Specified Qualifications definition
Specified Qualifications means the following: (a) all instances of the word “material” in Section 4.04, (b) both instances of the phrase “Material Adverse Effect” (including the use of the word “Material” in the defined term and all instances of the word “material” in the definition thereof) in Section 4.05, (c) the instance of the word “material” in Section 4.11(b)(iii), and (d) use of the word “Material” when used as the first word of the defined term “Material Contract”.
Specified Qualifications means the following: (i) the instance of the phrase “Material Adverse Effect” in Section 3.7(b); (ii) the instance of the word “material” in the last sentence of Section 3.8; (iii) the instance of the word “materially” in the last sentence of Section 3.9(a); (iv) all instances of the word “material” in Section 3.11(a); (v) the Qualifications in Section 3.12(b) immediately following the reference to Schedule 3.12(b) of the Seller Disclosure Letter but only as applied to clause (iii) of Section 3.12(b); (vi) all Qualifications in Section 3.12(c); (vii) the use of the word “material” in the first sentence of Section 3.14(a); (viii) the first instance of the word “material” in Section 3.15(f); (ix) the instance of the word “material” in Section 3.18(a); (x) the use of the word “material” when used as the first word of the defined terms “Material Adverse Effect” and “Material Contract” and (xi) the use of the word “material” when used as the first word of the defined terms “Material Permit” and “Material Commingled Contract.”
Specified Qualifications means each of the following: (a) the instances of the word “material” in Section 4.3(b); (b) all instances of the word “material” in Section 4.5(a); (c) the instances of the word “materially” in Section 4.6; (d) the instance of the word “material” in the second sentence of Section 4.9(a); (e) the instance of the word “material” in the second sentence of Section 4.9(c); (f) the instance of the word “material” in Section 4.11(a); (g) the instance of the word “material” in Section 4.12(a) and Section 4.12(c); (h) the instance of the word “material” in Section 4.13(b); (i) the instance of the phrase “Material Adverse Effect” in Section 4.16(a) and the instance of the word “material” in Section 4.16(b); (j) the use of the word “materially” or “material” when used in defining the terms “Material Adverse Effect”, “Assigned Material Contract”, “Material Shared Contracts”, and “Material Contracts”; and (k) the use of the word “Material” when used as part of a capitalized defined term herein.
Examples of Specified Qualifications in a sentence
For the avoidance of doubt, the waiver granted hereby is temporary in nature and not permanent and the Specified Qualifications will result in an Event of Default in the event that the Specified Qualifications are not permanently waived on or prior to the end of the Temporary Waiver Period.
Each Borrower agrees that the Temporary Waiver Rate is consideration for the waiver of the Specified Qualifications by the Lenders during the Temporary Waiver Period and does not constitute a penalty.
Upon the satisfaction of the conditions set forth in Section 6, the Administrative Agent and the Lenders hereby grant a one-time temporary waiver solely of the Specified Qualifications and solely for the period commencing on the Third Amendment Effective Date through and including June 30, 2020 (such period, the “Temporary Waiver Period”).
More Definitions of Specified Qualifications
Specified Qualifications means the qualifications as to materiality in Section 3.9(a), in the first sentence of Section 3.10(a), in the first sentence of Section 3.16 and in Section 3.17.
Specified Qualifications means the following: (a) the instances of the word “material” in the phrases “material Permit” and “material Patent Cross License Agreement” in Section 4.3(b)(ii) and instance of the phrase “Material Adverse Effect” in Section 4.3(b)(ii); (b) all instances of the word “material” in Section 4.5(a); (c) the instances of the word “materially” in Section 4.6; (d) the instance of the word “material” in the last sentence of Section 4.9(a); (e) the instance of the word “material” in the second sentence of Section 4.9(c); (f) the instance of the word “material” in Section 4.11(a); (g) the instance of the word “material” in Section 4.12(a) and Section 4.12(c); (h) the instance of the word “material” in Section 4.13(b); (i) the instance of the phrase “Material Adverse Effect” in Section 4.16(a) and the instance of the word “material” in Section 4.16(b); (j) the use of the word “materially” or “material” when used in defining the terms “Material Adverse Effect”, “Assigned Material Contract”, “Material Shared Contracts”, and “Material Contracts”; and (k) the use of the word “Material” when used as part of a capitalized defined term herein.