Material Violation definition

Material Violation means a violation that:
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 mate- rial violation of an applicable United States federal or state securities law, a material breach of fiduciary duty aris- ing under United States federal or state law, or a similar material viola- tion of any United States federal or state law.

Examples of Material Violation in a sentence

  • Any Material Violation or potential material violation of the Code must be promptly reported to the CCO.

  • The Agency shall evaluate, annually as of December 31, or at any time information is brought to the Agency’s attention, whether a Local Sales Tax Benefit Violation, Job Deficit, Investment Deficit, Reporting Failure, Event of Default, or Material Violation (each a “Noncompliance Event”) has occurred.

  • To do so, a Contractholder must submit to Us a completed Contractholder application and any additional Premium due within 60 days of becoming aware of the error.e. Material Violation of Contract.If a Contractholder and/or his Dependents adequately demonstrate that We or another entity substantially violated a material provision of the health benefit contract in which he is enrolled, they may enroll during this Special Enrollment Period.

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

  • It may be that the conception of rationality which, on the surface, only tells one how to get what one wants also tells one what the limits of what one can rationally want actually are.


More Definitions of Material Violation

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.
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 any violation of Applicable Laws that is not an Immaterial Violation.
Material Violation. Section 2.16(a) “Merger” Recital AMonthly FinancialsSection 6.7 Defined Term SectionMultiemployer Plan” Section 2.11(b)
Material Violation means any violation that has resulted or that, unless fully remedied by the Principal Shareholders at their expense to Parent’s reasonable satisfaction so as not to cause any Loss, may result directly or indirectly in any Losses to the Company, any Subsidiary, the Surviving Corporation, Parent, their respective Affiliates, or any of their respective officers, directors, shareholders, employees, agents or representatives, which Losses (calculated as the aggregate of all Losses incurred by all such Persons combined) amount to at least $50,000 with respect to any single violation or at least $150,000 when aggregated with all other violations of Environmental Laws and/or Environmental Permits.
Material Violation which means the act of failing to accomplish a requirement of law, rule, contract, or charter school’s bylaws that substantially affects a charter school’s employees’ or students’ rights or privileges;