Definition of Material Sample Clauses
Definition of Material. For purposes of this Section 12, “material” shall mean, as to a given Building or parcel of vacant Land, as the case may be, (a) having a cost to repair or replace that exceeds twelve and one-half percent (12.5%) of the portion of the Purchase Price allocated to such Building and the Land upon which it is located, or such parcel of vacant Land, as the case may be, and upon which allocation Seller and Buyer mutually agree, or (b) having incurred such Damage or Condemnation as shall preclude such Building’s or vacant Land parcel’s being restored to a condition (i) that would be, when restored, substantially comparable to the condition that existed on the Effective Date and (ii) that would comply, when restored, with all applicable laws and regulations, or (c) having incurred such Damage or Condemnation as gives rise to the rights of any Tenants to terminate their respective Leases.
Definition of Material. Except to the extent that different criteria are specified with respect to a specific paragraph of this Agreement, an event, occurrence or circumstance will be deemed to be "material" with respect to a party if such event, occurrence or circumstance causes or is reasonably likely to cause damage, loss or expense to such party in excess of $5,000.00.
Definition of Material. For purposes of this Article, “Material” shall be deemed to include Material delivered to a Party, any cylinders or storage or transportation equipment provided by either Party in connection with such a delivery, nuclear fuel or other products fabricated from, or containing, the Material delivered to Customer, and the services provided by USEC in connection with Material delivered hereunder.
Definition of Material. Unless otherwise provided in this Agreement, material means an amount involving at least £25,000 to the extent any damages can be quantifiable.
Definition of Material. For purposes of this Paragraph 16, damage to the Property, or a taking of a portion thereof, shall be deemed to be material or involve a material portion thereof if (i) the estimated cost of restoration or repair, as estimated by Buyer in Buyer's reasonable discretion, or by the Independent Contractor in the event Seller disputes Buyer's estimate, of such damage or the amount of the condemnation award with respect to such taking shall exceed one percent (1%) of the Purchase Price, (ii) access to the Property is prevented or otherwise impeded for in excess of sixty (60) days by the casualty or taking, (iii) occupancy in excess of Ten Thousand (10,000) square feet of space in the Property is prevented for in excess of sixty (60) days due to such casualty or taking, or (iv) all or any portion of the parking areas of the Property are taken.
Definition of Material. For the purposes of Section 11.1 and 11.2, “Material” refers to the following: (a) loss or damage to the Property hereof such that the cost of repairing or restoring the Property in question to substantially the same condition which existed prior to the event of damage would be, in the opinion of an architect or a qualified licensed contractor mutually agreed to by Seller and Purchaser, equal to or greater than Five Hundred Thousand Dollars and 00/100 ($500,000.00); and (b) any loss due to a Condemnation which permanently and materially impairs the current use of the Property.
Definition of Material. 45 11.15 INTERPRETATION......................................................46 List of Schedules and Exhibits...............................................48 AGREEMENT entered into as of the 19th day of May, 1999, between Lernout & Hauspie Speech Products N.V., a Belgian corporation with its principal place of business in Ieper, Belgium ("Buyer"), and Fonix Corporation, a Delaware corporation with its principal headquarters in Salt Lake City, Utah ("Fonix") and Fonix/ASI Corporation, a Utah corporation with its principal place of business in Woburn, Massachusetts ("ASI") (Fonix and ASI together, the "Sellers").
Definition of Material. Except to the extent that different criteria are specified with respect to a specific section or paragraph of this Agreement, an event, occurrence or circumstance will be deemed to be “material” with respect to a party if such event, occurrence or circumstance causes or will cause damage, loss or expense to such party in excess of $5,000. A series of related or similar events, occurrences or circumstances will be deemed to be “material” with respect to a party if such series of related or similar events, occurrences or circumstances cause or will cause damage, loss or expense to such party in excess of $5,000.
Definition of Material. Whenever in this Agreement the word "material" is used in a context which requires a calculation of a monetary amount, the amount shall be considered "material" if it involves an amount greater than $2,000 or a matter that has economic significance greater that $2,000.