Material Modifications definition
Material Modifications means and include any modification to an existing RPTs, in aggregate with a related party, having variance of 25% in value of the transaction already approved by the Audit Committee or Board or Shareholders, as the case may be, or such modification as may be decided by the Audit Committee.
Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.
Material Modifications means any modification to the existing Related Party Transaction which has the effect of increasing or decreasing the value of original contract by 35% or more.
Examples of Material Modifications in a sentence
For complete program details, refer to the Summary Program Description (SPD) dated September 2017 & associated Summary of Material Modifications (SMMs).
For complete program details, refer to the Summary Plan Description (SPD) dated September 2017 & associated Summary of Material Modifications (SMMs).
For complete plan details, refer to the Summary Program Description (SPD) dated September 2017 & associated Summary of Material Modifications (SMMs).
More Definitions of Material Modifications
Material Modifications means such modifications that are necessary for the Facility to operate in conformity with Applicable Laws, Permits, specifications and Standards, Guaranteed Operating Characteristics, Operating Procedures, Good Industry Practice or other mandatory standards applicable to this Agreement” “Memorandum and Articles of Association” means the Memorandum and Articles Association that constitute and govern Seller;
Material Modifications means and includes any modification to an existing related party transaction having variance of 20% of the approved limit as sanctioned by the Audit Committee/Board/Shareholders, as the case may be.
Material Modifications. : means any modification in the existing related party transaction wherein the modification in the approved limit is Rs. 1 crore or 10% of existing approved limit, whichever is higher.
Material Modifications means any modification made in the terms and conditions of any Related Party Transactions, which are existing as on the date of adoption of this Policy or entered subsequently as originally approved by the Audit Committee and/ or shareholders, as the case may be, having significant impact, including the criteria illustrated below, on the nature, value, tenure, exposure, or likely financial impact of such transaction, as may be determined by the Audit Committee from time to time;
Material Modifications means: triggering of any of the following conditions whether individually or in aggregate:
Material Modifications means any modification or amendment to the related party agreement / transaction which is likely to result in a 50% upward or downward revision in the original contractual value of the related party agreement / transaction approved by the Audit Committee.
Material Modifications means alterations which significantly change the overall design, "look and feel" or functionality of the TSA Site, or which extend or reduce the Features Set.