Material Breach Event definition

Material Breach Event means the Holders breach of the Non-Interference Agreement (as defined below).

Material Breach Event means either: (a)

Material Breach Event means any of the following events: (i) the Management Shareholders’ material breach of the provisions under any of the Transaction Documents and VIE Documents; (ii) the Management Shareholders’ violation of the non-competition and non-solicitation provisions set forth in Section 6.02 of Shareholders Agreement; (iii) the Management Shareholders’ failure to comply with the corporate governance provisions set forth in Article 2 of Shareholders Agreement; (iv) failure by the Group Companies to obtain or renew the Consents that are necessary for the conduction of business operations by the Group Companies; (v) the Principal being held criminally liable for any reason and such event has materially and adversely affected the Group Companies’ business operations; or (vi) the occurrence of any Qualified IPO Rejection Event.

Examples of Material Breach Event in a sentence

• The rights of the Chair under the Power of Attorney shall include, but not be limited to, voting at General Meetings (in relation to the matters that are regulated in this Agreement), including signing written shareholder resolutions and signing transfer documents or other documents as are relevant for the purposes of Clauses 10 (Right of First Offer), 11 (Drag-Along Right), 12 (IPO), 15 (Pledge), 16 (Material Breach Event) and 17 (Completion of Share Transfers).

• If the Defaulting Shareholder fails to serve a Notice of Material Breach Event on the Investor Shareholders, it shall be deemed to have done so on the date on which the Investor Shareholders served notice on the Recipient in respect of the Material Breach Event.

• If a Recipient so terminates this Agreement, such termination shall be deemed to constitute a “Material Breach Event” (and the Material Breach Event shall be deemed to have occurred on the date of the notice), and the procedures of Clause 16 (Material Breach Event) shall apply.

• The Bank shall give the Customer written notice of the rate of the additional interest within 30 days of the day on which the Bank learns of an event specified in Sections 24.5.1 to 24.5.2 below and/or the Material Breach Event (as applicable).

• The Bankruptcy Court’s determination shall be limited to this factual inquiry only, and if the Bankruptcy Court does determine that as a factual matter a Material Event of Default has occurred and is continuing, then a Material Breach Event of Default shall be deemed to be in existence.

More Definitions of Material Breach Event

Material Breach Event has the meaning given in Clause 16.1;

Material Breach Event means Slaine’s material breach of the Non-Interference Agreement.

Material Breach Event shall have the meaning specified in Section 23.2(f).

Material Breach Event means any of the following: (a) any fraud of any of the Company, the HK Company, the WFOE, the Domestic Company, the Principals, the Principal Holding Companies or other members of the management in any aspects (including but not limited to management and operation, audit and financial accounting, acquirement and maintaining of approval and permit), or any material breach of the applicable Transaction Documents by any of the Company, the HK Company, the WFOE, the Domestic Company, the Principal Holding Companies or the Principals, for purpose of this definition “Material Breach Event”, with respect to the Series A-1 Investor, the Transaction Documents shall also include Onshore JV Contract and WP Onshore Subscription Agreement (as defined in the Existing Purchase Agreement), with respect to the Series A-3 Investor, the Transaction Documents shall also include Onshore JV Contract and PV Onshore Subscription Agreement (as defined in the Existing Purchase Agreement), with respect to Taikang, the Transaction Documents shall also include Onshore JV Contract and TK Onshore Subscription Agreement, with respect to Tencent, Links Advance, Cinda, Taihe and Weijinke, the Transaction Documents shall also include Onshore JV Contract and Series B Onshore Subscription Agreement (as defined in the Existing Purchase Agreement), with respect to Boyu and Haitong, the Transaction Documents shall also include Onshore JV Contract and Onshore Transfer Agreement, (b) the termination by any Principal of his employment relationship with the Company and/or the Group Companies, or the material breach by any Principal of the employment contract, intellectual property ownership and confidentiality agreement and non-compete agreement entered into by him, (c) the failure to obtain, renew, or the revocation of, approvals, registrations, permits, licenses, qualifications and any similar permissions that are essential to the Business of the Group Companies; and (d) any change made by any Principal to the shareholding structure of any Group Companies without the approval of each Major Investor that is not generally acceptable in the international market.

Material Breach Event means the failure by either Cedent to comply with its obligations under this Section 23.2, including but not limited to the failure to use best efforts in good faith to file and obtain an Obligatory Premium Rate Increase for any reason; provided however, that a Material Breach Event shall not include the failure to obtain an Obligatory Premium Rate Increase as a result of a Regulatory Risk Event, or as a result of and during the pendency of (and for a reasonable period after termination of) any bona fide dispute being arbitrated pursuant to the terms of this Article XXIII or Article XX.

Material Breach Event means the Executive’s material breach of the Non-Interference Agreement (as defined in the Employment Agreement).

Material Breach Event shall have the meaning given to it in paragraph (4) of Article 18 -