No material concerns Sample Clauses
The "No material concerns" clause serves to affirm that, as of the agreement date, neither party is aware of any significant issues or risks that could adversely affect the contract or its performance. In practice, this means each party is declaring that there are no undisclosed legal, financial, or operational problems that might impact their ability to fulfill their obligations. This clause helps ensure transparency and trust between the parties by requiring disclosure of any major concerns, thereby reducing the risk of future disputes arising from hidden issues.
No material concerns. If CME reasonably determines in its sole judgment that the requested change will not materially impair clearing services or materially increase operational costs to CME or CME Clearing Members, CME shall submit to CBOT a reasonably detailed proposal for implementing the change, which need not be binding, and which shall include an estimate of the amount to be paid to CME for the requested change.