Material omission definition

Material omission means missing information that could reasonably affect a decision to extend or deny credit to the buyer. "Complete" information contains no material omissions.
Material omission means facts, data or other information excluded from a report, contract, the absence of which could lead to erroneous conclusions following reasonable review of such report or contract.
Material omission means a failure by a provider to report or advise the department of any fact, that if known to the department, would have caused the department to deny, reduce, or otherwise withhold any portion of reimbursement for a billed covered service.

Examples of Material omission in a sentence

  • This Agreement, the Note Documents, the documents, certificates or other writings delivered to the Holders by or on behalf of the Obligors in connection with the transactions contemplated hereby and the financial statements described in SECTION 5.01(G), do not contain any Material misstatement or Material omission except such as have been corrected in writing and delivered to the Holders.

  • This Agreement, the other Note Documents, the documents, certificates or other writings delivered to the Purchaser by or on behalf of the Obligors in connection with the transactions contemplated hereby and the financial statements described in SECTION 5.01(G), do not contain any Material misstatement or Material omission except such as have been corrected in writing and delivered to the Purchaser.

  • This Agreement, the documents, certificates or other ---------- writings delivered to the Purchaser by or on behalf of the Obligors in connection with the transactions contemplated hereby and the financial statements described in Section 5.01(e), taken as a whole, do not contain --------------- any Material misstatement or Material omission except such as have been corrected in writing and delivered to the Purchaser.

  • This Agreement, the Note Documents, the documents, ---------- certificates or other writings delivered to the Holders by or on behalf of the Obligors in connection with the transactions contemplated hereby and the financial statements described in Section 5.01(g), do not contain any Material --------------- misstatement or Material omission except such as have been corrected in writing and delivered to the Holders.

  • This Agreement, the other Note Documents, ---------- the documents, certificates or other writings delivered to the Purchaser by or on behalf of the Obligors in connection with the transactions contemplated hereby and the financial statements described in Section 5.01(h), do not contain --------------- any Material misstatement or Material omission except such as have been corrected in writing and delivered to the Purchaser.


More Definitions of Material omission

Material omission means facts, data or other information
Material omission means a failure by a provider to report or advise the department of any
Material omission means [missing ]information that:
Material omission means a failure by a provider to report or advise the department of any fact, that if known to the department, would have caused the department to deny, reduce, or other-

Related to Material omission

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

  • Material Outside Event shall have the meaning set forth in Section 6.08.

  • Failure has the meaning set forth in Section 2.4.

  • 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 Owned Real Property means any Real Property, or group of related tracts of Real Property, acquired (whether in a single transaction or a series of transactions) or owned in fee by any Loan Party, in each case, in respect of which the fair market value (including the fair market value of improvements owned or leased by such Loan Party and located thereon) on such date of determination exceeds $1,000,000.