Common use of STANDARD OF MATERIALITY AND OF MATERIAL ADVERSE EFFECT Clause in Contracts

STANDARD OF MATERIALITY AND OF MATERIAL ADVERSE EFFECT. (a) For purposes of sections 4, 6, and 7 of this Share Exchange Agreement, the terms "material" and "materially," when used with reference to items normally expressed in dollars, shall be deemed to refer to amounts individually and in the aggregate in excess of 3 percent of the shareholders' equity of Purchaser as of March 31, 2008, as determined in accordance with generally accepted accounting principles. (b) For purposes of sections 5, 8, and 9 of this Share Exchange Agreement, the terms "material" and "materially," when used with reference to items normally expressed in dollars, shall be deemed to refer to amounts individually and in the aggregate in excess of 3 percent of the shareholders' equity of UTS as of March 31, 2008, as determined in accordance with generally accepted accounting principles.

STANDARD OF MATERIALITY AND OF MATERIAL ADVERSE EFFECT. (a) For purposes of sections 4, 6, and 7 of this Share Exchange Agreement, the terms "material" and "materially," when used with reference to items normally expressed in dollars, shall be deemed to refer to amounts individually and in the aggregate in excess of 3 percent of the shareholders' equity of Purchaser Public Company as of March 31, 20082006, as determined in accordance with generally accepted accounting principles. (b) For purposes of sections 5, 8, and 9 of this Share Exchange Agreement, the terms "material" and "materially," when used with reference to items normally expressed in dollars, shall be deemed to refer to amounts individually and in the aggregate in excess of 3 percent of the shareholders' equity of UTS VFCT as of March 31, 20082006, as determined in accordance with generally accepted accounting principles.