Material Waiver definition
Material Waiver means a waiver by Pipelogic of a provision of a Material Contract which waiver will result in Buyer or Pipelogic, as applicable, either (a) receiving less consideration under the Material Contract than would have been received without the waiver, or (b) incurring greater liability under the Material Contract than would have been incurred without the waiver.
Material Waiver means a waiver by Weatherford, any Asset Seller, any Share Seller or any Target Company, as applicable, which waiver will result in Acquiror, any Buyer, or any Target Company, as applicable, either (a) receiving less consideration under the Contract in any material amount than would have been received without the waiver, or (b) incurring greater liability in any material respect under the Contract than would have been incurred without the waiver.
Material Waiver means the waivers listed on Schedule 2.4(n).
Examples of Material Waiver in a sentence
However, good argument against this: no consideration, would be holding D to misleading statements just beceause they made them, like holding one to a promise they don't fulfill (▇▇▇▇▇▇▇▇), some courts say this is exception to notion that promises aren't binding without consideration (Note Material) -Waiver is an intentional relinquishment of known right; estoppel is preclusion to assert a position.
More Definitions of Material Waiver
Material Waiver means a waiver by the relevant Seller or Timco, as applicable, of a provision of a Material Contract which waiver will result in Buyer or Timco, as applicable, either (a) receiving less consideration under the Material Contract than would have been received without the waiver, or (b) incurring greater liability under the Material Contract than would have been incurred without the waiver.