Material Inaccuracy definition

Material Inaccuracy means a finding of falsely certified eligibility or Funding Application related information submitted by Grantees, architects, or other design professionals that allowed the Grantee an advantage in the funding process. For penalties associated with Material Inaccuracy findings, see Education Code Section 17070.51.
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Material Inaccuracy means any falsely certified eligibility or funding application related information submitted by school districts, architects or other design professionals that allowed the school district an advantage in the funding process. “Median Cost” means, for purposes of a Preliminary Apportionment, the middle number in a given sequence of
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Material Inaccuracy as used in this section means an error favoring Vastera equal to or exceeding *.
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Examples of Material Inaccuracy in a sentence

  • If a failure by the Grantee to comply with the terms of this Agreement, or an audit report determination that the Grantee has violated applicable state or federal law as it relates to this Project, stems from falsely certified information on the Funding Application or Fund Release Application (including certifications made by architects or other design professionals), then Material Inaccuracy findings and penalties, as described in Education Code 17070.51 and SFP Regulation Section 1859.104.1, may apply.

  • The party claiming the Adjustment Payment shall deliver to the other party, within thirty five (35) calendar days after the Closing, the detailed basis in writing for the Material Inaccuracy and the amount of the subsequent Adjustment Payment.

  • For purposes of determining the Material Inaccuracy, such materially inaccurate material shall have an effect of at least FIM 1,000,000 on the interim account to be made as of June 30, 1997.

  • If the inaccuracy is a Material Inaccuracy and Seller did have knowledge of the inaccuracy on the date of Seller's execution of this Agreement, then Buyer shall also have all other rights and remedies afforded by law and equity.

  • If the requirements of subsections (i) and (ii) are not satisfied as of the pickup date, Customer will be deemed to have made a “Material Inaccuracy”, and Customer will have 5 business days to revise the Job in writing to correct the description so that the Material Inaccuracy is corrected.

  • The information provided to the Administrative Agent and the Lenders by or on behalf of the Borrower Parties relating to the CNL Entities and the transactions contemplated under the Loan Documents (including without limitation and any information provided in connection with Schedule 5.1(2)) shall not result in any Core Material Inaccuracy.

  • The information provided to the Administrative Agent and the Lenders by or on behalf of the Transaction Parties relating to the CNL Entities and the transactions contemplated under the Loan Documents shall not result in any Core Material Inaccuracy.

  • If the inaccuracy is discovered after Closing and is not a Material Inaccuracy, Buyer shall have no right or remedy against Seller for such inaccuracy.

  • If any Material Inaccuracy in Seller's warranties and representations shall be discovered by Buyer prior to the Close of Escrow or shall be disclosed to Buyer in the Closing Certificate, then as its sole right and remedy, Buyer shall have the right to terminate this Agreement by delivering notice thereof to Seller and Escrow Holder on or before the Scheduled Closing Date, in which case the terms of SECTION 9.3 shall be applicable.

  • Notwithstanding the foregoing, the Indemnified Parties shall have no claim for indemnifiable damages unless and until: (i) the Closing occurs, and (ii) one or more of the Indemnified Parties suffers or incurs an actual out-of pocket loss to a third party on account of a Material Inaccuracy.


More Definitions of Material Inaccuracy

Material Inaccuracy has the meaning ascribed to it in SECTION 6.2.
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Material Inaccuracy means, collectively, an inaccuracy or inaccuracies in any one or more of the representations made by Seller either (x) pursuant to Section 27 hereof (as made as of the date hereof) or (y) in Seller's Representation Certificate (as made as of the date of Closing), which inaccuracy or inaccuracies, in the aggregate, give rise to a Representation Loss (as hereinafter defined) in excess of $8,000,000.00. The term "Representation Loss" shall mean, with respect to any Material Inaccuracy or Immaterial Inaccuracy (as hereinafter defined), the aggregate of (x) the amount of any diminution in value of the Property and (y) the amount of any loss, cost, damage, liability and expense that is or (as reasonably estimated) may be suffered by Purchaser, as a result of, or in connection with, the inaccuracy or inaccuracies giving rise thereto.
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Material Inaccuracy means any falsely certified eligibility or funding application related information submitted by school districts, architects or other design professionals that allowed the school district an advantage in the funding process. “Median Cost” means, for purposes of a Preliminary Apportionment, the middle umber in a given sequence of property value numbers, or the average of the middle two property value numbers when the given sequence of property value numbers has an even number of numbers.
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Material Inaccuracy means an inaccuracy relating to any matter mentioned in section 10(2);
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Related to Material Inaccuracy

  • Material Information means any information (Material Fact or Material Change) relating to the business and affairs of the Company that results in or would reasonably be expected to result in a significant change in the market price or value of any of the Company’s securities;

  • Material IP means any Intellectual Property that is material to the conduct of the business of the Borrower and its Restricted Subsidiaries, taken as a whole.

  • Material Document Defect As defined in Section 2.03(a) of this Agreement.

  • Material Deviation refers to any contents or characteristics of the proposal that is significantly different from an essential aspect or requirement of the RFP, and : (i) substantially alters the scope and quality of the requirements; (ii) limits the rights of UNDP and/or the obligations of the offeror; and (iii) adversely impacts the fairness and principles of the procurement process, such as those that compromise the competitive position of other offerors.

  • Material Intellectual Property means any intellectual property owned by any Loan Party that is, in the good faith determination of the Borrower, material to the operation of the business of the Borrower and its Restricted Subsidiaries, taken as a whole.