Potential Noncompliance definition

Potential Noncompliance means the identification, by the Compliance Enforcement Authority, of a possible failure by a Registered Entity to comply with a Reliability Standard that is applicable to the Registered Entity.
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Potential Noncompliance means a condition or event which, with ----------------------- notice or lapse of time or both, would constitute an Event of Noncompliance.
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Examples of Potential Noncompliance in a sentence

  • On the Closing Date there shall be no Event of Noncompliance or Potential Noncompliance.

  • Non-Numeric Technology-Based Effluent Limits See Potential Noncompliance Item 2 in Inspection Report.

Related to Potential Noncompliance

  • Event of Noncompliance has the meaning set forth in the Certificate of Designation.

  • Noncompliance means a failure in estimating, accumulating, or reporting costs to—

  • Serious violation means a violation of this act, an order issued under this act, or a rule promulgated or adopted by reference under this act for which a substantial probability exists that death or serious impairment of a body function to an individual other than the violator may result unless the violator did not and could not, with the exercise of reasonable diligence, know of the presence of the violation.

  • Material Compliance Matter has the same meaning as the term defined in Rule 38a-1, and includes any compliance matter that involves: (1) a violation of the federal securities laws by Distributor (or its officers, directors, employees, or agents); (2) a violation of Distributor's Rule 38a-1 policies and procedures; or (3) a weakness in the design or implementation of Distributor's Rule 38a-1 policies and procedures.

  • Environmental Violation means any activity, occurrence or condition that violates or results in non-compliance with any Environmental Law in any Material respect.