Negative Material Change definition
Negative Material Change is defined in Section 2.5(e).
Examples of Negative Material Change in a sentence
If a WOTC/WtW Similar Program is renewed and enacted on or before the Renewal Date, the parties to this Agreement shall endeavor to determine in good faith whether the differences in the WOTC/WtW Similar Program and the WOTC/WtW Program (as enacted for fiscal year 2003) have resulted in a Negative Material Change.
Upon the determination that a Negative Material Change has occurred, the parties shall in good faith determine the amount by which the Escrow Assets shall be decreased (the “NMWC Deduction Amount”).