Material issue definition

Material issue means a nontrivial defect in the solicitation or award that would prejudice the outcome of the procurement. The presence of multiple nonmaterial issues in a solicitation or award does not constitute a material issue unless the aggrieved party can establish that those nonmaterial issues together would prejudice the outcome of the procurement.

Material issue means a nontrivial defect in the

Material issue has the meaning given to it in Section 5.5.

Material issue means an issue or irregularity which is not previously reflected in information and materials made publicly available by the Company via SGX-ST’s SGXNET or otherwise notified or provided by the Company in the course of the Investment Due Diligence and results in or is likely to result in a Material Adverse Effect;

Material issue means any issue which would reasonably be expected to materially and adversely impact a Party’s rights, operations or business in connection with this Agreement, including: any issue which would reasonably be expected to materially and adversely impact (i) the ownership by such Party of a Trademark, (ii) the validity or enforceability of a Trademark owned or purported to be owned by such Party or (iii) the ability of such Party to control the assignment or sublicense of a Trademark owned or purported to be owned by such Party.

Material issue means either any single issue, circumstance or fact or series of issues, circumstances or facts, with respect to the Premises discovered and documented in a third-party report or otherwise that creates a potential liability or expense to Purchaser for repair or remedial costs or other expense, liability or obligation equal to or greater than Five Hundred Thousand Dollars ($500,000). In the event an immaterial part of the Premises is damaged or destroyed as a result of a Casualty and it is not a Material Issue, Seller shall promptly contract for and commence repairs and complete such repairs as soon as practicable and the parties shall proceed with Closing as set forth herein without repair of the casualty damage and Purchaser shall receive a credit against the Purchase Price in the amount of the damage estimate, as reasonably determined by Seller and Purchaser.

Material issue means a question or decision which, alone or in the aggregate with related questions or decisions, (a) would have or would reasonably be expected to have a financial impact of more than $1,000,000 on the operations, finances, capitalization or strategic direction of Holding Company or any of its Subsidiaries, other than as set forth in any plan of operation or annual budget or business plan which has been approved by the board of directors of Holding Company; (b) would have or would reasonably be expected to have a significant impact on the Distribution Force of AVLIC or on any regulatory approvals or insurance ratings of AVLIC; (c) involves the marketing by Holding Company or its Subsidiaries of a new product line or through a new method of distribution; (d) would or might involve Holding Company, AVLIC, AIC or any other Subsidiary in any potential violation of applicable Law that would or would reasonably be expected to have a material adverse effect on Holding Company or any Subsidiary thereof; or (e) is a matter which the board of directors has been unable to resolve as provided in Section 2.6(a). Except as otherwise agreed in writing at the time the question or decision arises, a Material Issue shall not occur in relation to: (1) any action reasonably attendant to the day to day operation of Holding Company or any Subsidiary thereof; or (2) any matter which is expressly resolved by reference to an express provision of a) this Agreement, the Service Agreements, the Guaranties or any other written Contract between ▇▇▇▇ and AML, as modified or amended from time to time, b) any then effective plan of operation, annual budget or business plan for Holding Company, AVLIC or AIC which has been approved by a vote of its board of directors, or c) any applicable resolution of the board of directors of Holding Company, AVLIC or AIC (or action of the executive committee of AVLIC or AIC) which has not been withdrawn and has not been the subject of a subsequent vote in which the board of directors (or executive committee) was unable to resolve such matter.

Material issue means (a) with respect to a matter involving a Governmental Entity, any issue (or series of related issues) involving an amount (as reasonably determined by the Administrator based on available information) equal to or more than $200,000, (b) with respect to any other Legal Proceeding (not involving a Governmental Entity), any issue (or series of related issues) involving an amount (as reasonably determined by the Administrator based on available information) equal to or more than $500,000, (c) any commitment, including any operational commitment, market under-taking, or any obligation on the Company or any of its Affiliates required by a Governmental Authority or pursuant to a Legal Proceeding, that would limit the ability of the Company to wind-down the Business, or (d) any issue which the Company reasonably determines could have an adverse consequence or impact (other than an immaterial consequence or impact) on the operations of United or its Affiliates.

Material issue means an issue in relation to the Services, which requires Web Wonks to spend four or more hours to resolve, remedy or fix.