Common use of Material Event Clause in Contracts

Material Event. “Material Event” shall mean an occurrence that affects the Recipient’s strategic direction, mission, business operation, its status as a Certified CDFI or Nonprofit Organization, or its compliance with the terms and conditions of this Assistance Agreement; or as further described in Section 7.8 of this Assistance Agreement.

Material Event. “Material Event” shall mean an occurrence that affects the Recipient’s strategic direction, mission, or business operationoperation and, thereby, its status as a Certified CDFI or Nonprofit Organization, or an Insured Depository Institution and/or its compliance with the terms and conditions of this Assistance Agreement; or as further described in Section 7.8 of this Assistance Award Agreement.

Material Event. “Material Event” shall mean an occurrence that affects the RecipientAwardee’s strategic direction, mission, or business operationoperation and, thereby, its status as a Certified CDFI or Nonprofit Organization, or an insured depository institution and/or its compliance with the terms and conditions of this Assistance Agreement; or as further described in Section 7.8 of this Assistance Award Agreement.