Material Breach of Contract definition

Material Breach of Contract means a violation of any of the Client's obligations set out in Article 8, Part X, of the Terms and Conditions and breach of the obligations stated in the Contract marked as "Material Breach of Contract" "Instruction" shall mean a clear and understandable direction of the Client addressed to the Bank to provide a Banking Service, to provide an Investment Service, or to perform any other activity or act usually made in paper form on the Bank's form, through Internet Banking, or by Telephone Banking or via any other permissible method under the Contract or the Terms and Conditions.
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Material Breach of Contract means a breach of the obligation to deliver on time and install the delivered product, where there is a defective title, as well as such material defects as detrimentally affect its functionality or suitability for use in such a manner as is not just negligible; moreover, where a duty to provide advice, protection or exercise due care has been breached, if such duties are intended to enable the Customer to use the product in the contractually intended manner or which are intended to protect the Customer’s employees from physical
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Examples of Material Breach of Contract in a sentence

  • In case of serious accident caused due to negligence of the Licensee, resulting in injury, death to commuters or DMRC employees or loss to DMRC property, it shall constitute Material Breach of Contract and considered Licensees Event of Default that shall entitle DMRC to terminate the License Agreement with 30 days written notice.

  • In the event of Licensee failing to deposit the dues within thirty (30) days from the date of issue of termination notice, it shall constitute Material Breach of Contract and Licensee’s Event of Default under this Agreement and shall entitle Maha-Metro to encash the Security Deposit/Performance Security and terminate the License Agreement as per provisions stipulated in Chapter-15 of the License Agreement.

  • In the event of Licensee failing to deposit the dues within thirty (30) days from the date of issue of termination notice, it shall constitute Material Breach of Contract and Licensee’s Event of Default under this Agreement and shall entitle Maha-Metro to encash the Security Deposit and terminate the License Agreement as per provisions stipulated in Chapter-15 of the License Agreement.

  • In case of serious accident caused due to negligence of the Licensee, resulting in injury, death to commuters or Maha-Metro employees or loss to Maha-Metro property, it shall constitute Material Breach of Contract and considered Licensees Event of Default that shall entitle Maha- Metro to terminate the License Agreement with 30 days written notice.

  • In case of serious accident caused due to negligence of the Licensee, resulting in injury, death to visitor or Licensor’s employees or loss to Licensor’s property, it shall constitute Material Breach of Contract and considered Licensee Event of Default that shall entitle Licensor to terminate the License Agreement with 60 days written notice.

  • In case of serious accident caused due to negligence of the Licensee, resulting in injury, death to commuters or CMRL employees or loss to CMRL property, it shall constitute Material Breach of Contract and considered Licensee Event of Default that shall entitle CMRL to terminate the License Agreement with 30 days written notice.

  • Repetitive failures within a 12 month period that are not consecutive but liquidated damages total $300,000 or more may result in the EMS Director recommending to the Board of Supervisors to find the Contractor in Material Breach of Contract.

  • If the Licensee fails to pay or partly pay the Annual license fee and/or any other dues required to be paid as per terms and condition of License Agreement by the due date, this shall constitute as Material Breach of Contract as per clause 15.2.1 (b), making the Licensee liable for actions as per clause 15.3 of the License Agreement.

  • In case of serious accident caused due to negligence of the Licensee, resulting in injury, death to commuters or MAHA-METRO employees or loss to MAHA-METRO property, it shall constitute Material Breach of Contract and considered Licensees Event of Default that shall entitle MAHA-METRO to terminate this Agreement with 30 days written notice.

  • In case of serious accident caused due to negligence of the Licensee, resulting in injury, death to metro/road commuters or Maha-Metro employees or loss to Maha-Metro property or Road Median, it shall constitute Material Breach of Contract and considered Licensees Event of Default that shall entitle Maha-Metro to terminate the License Agreement with 30 days written notice.

Related to Material Breach of Contract

  • Material Breach means a breach by either Party of any of its obligations under this Agreement which has or is likely to have a Material Adverse Effect on the Project and which such Party shall have failed to cure.

  • Willful Breach means a material breach that is a consequence of an act undertaken or a failure to act by the breaching party with the knowledge that the taking of such act or such failure to act would, or would reasonably be expected to, constitute or result in a breach of this Agreement.