Major Issue definition

Major Issue means a question or decision which, alone or in the aggregate with related questions or decisions, would have or would reasonably be expected to have a financial impact of more than $1,000,000 on the operations, finances, capitalization or strategic direction of Holding Company or any of its Subsidiaries, other than as set forth in any plan of operation or annual budget or business plan which has been approved by the board of directors of Holding Company.
View Source
Major Issue shall be settled by arbitration in accordance with the Rules of the American Arbitration Association (the "AAA Rules") and the Federal Arbitration Act. The determination of the arbitrator shall be expedited to the fullest extent possible, consistent with the AAA Rules, and such determination shall be deemed final. In the event arbitration is invoked as provided herein, the time periods set forth below for the conduct of the Auction shall not begin to run until after the arbitrator's decision is received by the parties.
View Source
Major Issue shall have the meaning set forth in Section ‎7.1.4.
View Source

Examples of Major Issue in a sentence

  • All of the documents to be delivered by the Seller pursuant to Section ‎4.2.1 above shall have been executed and delivered to the Buyer at or prior to the Closing Date, which includes the delivery of the Disclosure Schedule and all other schedules which are required to be annexed hereto as of the Closing, the lack of which would constitute a Major Issue.

  • Buyer’s Due Diligence Review (including its review of the Seller Disclosure Schedule) shall not have revealed any Major Issue that was not substantially remedied by Seller until the Closing.

  • Seller shall have obtained all Approvals and other consents by any Person, the lack of which would constitute a Major Issue.

  • ALIC and AML agree that any disputes arisi▇▇ ▇ut of or relating to the determination of whether a question or decision constitutes a "Major Issue" shall be settled by arbitration in accordance with the Rules of the American Arbitration Association (the "AAA Rules") and the Federal Arbitration Act.

  • Vars Custom Major Issue < 30 minutes < 4 hour Local Issue <2hours < 12 hour Minor Issue < 24 hours < 24 hours Informative request < Max 24 hours < 48 hours If the customer is unsure of the success offering associated with the customer’s ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇ account, the customer may be found at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇/▇▇▇/▇▇▇▇ domain/overview (upper left corner) or by email ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇/▇▇▇/▇▇▇▇ domain/support for details.

  • Severity of Support Case S0: No Access to ZynBit-System meltdown [24/7 Support Available] Phone/Remote-in ZynBit production environment is down and none of your users can login or access ZynBit Same Business Day Same Business Day S1: Major Issue- Help me now [12/5Support Available] Phone/Email/Chat Significant functionality is impaired for most users.

  • In the case of a Major Issue, in lieu of holding a meeting, the Members may vote or otherwise take action by a written instrument indicating the consent of Members holding fifty percent (50%) or more of the Class Percentages of the Members of each class of Member then held by the Members of each class of Member.

  • A Vehicle listed for sale on the TradeRev System will be sold "As Is" if it satisfies any one of the following criteria: (i) the Vehicle’s odometer reading exceeds 200,000 miles; (ii) the Vehicle is 20 or more model years old; (iii) at least one Major Issue is identified with respect to the Vehicle; or (iv) the Vehicle is designated “As Is” by the Seller.

  • One (1) Hour 2 Major Issue where operation of the system is considered severely limited, however operation can continue in a restricted fashion.


More Definitions of Major Issue

Major Issue means a major issue with performance and enterprise-wide effects involving unavailability of a feature or significant degrading of performance.
View Source
Major Issue shall have the meaning set forth in Article III "PERMITS" shall have the meaning set forth in Article I(F.) "PERMITTED EXCEPTIONS" shall have the meaning set forth in Article IV "PERSONAL PROPERTY" shall have the meaning set forth in Article I(C.) "PROPERTY" shall have the meaning set forth in Article I. "PROPERTY INFORMATION" shall have the meaning set forth in Article III "PURCHASE MONEY NOTE" shall have the meaning set forth in Article II "PURCHASER'S NOTICE" shall have the meaning set forth in Article III(D.) "PURCHASER'S REPORTS" shall have the meaning set forth in Article III(C.) "PURCHASER'S REPRESENTATIVES" shall have the meaning set forth in Article XXV "REACQUISITION PARCELS" shall have the meaning set forth in Article II "REAL PROPERTY" shall have the meaning set forth in Article I(B.) "SELLER'S CLOSING CERTIFICATE" shall have the meaning set forth in Article VI "SELLER'S LEASE" shall have the meaning set forth in Recital C "SELLER'S REPRESENTATIVES" shall have the meaning set forth in Article XXIV "SERVICE AGREEMENTS" shall have the meaning set forth in Article III(C.) "SPECIAL WARRANTY DEED" shall have the meaning set forth in Article IV "TENANT" shall have the meaning set forth in Recital C "TITLE COMMITMENT" shall have the meaning set forth in Article III(B.) "TITLE COMPANY" shall have the meaning set forth in Article II "TITLE REVIEW PERIOD" shall have the meaning set forth in Article IV "TITLE DEFECTS" shall have the meaning set forth in Article IV "TITLE DOCUMENTS" shall have the meaning set forth in Article III(B.) "TITLE POLICY" shall have the meaning set forth in Article IX(B.) "WARRANTY MODIFICATIONS" shall have the meaning set forth in Article VI(A.)
View Source
Major Issue means any issue that affects the functionality of the Software Products but does not cause severe disruption to the Customer's operations.
View Source
Major Issue which means any of the following conditions: (A) a history of fire or flood exposure or damage; (B) the vehicle will not start; (C) structural damage (or the structure of the vehicle has been altered or repaired); (D) modified or aftermarket (i.e., non‐OEM) suspension (or a suspension that requires repair); (E) TMU (“true miles (kilometers) unknown” or “not actual miles (kilometers)” or for which the true odometer reading is unknown); (F) existing damage caused by collision to three or more panels; (G) at least one exterior body panel is missing; (H) a suspected major engine, transmission or drivetrain problem (e.g., engine is knocking or vehicle will not move); (I) modified or aftermarket (i.e., non‐OEM) exhaust or emission system; or (J) for electric and hybrid vehicles only, a suspected issue with the battery that powers the propulsion of the vehicle (e.g., an abnormal charge capacity reading).
View Source
Major Issue means any Issue in which the Service is significantly impaired and unavailable from multiple ISPs (e.g., a situation where one or more of the customer’s websites are inaccessible to End Users in multiple geographies).
View Source

Related to Major Issue

  • Current Per Share Market Price of any security (a "Security" for purposes of this definition), for all computations other than those made pursuant to Section 11(a)(iii) hereof, shall mean the average of the daily closing prices per share of such Security for the thirty (30) consecutive Trading Days immediately prior to such date, and for purposes of computations made pursuant to Section 11(a)(iii) hereof, the Current Per Share Market Price of any Security on any date shall be deemed to be the average of the daily closing prices per share of such Security for the ten (10) consecutive Trading Days immediately prior to such date; provided, however, that in the event that the Current Per Share Market Price of the Security is determined during a period following the announcement by the issuer of such Security of (i) a dividend or distribution on such Security payable in shares of such Security or securities convertible into such shares or (ii) any subdivision, combination or reclassification of such Security, and prior to the expiration of the applicable thirty (30) Trading Day or ten (10) Trading Day period, after the ex-dividend date for such dividend or distribution, or the record date for such subdivision, combination or reclassification, then, and in each such case, the Current Per Share Market Price shall be appropriately adjusted to reflect the current market price per share equivalent of such Security. The closing price for each day shall be the last sale price, regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the New York Stock Exchange or, if the Security is not listed or admitted to trading on the New York Stock Exchange, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the Security is listed or admitted to trading or, if the Security is not listed or admitted to trading on any national securities exchange, the last sale price or, if such last sale price is not reported, the average of the high bid and low asked prices in the over-the-counter market, as reported by Nasdaq or such other system then in use, or, if on any such date the Security is not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a market in the Security selected by the Board of Directors of the Company. If on any such date no market maker is making a market in the Security, the fair value of such shares on such date as determined in good faith by the Board of Directors of the Company shall be used. If the Preferred Shares are not publicly traded, the Current Per Share Market Price of the Preferred Shares shall be conclusively deemed to be (x) the Current Per Share Market Price of the Common Shares as determined pursuant to this Section 1(j), as appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof, multiplied by (y) 1,000. If the Security is not publicly held or so listed or traded, Current Per Share Market Price shall mean the fair value per share as determined in good faith by the Board of Directors of the Company, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes.

  • Initial Forward Price For each Transaction, as specified in the Supplemental Confirmation for such Transaction, to be the product of (i) an amount equal to 1 minus the Forward Hedge Selling Commission Rate (as defined in the Equity Distribution Agreement) applicable to such Transaction; and (ii) the Volume-Weighted Hedge Price, subject to adjustment as set forth herein. Volume-Weighted Hedge Price: For each Transaction, as specified in the Supplemental Confirmation for such Transaction, to be the volume-weighted average of the price per share of Forward Hedge Shares (as defined in the Equity Distribution Agreement) sold by Dealer (or its agent or affiliate) on each Trading Day of the Forward Hedge Selling Period for such Transaction, as determined by the Calculation Agent; provided that, solely for the purposes of calculating the Initial Forward Price, each such sale price (other than the sale price for the last day of the relevant Forward Hedge Selling Period) shall be subject to adjustment by the Calculation Agent in the same manner as the Forward Price pursuant to the definition thereof during the period from, and including, the date one Settlement Cycle immediately following the first Trading Day of the relevant Forward Hedge Selling Period on which the Forward Hedge Shares related to such Sales Price are sold to, and including, the Effective Date of such Transaction. Daily Rate: For any day, the Overnight Bank Rate minus the Spread. Spread: For each Transaction, as specified in the Supplemental Confirmation for such Transaction. Overnight Bank Rate: For any day, the rate set forth for such day opposite the caption “Overnight bank funding rate” as displayed on the page “OBFR01 <Index> <GO>” on the BLOOMBERG Professional Service, or any successor page; provided that, if no such rate appears for such day on such page, Overnight Bank Rate for such day shall be such rate for the immediately preceding day for which such a rate appears. Forward Price Reduction Dates: For each Transaction, as specified in Schedule I to the Supplemental Confirmation for such Transaction, to be each date set forth under the heading “Forward Price Reduction Date” in the Forward Placement Notice for such Transaction.

  • Exercise Price Per Share ; hereinafter "Exercise Price" means the exercise price with respect to all Shares acquired pursuant to each exercise of the Option).

  • Price Per Share shall have the meaning attributed to such term in the Series E Certificate of Determination, as filed with the Secretary of State of the State of California.

  • Ordinary Share means a Class A Ordinary Share or a Class B Ordinary Share;