Material concerns Clause Samples
The 'Material concerns' clause identifies and addresses significant issues or factors that could impact the performance or outcome of an agreement. In practice, this clause typically requires parties to disclose any major risks, obstacles, or circumstances that could materially affect their obligations or the success of the contract, such as financial instability, regulatory changes, or key dependencies. Its core function is to ensure transparency and allow both parties to assess and manage potential risks, thereby reducing the likelihood of disputes or unexpected disruptions during the contract's execution.
Material concerns. If CME reasonably determines in its sole judgment that the requested change will materially impair functionality or materially increase operational costs to CME or CME Clearing Members, CME may, but shall not be required to, submit to CBOT a reasonably detailed proposal for implementing the change, including cost estimates, which need not be binding.
Material concerns. If CME reasonably determines in its sole judgment that the requested change will materially impair functionality or materially increase operational costs to CME or CME members, CME may, but shall not be required to, submit to NYMEX a reasonably detailed proposal for implementing the change, including cost estimates, which need not be binding. Portions of this exhibit have been omitted pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. The omissions have been indicated by “[***Redacted***]”, and the omitted text has been filed separately with the Securities and Exchange Commission.