ADVERSE IMPACT, SIGNIFICANT Clause Samples

The "Adverse Impact, Significant" clause defines what constitutes a significant negative effect or consequence within the context of an agreement. Typically, this clause sets specific thresholds or criteria—such as financial loss, operational disruption, or legal consequences—that must be met for an impact to be considered significant. For example, it may specify that only losses exceeding a certain monetary value or disruptions lasting beyond a set period qualify. The core function of this clause is to provide clarity and set objective standards for when parties can invoke certain rights or remedies, thereby reducing ambiguity and potential disputes over what qualifies as a significant adverse impact.
ADVERSE IMPACT, SIGNIFICANT. An adverse impact with more than moderate adverse effects on environmental quality. What is considered significant will vary from one site to another, and from one jurisdiction to another, both because of specific existing conditions at a particular location, and because of the judgement of the responsible official.
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Related to ADVERSE IMPACT, SIGNIFICANT

  • Adverse Weather Shall be only weather that satisfies all of the following conditions: (1) unusually severe precipitation, sleet, snow, hail, or extreme temperature or air conditions in excess of the norm for the location and time of year it occurred based on the closest weather station data averaged over the past five years, (2) that is unanticipated and would cause unsafe work conditions and/or is unsuitable for scheduled work that should not be performed during inclement weather (i.e., exterior finishes), and (3) at the Project.

  • Weaknesses By far the biggest weakness in Dundee is the high concentration of deprivation. Of the 179 datazones in the city 53(30%) including 28.9% of the population are in the 15% most deprived according to the Scottish Index of Multiple Deprivation. The effect of this level of inequality is that Dundee has outcomes in relation to learning, health and employability which are significantly lower than the Scottish average.

  • Adverse Developments Since June 30, 2009, there has been no material adverse change in the business, operations or condition (financial or otherwise) of the Company; nor has there been since such date, any damage, destruction or loss, whether covered by insurance or not, materially or adversely affecting the business, properties or operations of the Company.

  • No Adverse Material Change (i) Since December 31, 2005 there shall not have occurred any event, condition or state of facts which could reasonably be expected to have a Material Adverse Effect and (ii) no representations made or information supplied to Agent or Lenders shall have been proven to be inaccurate or misleading in any material respect;

  • No Material Weakness in Internal Controls Except as disclosed in the Disclosure Package and the Prospectus, or in any document incorporated by reference therein, since the end of the Company’s most recent audited fiscal year, there has been (i) no material weakness in the Company’s internal control over financial reporting (whether or not remediated) and (ii) no change in the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.