Material Breach Event means the Holders breach of the Non-Interference Agreement (as defined below).
Material Breach Event means any of the following events: (i) the Management Shareholders’ material breach of the provisions under any of the Transaction Documents and VIE Documents; (ii) the Management Shareholders’ violation of the non-competition and non-solicitation provisions set forth in Section 6.02 of Shareholders Agreement; (iii) the Management Shareholders’ failure to comply with the corporate governance provisions set forth in Article 2 of Shareholders Agreement; (iv) failure by the Group Companies to obtain or renew the Consents that are necessary for the conduction of business operations by the Group Companies; (v) the Principal being held criminally liable for any reason and such event has materially and adversely affected the Group Companies’ business operations; or (vi) the occurrence of any Qualified IPO Rejection Event.
Examples of Material Breach Event in a sentence
It is clarified that the remedying of the event specified in Sections 24.5.1 to 24.5.2 below and/or the Material Breach Event shall not entitle the Customer to a refund of the said additional interest.
The Bank shall give the Customer written notice of the rate of the additional interest within 30 days of the day on which the Bank learns of an event specified in Sections 24.5.1 to 24.5.2 below and/or the Material Breach Event (as applicable).
However, on completion of six (6) months service, LEOFF II employees will be credited with a bank of eight (8) shifts of sick leave in addition to three (3) shifts of sick leave normally earned in said six (6) months.
The Bank may at any time and from time to time, immediately, while giving notice thereof to the Customer, reduce or revoke a credit facility, or postpone, or delay the provision of any Credit, in whole or in part, if a Material Breach Event (as defined in Section 24.3 below) occurs, even before the expiration of the period (if granted) for the remedying of such event, or if other conditions arise that require immediate reduction or revocation of the credit facility or in other cases permitted by any Law.
More Definitions of Material Breach Event
Material Breach Event shall have the meaning specified in Section 23.2(f).
Material Breach Event means any of the following: (a) any fraud of any of the Company, the HK Company, the WFOE, the Domestic Company, the Principals, the Principal Holding Companies or other members of the management in any aspects (including but not limited to management and operation, audit and financial accounting, acquirement and maintaining of approval and permit), or any material breach of the applicable Transaction Documents by any of the Company, the HK Company, the WFOE, the Domestic Company, the Principal Holding Companies or the Principals, for purpose of this definition “Material Breach Event”, with respect to the Series A-1 Investor, the Transaction Documents shall also include Onshore JV Contract and WP Onshore Subscription Agreement (as defined in the Existing Purchase Agreement), with respect to the Series A-3 Investor, the Transaction Documents shall also include Onshore JV Contract and PV Onshore Subscription Agreement (as defined in the Existing Purchase Agreement), with respect to Taikang, the Transaction Documents shall also include Onshore JV Contract and TK Onshore Subscription Agreement, with respect to Tencent, Links Advance, Cinda, Taihe and Weijinke, the Transaction Documents shall also include Onshore JV Contract and Series B Onshore Subscription Agreement (as defined in the Existing Purchase Agreement), with respect to Boyu and Haitong, the Transaction Documents shall also include Onshore JV Contract and Onshore Transfer Agreement, (b) the termination by any Principal of his employment relationship with the Company and/or the Group Companies, or the material breach by any Principal of the employment contract, intellectual property ownership and confidentiality agreement and non-compete agreement entered into by him, (c) the failure to obtain, renew, or the revocation of, approvals, registrations, permits, licenses, qualifications and any similar permissions that are essential to the Business of the Group Companies; and (d) any change made by any Principal to the shareholding structure of any Group Companies without the approval of each Major Investor that is not generally acceptable in the international market.
Material Breach Event means the failure by either Cedent to comply with its obligations under this Section 23.2, including but not limited to the failure to use best efforts in good faith to file and obtain an Obligatory Premium Rate Increase for any reason; provided however, that a Material Breach Event shall not include the failure to obtain an Obligatory Premium Rate Increase as a result of a Regulatory Risk Event, or as a result of and during the pendency of (and for a reasonable period after termination of) any bona fide dispute being arbitrated pursuant to the terms of this Article XXIII or Article XX.
Material Breach Event shall have the meaning given to it in paragraph (4) of Article 18 -
Material Breach Event means the failure to file and obtain an Obligatory Premium Rate Increase for any reason, including but not limited to a breach by either Reinsured of its obligation under the immediately preceding paragraphs (1) and (2) of this Article; provided however, that a Material Breach Event shall not include the failure to obtain an Obligatory Rate Increase as a result of a Regulatory Risk Event, or as a result of and during the pendency of (and for a reasonable period after termination of) any BONA FIDE dispute being arbitrated pursuant to the terms of this Article 18 or Article 33.
Material Breach Event means either: (a) (i) the occurrence of a Material Breach referred to in clause (i) of the definition of "Material Breach", (ii) the giving of written notice of such Material Breach by the Non-Operating Partner to the Operating Partner and (iii) the failure to cure such Material Breach during the Cure Period; (b) the occurrence of a Material Breach referred to in clause (ii) of the definition of "Material Breach" and, if such Material Breach results from a Bankruptcy referred to in clause (i) of the definition of "Bankruptcy", the continuance of such Material Breach for sixty (60) days; or (c) the occurrence of an event that would have constituted a Triggering Event but for the proviso in the definition of "Triggering Event." A "cure" of a Material Breach referred to in clause (i) of the definition of "Material Breach" includes, without limitation, reimbursement of the Partnership for any costs, expenses, liabilities, obligations, losses, damages or penalties caused by such Material Breach.
Material Breach Event means the Executive’s material breach of the Non-Interference Agreement (as defined in the Employment Agreement).