defaulted with respect to any Material Obligation of such Covered Person which has continued beyond any cure periods set forth in the applicable underlying agreements.

More Definitions of Material Obligation

Material Obligation as to any Person, an Obligation of such Person which if not fully and timely paid or performed would have a Material Adverse Effect on such Person.

Material Obligation means an obligation of the Recipient that is material to this transaction.

Material Obligation means an obligation of the Recipient that is material to this transaction other than a System Obligation.

Material Obligation means an obligation of the Recipient that is material to this transaction, including System Obligations.

Material Obligation means [i] any indebtedness secured by a security interest in or a lien, deed of trust or mortgage on any of the Leased Property (or any part thereof, including any Personal Property) and any agreement relating thereto; [ii] any obligation or agreement that is material to the construction or operation of the Facility or that is material to Tenant's business or financial condition; [iii] any indebtedness or capital lease of Tenant that has an outstanding principal balance of at least $50,000.00 and any agreement relating thereto; [iv] any obligation to or agreement with the Issuer relating to the Letter of Credit; and [v] any sublease of the Leased Property.

Material Obligation means any capitalized lease, derivative instrument or Guaranty Obligation.

Material Obligation means [i] any indebtedness secured by a security interest in or a lien, deed of trust or mortgage on any of the Leased Property and any agreement relating thereto; [ii] any obligation or agreement that is material to the operation of the Facility; [iii] any indebtedness or capital lease of Tenant that has an outstanding principal balance of at least $1,000,000.00 in any one instance or at least $1,000,000.00 in the aggregate and any agreement relating thereto; [iv] any obligation to or agreement with the Issuer relating to the Letter of Credit; and [v] any sublease of the Leased Property.