Materially Reduced definition

Materially Reduced means where there is a reduction of available vehicular lane capacity on the Principal Traffic Connection of 50% or more. MC Margin means 15%, or as otherwise agreed by the parties, acting reasonably. Minimum Refinancing Requirements means that:
Sample 1Sample 2
Materially Reduced has the meaning set forth in Section 5.9(c). "MCB" means monochlorobenzene. "Monthly Requisite Number of Railcars" means the amount, rounded up to the nearest whole number of Railcars, equal to (i) the Initial Railcar Number divided by (ii) the number of months (rounded to the nearest whole number of months) contained in the period from the Closing Date until June 30, 1998. "1997 Accrued Vacation Liability" has the meaning set forth in Section 9.2. "No Further Action Letter" means a letter or other formal written communication from the LDEQ and/or other Governmental Entity having jurisdiction (a) indicating that no further Remedial Action is necessary regarding the Known Contaminant in the Known Contaminated Area or (b) otherwise stating in equivalent language that the LDEQ or such Governmental Entity will require no further Remedial Action with respect to such Known Contaminant in such Known Contaminated Area (including approval by the LDEQ and/or such other Governmental Entity of a plan or report submitted by Seller to LDEQ or such Governmental Entity recommending no further action with respect to such Known Contaminant in such Known Contaminated Area). It is understood and agreed that if the only qualification set forth in such letter or other formal written communication is a statement to the effect that the determination is made "at this time" (or such equivalent language), the parties shall consider such a letter or other formal written communication to be a "No Further Action Letter" with respect to the applicable Known Contaminant within the applicable Known Contaminated Area. "Non-Assumed Liabilities" has the meaning set forth in Section 2.4(b).
Sample 1
Materially Reduced has the meaning set forth in Section 5.9(c).
Sample 1

Examples of Materially Reduced in a sentence

  • The Manager may terminate this Contract in whole if the Manager determines that statutory changes enacted by the Indiana General Assembly have materially altered the Parties’ bargain or Significantly and Materially Reduced the Scope of the Manager's authority under this Contract, as set forth in this Contract or in Attachment A.


More Definitions of Materially Reduced

Materially Reduced means that the sales attributed to such customer have decreased in the twelve (12) months ended December 31, 2000 compared to the twelve (12) months ended December 31, 1999 by more than 20%.
Sample 1

Related to Materially Reduced

  • Materially Impair means any amendment to the terms of the Award that materially adversely affects the Participant’s rights under the Award. A Participant’s rights under an Award will not be deemed to have been Materially Impaired by any such amendment if the Board, in its sole discretion, determines that the amendment, taken as a whole, does not materially impair the Participant’s rights. For example, the following types of amendments to the terms of an Award do not Materially Impair the Participant’s rights under the Award: (i) imposition of reasonable restrictions on the minimum number of shares subject to an Option that may be exercised, (ii) to maintain the qualified status of the Award as an Incentive Stock Option under Section 422 of the Code; (iii) to change the terms of an Incentive Stock Option in a manner that disqualifies, impairs or otherwise affects the qualified status of the Award as an Incentive Stock Option under Section 422 of the Code; (iv) to clarify the manner of exemption from, or to bring the Award into compliance with or qualify it for an exemption from, Section 409A; or (v) to comply with other Applicable Laws.

  • Substantially relates means the nature of criminal conduct for which the person was convicted has a direct bearing on the fitness or ability to perform one or more of the duties or responsibilities necessarily related to the occupation; and

  • Substantially Responsive Bid means the bid that contains no material differences or deviations from, or reservations to, the terms, conditions and specifications given in the bidding documents;

  • Biologically-based mental illness means schizophrenia, schizoaffective disorder, major depressive disorder, bipolar disorder, paranoia and other psychotic disorders, obsessive-compulsive disorder, and panic disorder, as these terms are defined in the most recent edition of the diagnostic and statistical manual of mental disorders published by the American Psychiatric Association.

  • Potentially hazardous food means any food or ingredient, natural or synthetic, in a form capable of supporting the growth of infectious or toxigenic microorganisms, including Clostridium botulinum. This term includes raw or heat treated foods of animal origin, raw seed sprouts, and treated foods of plant origin. The term does not include foods which have a pH level of 4.6 or below or a water activity (Aw) value of 0.85 or less.

  • materially shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and

  • Materially Damaged means damage which, in Seller's reasonable estimation, exceeds $500,000.00 to repair or which, in Seller's reasonable estimation, will take longer than ninety (90) days to repair.

  • Substandard, Doubtful," "Loss" or any comparable classification ("Classified Credits"). BCS will furnish GBB, as soon as practicable, and in any event within 20 days after the end of each calendar month, schedules including the following: (a) Classified Credits (including with respect to each credit its classification category and the originating unit); (b) nonaccrual credits (including the originating unit); (c) accrual exception credits that are delinquent 90 or more days and have not been placed on nonaccrual status (including its originating unit); (d) credits delinquent as to payment of principal or interest (including its originating unit), including an aging into current-to-29, 30-59, 60-89, and 90+ day categories; (e) participating loans and leases, stating, with respect to each, whether it is purchased or sold and the originating unit; (f) loans or leases (including any commitments) by BCS or BBC to any BCS or BBC director, officer at or above the senior vice president level, or shareholder holding 10% or more of the capital stock of BCS, including with respect to each such loan or lease the identity and, to the knowledge of BCS, the relation of the borrower to BCS or BBC, and the outstanding and undrawn amounts; (g) letters of credit (including the originating unit); (h) loans or leases wholly or partially charged off during the previous month (including with respect to each loan or lease, the originating amount, the write-off amount and its originating unit); and (i) other real estate or assets acquired in satisfaction of debt.

  • Actually Realized means, for purposes of determining the timing of any Taxes (or related Tax cost or benefit) relating to any payment, transaction, occurrence or event, the time at which the amount of Taxes (including estimated Taxes) payable by any person is increased above or reduced below, as the case may be, the amount of Taxes that such person would be required to pay but for the payment, transaction, occurrence or event.

  • Substantially limits means the extent to which the impairment limits an individual’s ability to perform a major life activity as compared to most people in the general population, whether or not an individual chooses to forgo mitigating measures. 42 U.S.C. 126 §12102(4); 28 CFR §35.108(d); 28 CFR §35.105(d) The rules of construction when determining whether an impairment substantially limits performance of a major life activity include:

  • Acutely mentally ill means a condition which is limited to a

  • Materially Adverse Effect means (a) any material adverse effect upon the business, assets, liabilities, financial condition or results of operations of the Borrower and its Subsidiaries, taken as a whole, or (b) a material adverse effect upon any material rights or benefits of the Lenders or the Administrative Agent under the Loan Documents.

  • Developmentally disabled person means a person who has a disability defined in RCW 71A.10.020. RCW 26.44.020

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Established business relationship means a relationship between a seller and a consumer based on:

  • Commercially Reasonable or “Commercially Reasonable Efforts” means, with respect to any action required to be made, attempted or taken by a Party under this Agreement, the level of effort in light of the facts known to such Party at the time a decision is made that: (a) can reasonably be expected to accomplish the desired action without a material increase in costs incurred by such Party; (b) is consistent with Prudent Industry Practices; and (c) takes into consideration the amount of advance notice required to take such action, the duration and type of action and the competitive environment in which such action occurs.

  • Federally related transaction means any real estate related

  • Historically Disadvantaged Individual (HDI) - means a South African citizen:

  • Historically disadvantaged individuals (HDIs means all South African citizens –

  • Alter means to change the cellular structure of living tissue.

  • Intimidating, threatening, abusive, or harming conduct means, but is not limited to, conduct that does the following:

  • Gender identity or expression means a person's gender-related identity, appearance or behavior, whether or not that gender-related identity, appearance or behavior is different from that traditionally associated with the person's physiology or assigned sex at birth, which gender-related identity can be shown by providing evidence including, but not limited to, medical history, care or treatment of the gender-related identity, consistent and uniform assertion of the gender-related identity or any other evidence that the gender-related identity is sincerely held, part of a person's core identity or not being asserted for an improper purpose.

  • Historically Disadvantaged Individual (HDI) means a South African citizen -

  • Family relationship means a relationship between a person and another person within the third degree by consanguinity or the second degree by affinity, as those terms are defined by Subchapter B, Chapter 573, Texas Government Code.

  • Institutional Responsibilities means an Investigator’s professional responsibilities on behalf of the Institution, including activities such as research, teaching, clinical or other professional practice, academic activities, scholarly events, institutional committee memberships, and service on panels such as Institutional Review Boards or Data and Safety Monitoring Boards.

  • Business Relation means any current or prospective client, customer, licensee, supplier, or other business relation of the Company Group, or any such relation that was a client, customer, licensee or other business relation within the prior six (6) month period, in each case, with whom Executive transacted business or whose identity became known to Executive in connection with Executive’s employment hereunder.