Non-material non-conformity definition
Non-material non-conformity. 1. A non-conformity in the equity capital reflected in the financial statements in a sum lower than NIS 2,000,000. It is clarified and agreed as exclusive exceptions to what is stated at the head of this definition that adjustments that may be required by virtue of the due diligence examination in connection with (ii) the appraisal of value of Malibu Ltd.; (iii) liabilities of the Mayo family (as defined below) will not be included in the scope of the amount, of two million new shekels as aforesaid, and/or