Examples of Material Reason in a sentence

Except as provided in this § 18.4, Early Termination by virtue of operation of Automatic Termination shall be as provided in § 18.3 (Termination for Material Reason).
It may be terminated in accordance with either § 10.2 (Expiration Date and 30 Day Termination Notice) or § 10.3 (Termination for Material Reason) through § 10.5 (Definition of Material Reason).
It may be terminated in accordance with § 18.2 (Expiration Date), § 18.3 (Termination for Material Reason), § 18.4 (Automatic Termination) or § 18.5 (Definition of Material Reason).
If "Automatic Termination" is specified as applying to a Party in the Election Sheet, and upon the occurrence of a Material Reason described in § 10.5(c) (Winding- up/Insolvency/Attachment), the Terminating Party need not send that Party any notice of the designation of an Early Termination Date and the Early Termination Date in such event shall be as specified in the Election Sheet.
If this § 18.4 is specified as applying in Section B of Part I (Individual Terms) to a Party, and upon the occurrence of a Material Reason described in § 18.5(b) (Winding-up/Insolvency Attachment), the Terminating Party need not send that Party any notice of the designation of an Early Termination Date and the Early Termination Date in such event shall be as specified in Section B of Part I (Individual Terms).

More Definitions of Material Reason

Material Reason has the meaning specified in § 10.5 (Definition of Material Reason); “Negotiation Period” has the meaning specified in § 14.8 (Termination for New Tax);

Material Reason. For the purposes of Section 5(g) of the Master Agreement, a Material Reason shall also exist with respect to a Party if such Party fails to transfer, when due, Eligible Credit Support under Clause 3, Clause 4 or Clause 8 or a Letter of Credit Default has occurred, and such failure or Letter of Credit Default is not cured within (3) Business Days of written demand by the other Party.

Material Reason has the meaning specified in § 10.5 (Definition of a Material Reason); "Megawatt Hours" or "MWh" means three decimal six (3.6) GJ;

Material Reason has the meaning set forth in Article 40 (Definition of Material Reason);

Material Reason has the meaning given to it in Clause 7.3 of these Common User Terms;

Material Reason ha s the me an in g spec ifie d in § 9 .5 ( Definition of Material Reason);

Material Reason means (I) THE ASSIGNMENT TO EXECUTIVE (WITHOUT EXECUTIVE'S WRITTEN CONSENT) OF ANY POSITION, DUTIES OR RESPONSIBILITIES WHICH EXECUTIVE, IN HIS REASONABLE JUDGMENT, DEEMS TO BE MATERIALLY AND SUBSTANTIALLY LESS FAVORABLE THAN HIS POSITIONS, DUTIES AND RESPONSIBILITIES WITH EMPLOYER IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT, (II) A CHANGE IN EXECUTIVE'S REPORTING RESPONSIBILITIES, STATUS, TITLES OR OFFICES AS IN EFFECT IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT (WITHOUT EXECUTIVE'S WRITTEN CONSENT) WHICH EXECUTIVE, IN HIS REASONABLE JUDGMENT, DEEMS TO BE MATERIALLY ADVERSE TO EXECUTIVE, (III) A REDUCTION IN EXECUTIVE'S BASE SALARY AS IN EFFECT AT THE TIME OF SUCH MATERIAL CORPORATE EVENT; (IV) A FAILURE TO CONTINUE TO PROVIDE INCENTIVE COMPENSATION PLANS OR OTHER EMPLOYEE BENEFITS OR COMPENSATION PLANS, IN THE AGGREGATE, REASONABLY COMPARABLE TO THOSE PROVIDED IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT; (V) A MATERIAL BREACH OF THIS AGREEMENT BY EMPLOYER; OR (VI) A REQUIREMENT THAT EXECUTIVE REPORT TO AN OFFICE MORE THAN 25 MILES FURTHER FROM EXECUTIVE'S RESIDENCE AT THE TIME OF SUCH MATERIAL CORPORATE EVENT THAN THE OFFICE TO WHICH EXECUTIVE WAS REQUIRED TO REPORT IMMEDIATELY PRIOR TO SUCH MATERIAL CORPORATE EVENT.