Material Reason definition

Material Reason has the meaning specified in § 9.5 (Definition of Material Reason);

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Material Reason has the meaning as specified in § 18.5 (Definition of Material Reason); "Meter Outage Event" has the meaning as specified in § 6.4 (Meter Outage Event);

Material Reason means each of the Events of Default and Termination Events specified in Section 5 herein.

Examples of Material Reason in a sentence

• Except as provided in this § 18.4, Early Termination by virtue of operation of Automatic Termination shall be as provided in § 18.3 (Termination for Material Reason).

• If this § 18.4 is specified as applying in Section B of Part I (Individual Terms) to a Party, and upon the occurrence of a Material Reason described in § 18.5(b) (Winding-up/Insolvency Attachment), the Terminating Party need not send that Party any notice of the designation of an Early Termination Date and the Early Termination Date in such event shall be as specified in Section B of Part I (Individual Terms).

• It may be terminated in accordance with either § 10.2 (Expiration Date and 30 Day Termination Notice) or § 10.3 (Termination for Material Reason) through § 10.5 (Definition of Material Reason).

• It may be terminated in accordance with § 18.2 (Expiration Date), § 18.3 (Termination for Material Reason), § 18.4 (Automatic Termination) or § 18.5 (Definition of Material Reason).

• If "Automatic Termination" is specified as applying to a Party in the Election Sheet, and upon the occurrence of a Material Reason described in § 10.5(c) (Winding- up/Insolvency/Attachment), the Terminating Party need not send that Party any notice of the designation of an Early Termination Date and the Early Termination Date in such event shall be as specified in the Election Sheet.

More Definitions of Material Reason

Material Reason. For the purposes of Section 5(g) of the Master Agreement, a Material Reason shall also exist with respect to a Party if such Party fails to transfer, when due, Eligible Credit Support under Clause 3, Clause 4 or Clause 8 or a Letter of Credit Default has occurred, and such failure or Letter of Credit Default is not cured within (3) Business Days of written demand by the other Party.

Material Reason has the meaning specified in § 10.5 (Definition of Material Reason); “Negotiation Period” has the meaning specified in § 14.8 (Termination for New Tax);

Material Reason has the meaning specified in § 10.5 (Definition of a Material Reason); "Megawatt Hours" or "MWh" means three decimal six (3.6) GJ;

Material Reason has the meaning given to it in clause 11.4;

Material Reason has the meaning set forth in Article 40 (Definition of Material Reason);

Material Reason has the meaning given to it in Clause 7.3 of these Common User Terms;

Material Reason means: (A) the identity of the proposed Director being likely to prevent the Group from obtaining any regulatory approvals; or (B) the proposed Director is engaged by or interested in any Competitor.