MATERIAL FUNCTION Clause Samples

MATERIAL FUNCTION. A. In the event PROVIDER removes a material function ("Function") found in any Software licensed by PROVIDER to TAMUS hereunder ("Initial Software") from a subsequent version or release of such Software, whether such removal occurs via Support Services purchased by TAMUS for the Initial Software or otherwise, and that Function appears in another product ("Additional Software") PROVIDER makes commercially available, then TAMUS, at TAMUS's sole discretion and without forfeiting rights to Initial Software, shall be entitled to receive an equal quantity of licenses for the Additional Software as TAMUS had rights to the Initial Software at no additional license or Support Services charge provided that has purchased Support Services continuously from the date of license acquisition of the particular unit of Initial Software, until the time Additional Software is offered to TAMUS hereunder.
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MATERIAL FUNCTION. 4.4.1 A material function includes any function that has the potential if disrupted, to have a significant impact on the insurance business operations to manage risk effectively, including risk to the fair treatment of customers. 4.4.2 For the purpose of this policy, the following business functions will be regarded as material functions: 4.4.2.1 Information Technology; 4.4.2.2 Human Resources; 4.4.2.3 Treasury; 4.4.2.4 Finance (includes investments); 4.4.2.5 Complaints; 4.4.2.6 Claims. 4.4.2.7 Sales and marketing 4.4.3 Intermediary Services and Binder Functions that are provided by authorised financial services providers which are deemed to be material will also be subject to the provisions of this policy.
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Related to MATERIAL FUNCTION

  • MATERIAL SAFETY All manufacturers, importers, suppliers, or distributors of hazardous chemicals doing business in this State must provide a copy of the current Material Safety Data Sheet (MSDS) for any hazardous chemical to their direct purchasers of that chemical.

  • Material Non-Public Information Notwithstanding any other provision of this Agreement, the Company and the Agent agree that the Company shall not deliver any Issuance Notice to the Agent, and the Agent shall not be obligated to place any Shares, during any period in which the Company is in possession of material non-public information.

  • Disclosure; No Material Misstatements The certificates, written statements and reports, and other written information, taken as a whole, furnished by or on behalf of the Borrower or any Guarantor to the Administrative Agent and the Lenders in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto, do not contain any material misstatement of fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were or are made, not misleading as of the date such information is dated or certified; provided that (a) to the extent any such certificate, statement, report, or information was based upon or constitutes a forecast or projection, the Borrower represents only that it acted in good faith and utilized reasonable assumptions and due care in the preparation of such certificate, statement, report, or information (it being recognized by the Lenders, however, that projections as to future events are not to be viewed as facts and that results during the period(s) covered by such projections may differ from the projected results and that such differences may be material and that the Borrower makes no representation that such projections will be realized) and (b) as to statements, information and reports supplied by third parties, the Borrower represents only that it is not aware of any material misstatement or omission therein. There are no statements or conclusions in any Reserve Report which are based upon or include material misleading information or fail to take into account known material information regarding the matters reported therein, it being understood that projections concerning volumes attributable to the Oil and Gas Properties of the Borrower and the other Credit Parties and production and cost estimates contained in each Reserve Report are necessarily based upon professional opinions, estimates and projections and that the Borrower and the other Credit Parties do not warrant that such opinions, estimates and projections will ultimately prove to have been accurate.

  • Agreement to Perform Necessary Acts Each party agrees to perform any further acts and execute and deliver any further documents which may be reasonably necessary or otherwise reasonably required to carry out the provisions of this Agreement.

  • Material An itemized list of all materials purchased and installed at the crossing location. If materials purchased are installed at multiple crossing locations, a notation must be made to identify the crossing location.