Non-Material Changes definition
Examples of Non-Material Changes in a sentence
For the avoidance of doubt, Non-Material Changes shall not include a reduction in the exchange ratio, a reduction in the number of Common Shares sought in the Offer or a material change in the conditions of the Offer, including without limitation a waiver of a non-waivable condition as described in the first bullet point on page 37 of the Prospectus.
None of the Merger Documents shall have been amended, waived or modified without the prior written approval of the Agents and the Requisite Lenders (other than Non-Material Changes) and there shall not have occurred or exist any material breach or default thereunder.
The Borrowers shall not amend, supplement or otherwise modify any of the Related Documents, except (a) with the prior written consent of the Administrative Agent and the Required Lenders, which consent shall not be unreasonably withheld or delayed or (b) for Non-Material Changes.
Such flexibility includes the right to make Non-Material Changes to the Services and the Proposal, provided that KBI Biopharma implements all such changes only (a) in accordance with KBI Biopharma’s written standard operating procedures governing change control and (b) after confirming that such change does not affect either the related Client Product specifications if such specifications and requirements are fixed in writing by the Parties.
The terms and conditions of the Merger -------------------------- as set forth in the Merger Documents have not been amended, waived or modified without the approval of the Agents and the Lenders (other than Non-Material Changes).
Non-Material Changes to the scope of a project will have no effect on the corresponding SOW.
None of the terms of Merger Documents shall ---------------- have been amended, waived or modified without the approval of the Agents and the Lenders (other than Non-Material Changes) and there shall not have occurred or exist any material breach or default thereunder.