Materially Burdensome Condition definition

Materially Burdensome Condition has the meaning specified in Section 5.1(a)(iv).
Materially Burdensome Condition has the meaning set forth in Section 4.3(d).
Materially Burdensome Condition has the meaning set forth in Section 7.3(a). “Multiemployer Plan” means each “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA.

Examples of Materially Burdensome Condition in a sentence

  • None of the Requisite Approvals shall have resulted in the imposition of a Materially Burdensome Condition.

  • No temporary restraining order, preliminary or permanent injunction or other judgment or order issued by any court or agency of competent jurisdiction or other Law, rule, legal restraint or prohibition (collectively, “Restraints”) shall be in effect preventing the consummation of the Merger or imposing a Materially Burdensome Condition.

  • Second, the survey results suggest that non-profit social service organizations have a strong sense of their identity and have been actively defending their independence even as they have found it necessary to accept a more intimate relationship with the state.

  • There shall be any temporary, preliminary or permanent Restraints in effect preventing the consummation of the Offer or the Merger or imposing a Materially Burdensome Condition.

  • None of the Seller Required Approvals, the Synovus Required Approvals or the Capital One Required Approvals shall have resulted in the imposition of any Materially Burdensome Condition.


More Definitions of Materially Burdensome Condition

Materially Burdensome Condition means any condition (X) imposed on any Purchaser Company or CareFirst Company which would (i) materially limit the ability of Purchaser after the Merger, as the sole stockholder of CareFirst, to exercise full rights of ownership of the shares of CareFirst, including, without limitation, the right to vote such shares as provided by Maryland law, (ii) materially limit the ability of CareFirst, as the Surviving Corporation in the Merger, to exercise full rights of ownership of the shares of the Primary CareFirst Insurers, including the right to vote such shares as provided by applicable law, (iii) materially limit the ability of Purchaser to operate its business or the business of the CareFirst Companies after the Merger in substantially the same manner as the CareFirst Companies were operated on the date of the Original Agreement, or (iv) materially change the terms of the consideration to be paid in connection with the transactions contemplated by this Agreement or (Y) that now exists and is not rescinded or is imposed on any Purchaser Company or CareFirst Company and that materially limits the declaration or payment of dividends (except for any limitation that conforms to the guidelines of the National Association of Insurance Commissioners applicable to managed care companies).
Materially Burdensome Condition means a term or condition of any Government Approval that would reasonably be expected to (1) result in a Company Material Adverse Effect or (2) result in a material adverse effect on Parent and its Subsidiaries (including, after the Effective Time, the Company and its Subsidiaries), taken as a whole (measured on a scale relative to the Company and its Subsidiaries, taken as a whole), after giving effect to the Transactions.
Materially Burdensome Condition has the meaning set forth in Section 7.3(a).
Materially Burdensome Condition means with respect to Parent, Merger Sub or the Company a condition imposed by a Governmental Entity that causes or is reasonably likely to cause: (i) a material impairment of the benefits, taken as a whole, which Parent, Merger Sub or the Company reasonably expect to derive from the consummation of the Transactions had Parent, Merger Sub or the Company not been obligated to take or refrain from taking or agreeing to take or refrain from taking such action or suffer to exist such condition, limitation, restriction or requirement; (ii) a material negative effect on the business or the assets, liabilities, properties, operations, results of operations or condition (financial or otherwise) of Parent, Merger Sub or the Company, or any of their members or Affiliates; or (iii) any requirement to sell, divest, operate in a specified manner, hold separate or discontinue or limit, before or after the Closing Date, any material assets, liabilities, businesses, operations, or interest in any assets or businesses of Parent, Merger Sub or the Company, or any of their respective members or Affiliates.‌
Materially Burdensome Condition means for purposes of the Combination Agreement, except as otherwise agreed to by the parties, a condition if (i) such condition is imposed by the Minister under the Investment Canada Act as a prerequisite to the granting of the Investment Canada Act Approval and (ii) compliance with such condition would impose significant material burdens on the Company or Galenica.
Materially Burdensome Condition means any condition, restriction or requirement imposed by any Governmental Authority in connection with the issuance of a Regulatory Approval which in the reasonable good faith determination of Merchants would materially reduce the reasonably expected financial or operational benefits of the Merger to Merchants to such a degree that Merchants would not have entered into this Agreement had such condition, restriction or requirement been known to Merchants prior to the date of this Agreement.
Materially Burdensome Condition has the meaning set forth in Section 6.12(d). “Medicaid” means the programs established under the applicable provisions of Title XIX of the Social Security Act, as amended, modified, revised or replaced as well as any final rules and final regulations adopted pursuant thereto and any written directives, instructions, guidelines, bulletins, manuals, requirements, policies and standards issued by CMS or the applicable state.