Material Reductions Sample Clauses
The Material Reductions clause defines the circumstances under which significant decreases in the scope, value, or quality of goods or services provided under a contract are addressed. Typically, this clause outlines what constitutes a 'material' reduction, such as a substantial cut in deliverables, service levels, or project funding, and may specify the process for notification, renegotiation, or remedies available to the affected party. Its core practical function is to protect parties from unexpected or unilateral changes that could undermine the contract’s intended value, ensuring that both sides have recourse if the agreed-upon terms are significantly diminished.
Material Reductions. None of the parties to any of the contracts identified in the INT'▇.▇▇▇ Disclosure Schedule pursuant to Section 3.14 have terminated, or in any way expressed in writing to INT'▇.▇▇▇ or any Subsidiary an intent to reduce or terminate the amount of its business with INT'▇.▇▇▇ or any Subsidiary in the future.
Material Reductions. Except as set forth on Section 3.15 of the HT Disclosure Schedule, to HT's knowledge, none of the parties to any of the contracts identified in the HT Disclosure Schedule pursuant to Section 3.14 have terminated, or, to the knowledge of HT, in any way expressed to HT an intent to reduce or terminate the amount of its business with HT in the future.
Material Reductions. 18 3.16 Insurance and Banking Facilities............................ 18 3.17 Employees................................................... 18
Material Reductions. To Calogic's knowledge, none of the parties to any of the contracts identified in the Calogic Disclosure Schedule pursuant to Section 3.14 have terminated, or, expressed to Calogic an intent to reduce or terminate the amount of its business with Calogic by an amount in excess of $50,000 in the aggregate.
Material Reductions. One hundred percent (100%) of any raw material reduction negotiated by Buyer will be subtracted from the firm fixed prices. The reduced price for each delivery will become effective with the first unit delivered which contains the reduced raw material pricing. Fifty percent (50%) of any raw material reduction negotiated by Seller will be subtracted from the firm fixed prices. The reduced price for each delivery will become effective with the first unit delivered which contains the reduced raw material pricing.
Material Reductions. To Diamond's and each of its Subsidiary's knowledge, none of the parties to any of the contracts identified in the Diamond Disclosure Schedule pursuant to Section 3.14 have terminated, or in any way expressed to Diamond or any Subsidiary an intent to reduce or terminate the amount of its business with Diamond or any Subsidiary in the future.
Material Reductions. None of the parties to any of the contracts identified in the Adaytum Disclosure Schedule pursuant to Section 3.14 have terminated, or, to the knowledge of Adaytum, in any way expressed to Adaytum an intent to reduce or terminate the amount of its business with Adaytum in the future.
Material Reductions. To Celsys’s knowledge, none of the parties to any of the contracts identified in the Celsys Disclosure Schedule pursuant to Section 3.14 have terminated, or, to the knowledge of Celsys, in any way expressed to Celsys an intent to reduce or terminate the amount of its business with Celsys in the future.
Material Reductions. To Onex's knowledge, none of the parties to ------------------- any of the contracts identified in the Onex Disclosure Schedule pursuant to Section 3.14 have terminated, or, to the knowledge of Onex, in any way expressed to Onex an intent to reduce or terminate the amount of its business with Onex in the future.
Material Reductions. To DA's knowledge, none of the parties to any of the contracts identified in the DA Disclosure Schedule pursuant to Section 3.14 have terminated, or, to the knowledge of DA, in any way expressed to DA an intent to reduce or terminate the amount of its business with DA in the future.