Material Violation definition

Material Violation means a violation that:

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Material Violation means a violation which, individually or in the aggregate with all other such violations, would have a Material Adverse Effect or constitute or give rise to a default under, result in the termination of or a right of termination or cancellation under, accelerate the performance required by, or result in the creation of any lien, pledge, security interest, charge or other encumbrance upon any of the Assets, any of the assets of Purchaser or assets of Seller relating to the Branch Office under any Purchaser or Seller Agreement.

Material Violation means a breach of the Code that raises relatively serious issues including but not limited to a conflict of interest, front running, short-term trading, market timing or other circumstances or patterns of incidents or transactions that suggest the possibility of a violation of this Code or the securities laws, particularly Section 17(j) of the Act, Rule 17j-1 under the Act or Section 206 of the Investment Advisers Act of 1940, or a series of minor violations which in their aggregate may constitute a serious violation, or raise a question of the sufficiency of procedures.

Examples of Material Violation in a sentence

• Such notice will include all of the Party’s reasons for believing that there has been a Material Violation Of Agreement Flow Schedules.

• If any Party to this Agreement besides YCWA believes that there has been a Material Violation of Agreement Flow Schedules, then that Party will so notify all other Parties to this Agreement in writing.

• If the Parties to this Agreement agree, or the Chief of the Division of Water Rights of the SWRCB determines, that a Material Violation of Agreement Flow Schedules has occurred, then YCWA will make a one-time payment of $100,000 to the RMF, General Account, in addition to the payments to the RMF that YCWA is required to make under section 5.3.2, and in addition to the payments required by section 6.

• If a Material Violation occurs and the Recipient then owns all or any portion of the Shares obtained through the exercise of the Option, then the Company shall have the right, but not the obligation, to repurchase such Shares from the Recipient for an amount per Share equal to the Exercise Price plus any related income taxes and FICA paid or payable by the Recipient as a result of the exercise of the Option with respect to those repurchased Shares.

• Any Party to this Agreement may exercise an option to withdraw at its discretion from this Agreement if a second Material Violation of Agreement Flow Schedules has occurred.

More Definitions of Material Violation

Material Violation means any violation of this Code or other misconduct deemed material by the CCO, in conjunction with the Compliance Committee or the Victory Capital Board of Directors.

Material Violation means any violation of a Hazardous Substance Law (1) which jeopardizes or could jeopardize the ability of the Partnership to develop, own, or operate the Project for its intended purposes, and (2) the correction of which will require the Partnership to spend funds beyond those likely to be available to the Partnership for such purpose in the ordinary course of events.

Material Violation means a material violation of applicable United States federal or state securities law, a material breach of fiduciary duty arising under United States federal or state law, or a similar material violation of any United States federal or state law.5

Material Violation means any violation of Applicable Laws that is not an Immaterial Violation.

Material Violation as used in this procedure shall mean a material violation of an applicable United States federal or state securities law, a material breach of fiduciary duty arising under United States federal or state law, or a similar material violation of any United States federal or state law. “Material” refers to conduct or information about which a reasonable investor in the Fund would want to be informed before making an investment decision.

Material Violation means: (i) any violation or contravention of applicable Law, as determined by a high court (or an equivalent regulatory, quasi-judicial or judicial authority) or any superior regulatory, quasi-judicial or judicial authority which may result in a monetary penalty on the Company or a Subsidiary in excess of INR 25,00,00,000 (Indian Rupees Twenty Five Crores only) (or such higher amount as may be agreed in writing between the Company, Key Promoters and the Investors) in case of violation of applicable any Law in relation to Taxes, or a monetary penalty on the Company or a Subsidiary in excess of INR 10,00,00,000 (Indian Rupees Ten Crores only) in any other case; (ii) any violation or contravention of applicable Law which may result in the cancellation, suspension and/or revocation of Company’s certificate of registration obtained from the RBI dated May 12, 2014 as a systemically important non-deposit accepting and holding non-banking financial company, and/or the Subsidiary’s certificate of registration obtained from the NHB dated May 16, 2018 as non-deposit accepting and holding housing finance company and/or any other similar (systemically material to the business) regulatory registration or license obtained by the Company and/or the Subsidiary from time to time; and/or (iii) any violation or contravention of applicable Law which may result in any suspension of business operations of the Company and/or Subsidiary by the RBI or equivalent Governmental Authority.

Material Violation means, with the exception of those Violations listed on Schedule 1.1(b) attached hereto, any single Violation which would reasonably be expected to cost more than $10,000 to cure or remove, or any group of Violations for which the aggregate cost to cure or remove the same would reasonably be expected to cost more than $50,000.