Material Threat Sample Clauses

The Material Threat clause defines circumstances under which a significant risk or danger to the agreement or its objectives is recognized. In practice, this clause typically outlines what constitutes a 'material threat,' such as substantial financial loss, reputational harm, or regulatory action, and may specify the process for identifying and responding to such threats. Its core function is to ensure that both parties are prepared to address serious risks promptly, thereby protecting the interests of all involved and maintaining the integrity of the agreement.
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Material Threat. Within fifteen (15) days after the Company or any of its Subsidiaries obtains knowledge of the commencement or written threat of commencement of any material litigation or proceeding against the Company or any of its Subsidiaries or their respective assets, written notice by the Company of the nature and extent of such litigation or proceeding.
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Material Threat. As soon as possible, but in any case within fifteen (15) Business Days after Z-Tel learns in writing of the commencement of any suit or administrative, arbitration or other proceeding against Z-Tel, any of its Affiliates or their respective businesses, assets or properties, and in each case only to the extent an adverse judgment in the suit or proceeding would materially impact Z-Tel's ability to fulfill its obligations under this Agreement, Z-Tel will provide to Sprint a reasonably detailed description of the threat summarizing its potential impacts both operationally and financially.
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Material Threat. Sprint will provide notice to Z-Tel as soon as possible, but in any case within fifteen (15) Business Days after Sprint learns in writing of the commencement of any suit or administrative, arbitration or other proceeding against Sprint, any of its Owned Affiliates or their respective businesses, assets or properties, in each case only to the extent an adverse judgment in the suit or proceeding would materially impact Sprint's ability to fulfill its obligations under this Agreement. Sprint will provide a reasonably detailed description of the threat summarizing its potential impacts both operationally and financially.
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Related to Material Threat

  • 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 Litigation Promptly after the commencement thereof, notice of all actions, suits, investigations, litigation and proceedings before any court or governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, affecting any Loan Party or any of its Subsidiaries of the type described in Section 4.01(f), and promptly after the occurrence thereof, notice of any material adverse change in the status or the financial effect on any Loan Party or any of its Subsidiaries of the Material Litigation from that described on Schedule 4.01(f) hereto.

  • Adverse Change A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

  • Environmental Claim The receipt from any Governmental Authority or other Person of any notice of violation, claim, demand, abatement, order or other order or direction (conditional or otherwise) for any damage, including personal injury (including sickness, disease or death), tangible or intangible property damage, contribution, indemnity, indirect or consequential damages, damage to the environment, pollution, contamination or other adverse effects on the environment, removal, cleanup or remedial action or for fines, penalties or restrictions, resulting from or based upon (i) the existence or occurrence, or the alleged existence or occurrence, of a Hazardous Substance Activity on any Mortgaged Property in violation of any law or (ii) the violation, or alleged violation, of any Hazardous Materials Laws in connection with any Mortgaged Property or any of the other assets of Borrower;

  • Proposed Corrective Action Plan Simultaneously with the submission of the Audit, the District will submit to OCR for its review and approval a proposed Corrective Action Plan to address all inaccessible content and functionality identified during the District’s Audit. The proposed Corrective Action Plan will set out a detailed schedule for: (1) addressing problems, taking into account identified priorities, with all corrective actions to be completed within 18 months of the date OCR approved the Corrective Action Plan; (2) setting up systems of accountability and verifying claims of accessibility by vendors or open sources; and setting up a system of testing and accountability to maintain the accessibility of all online content and functionality on an ongoing basis. In its Corrective Action Plan, the District will acknowledge that if all inaccessible content and functionality identified during the Audit is not removed or made accessible on a timely basis, the District will be in violation of this Agreement, Section 504, and Title II and OCR may initiate administrative enforcement or judicial proceedings to enforce the specific terms and obligations of the Agreement.