Material Reason definition

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

  • Part II of the tender shall be opened only if all the conditions of Part-I are fully met.

  • 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).

  • 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).

  • The Act permits a court only to order, or set aside, agency action, see 5 U.S.C. § 706 – equitable relief that is “is useless to a person who has already been injured,” Butz v.

  • 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 means (I) THE ASSIGNMENT TO EXECUTIVE (WITHOUT EXECUTIVE'S WRITTEN CONSENT) OF ANY POSITION, DUTIES OR RESPONSIBILITIES WHICH EXECUTIVE, IN HIS REASONABLE JUDGMENT, DEEMS TO BE MATERIALLY AND SUBSTANTIALLY LESS FAVORABLE THAN HIS POSITIONS, DUTIES AND RESPONSIBILITIES WITH EMPLOYER IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT, (II) A CHANGE IN EXECUTIVE'S REPORTING RESPONSIBILITIES, STATUS, TITLES OR OFFICES AS IN EFFECT IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT (WITHOUT EXECUTIVE'S WRITTEN CONSENT) WHICH EXECUTIVE, IN HIS REASONABLE JUDGMENT, DEEMS TO BE MATERIALLY ADVERSE TO EXECUTIVE, (III) A REDUCTION IN EXECUTIVE'S BASE SALARY AS IN EFFECT AT THE TIME OF SUCH MATERIAL CORPORATE EVENT; (IV) A FAILURE TO CONTINUE TO PROVIDE INCENTIVE COMPENSATION PLANS OR OTHER EMPLOYEE BENEFITS OR COMPENSATION PLANS, IN THE AGGREGATE, REASONABLY COMPARABLE TO THOSE PROVIDED IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT; (V) A MATERIAL BREACH OF THIS AGREEMENT BY EMPLOYER; OR (VI) A REQUIREMENT THAT EXECUTIVE REPORT TO AN OFFICE MORE THAN 25 MILES FURTHER FROM EXECUTIVE'S RESIDENCE AT THE TIME OF SUCH MATERIAL CORPORATE EVENT THAN THE OFFICE TO WHICH EXECUTIVE WAS REQUIRED TO REPORT IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT.
Material Reason used in this Section 4 shall have the meanings given to such terms in the Employment Agreement, as amended by this Amendment):
Material Reason ha s the me an in g spec ifie d in § 9 .5 ( Definition of Material Reason);
Material Reason has the meaning set forth in Article 40 (Definition of Material Reason);