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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2
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.
Sample 1

Examples of Material omission in a sentence

  • Material omission regarding such misconduct or the provision of materially false information shall be grounds for termination.

  • Based on the analytical algorithm of the in cut cutting edge in oblique plane machining, the in cut cutting edge of sampled cutter location points can be calculated by using MATLAB numerical analysis software.

  • Material omission of fact” means the employee’s intentional failure to disclose his/her actual residence for purposes of concealing from City Colleges of Chicago his/her non- compliance with the residency requirements of this Policy.

  • 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.

  • The Board recognizes the Association as the bargaining representative for the Association for the term of this Master Agreement unless or until the Board is presented publicly with valid, true, and correct evidence and determines, on that basis, that the Association no longer represents a majority of the employees designated in paragraph 2.3; or unless state or federal law renders continued representation unlawful.

  • 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 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.

  • Material omission claims under the MCPA sound in fraud and must be pleaded with particularity.

  • Material omission of fact” means the employee’s intentional failure to disclose his/her actual residence for purposes of concealing from City Colleges of Chicago his/her non-compliance with the residency requirements of this Policy.


More Definitions of Material omission

Material omission means facts, data or other information
Sample 1
Material omission means a failure by a provider to report or advise the department of any
Sample 1

Related to Material omission

  • 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 Duties means the duties generally required by employers in the national economy of those engaged in a particular occupation that cannot be reasonably modified or omitted. In no event will working an average of more than 40 hours per week be considered a Material Duty.

  • 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.

  • Material Financial Obligations means a principal or face amount of Indebtedness and/or payment or collateralization obligations in respect of Derivatives Obligations of the Borrower, arising in one or more related or unrelated transactions, exceeding in the aggregate $15,000,000.

  • Material Breach means a breach by either Party of any of its obligations under this Agreement which has or is likely to have a Material Adverse Effect on the Project and which such Party shall have failed to cure.

  • Material date means the date of publication of notification of various controlled area declared as under:-

  • Material of Environmental Concern means and includes pollutants, contaminants, toxic substances, oil as defined in the United States Oil Pollution Act of 1990 and all hazardous substances as defined in the United States Comprehensive Environmental Response, Compensation and Liability Xxx 0000;

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

  • Material Document Defect As defined in Section 2.03(a) of this Agreement.

  • Willful and Material Breach means a material breach that is a consequence of an act undertaken by the breaching party or the failure by the breaching party to take an act it is required to take under this Agreement, with knowledge that the taking of or failure to take such act would, or would reasonably be expected to, result in, constitute or cause a breach of this Agreement.

  • material relationship means one actually known of a personal, familial or business nature between the Broker and affiliated licensees and a client which would impair their ability to exercise fair judgment relative to another client.

  • Material Group Company means the Issuer or a Subsidiary representing more than10.00 per cent. of the total assets or EBITDA of the Group on a consolidated basis according to the latest Financial Report.

  • Material Information means any information (Material Fact or Material Change) relating to the business, operations, assets or ownership of the Company that results in or could reasonably be expected to result in a significant change in the market price or value of any of the Company's securities;

  • Material Damage and “Materially Damaged” means damage which, in Seller’s reasonable estimation, exceeds $500,000.00 to repair or which, in Seller’s reasonable estimation, will take longer than ninety (90) days to repair.

  • Material Agreement means any material written or oral agreement, contract, commitment, or understanding to which a Person is a party, by which such Person is directly or indirectly bound, or to which any assets of such Person may be subject, which is not cancelable by such Person upon notice of thirty (30) days or less without liability for further payment other than nominal penalty.

  • 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.

  • Research misconduct means fabrication, falsification, or plagiarism in proposing, performing, or reviewing research, or in reporting research results. “Fabrication” means making up data or results and recording or reporting them. “Falsification” means manipulating research materials, equipment, or processes, or changing or omitting data or results such that the research is not accurately represented in the research record. “Plagiarism” means the appropriation of another person’s ideas, processes, results, or words without giving appropriate credit. Research misconduct does not include honest error or differences of opinion.

  • Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.

  • arterial road means a road, which, in the opinion of the road authority, functions as a main carrier of traffic within an urban area.

  • Material Company means, at any time:

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Omission means a failure to act.

  • Material Project means the construction or expansion of any capital project of the Borrower or any of its Subsidiaries, the aggregate capital cost of which exceeds $50,000,000.