Common use of Materiality Defined Clause in Contracts

Materiality Defined. For purposes of this Article 6, a condition to closing will be considered "material" if, in the aggregate, all adverse conditions applicable to Seller or Purchaser, as the case may be (offset by all beneficial conditions, if any arising since August 23, 1998), equal or exceed $175,000 of operating income.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Ahl Services Inc), Stock Purchase Agreement (Unicco Service Co)