Material Change in Circumstance definition

Material Change in Circumstance means the occurrence of any event (other than those events specified as Disruption Events) in the Alternate Currency Jurisdiction beyond the control of the parties to a hedging arrangement in respect of the FXLSIs which makes it impossible for a party to generally fulfil its obligations (or similar obligations) under the hedging arrangements applicable to the relevant FXLSIs.
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Material Change in Circumstance means the occurrence of any event (other than those events specified as SER Disruption Events) in the SER Subject Currency Jurisdiction beyond the control of the parties to a hedging arrangement in respect of the Warrants which makes it impossible (A) for a party to fulfil its obligations under the hedging arrangement or (B) generally to fulfil obligations similar to such party’s obligations under that hedging arrangement.
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Material Change in Circumstance means a change in circumstance that undermines the value of one of the Long-Term Protection Measures under Section IV.A. of the SG Plan, including but not limited to the examples described in Part II of Attachment A.
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Examples of Material Change in Circumstance in a sentence

  • Disruption Events [Price Source Disruption][Illiquidity Disruption] [Dual Exchange Rate] [General Inconvertibility][General Non-Transferability] [Material Change in Circumstance] [Nationalisation][Price Materiality, where:Price Materiality Percentage: [ specify][3] per cent.

  • Whilst the VOA has recently confirmed that discussion have been suspended to gather further evidence, the eventual result of these discussions is expected to be a temporary Material Change in Circumstance (MCC) reduction which could apply to almost every property sector including offices, retail, airports, stadiums, car parks and factories.

  • If the GC determines by unanimous consent that a Material Change in Circumstance exists, it will then decide how to address the material change.

  • Any member of the GC may assert a Material Change in Circumstance, as defined in the Definitions Section, in the implementation of one of the Long-Term Protection Measures by submitting a written request for the GC to convene a meeting (or add an agenda item to a previously set meeting) pursuant to the procedures in Section IV.C. of the Plan.

  • Other examples of a Material Change in Circumstance would be an abandonment, material reduction, or material change in the manner of operation of the Cameo group of water rights.

  • Therefore, it seems likely that further business rates reliefs will be announced in the budget on 03 March 2021.• Material Change in Circumstance – There have been reports in the press and some indication from the Valuation Office Agency (VOA) that consideration is being given to reductions in rateable values across a wide variety of sectors in response to the effects of the Covid-19 pandemic.

  • It would also impinge on academic freedom by interfering with each department’s right to establish degree requirements, determine eligibility for financial aid, evaluate students, and determine program curriculum.C. No Material Change in Circumstance Justifies Changing Settled Law.

  • Without changes in underlying economic conditions we do not see how the CAA can declare that there has been a Material Change in Circumstance (MCC) at either Heathrow or Gatwick, as it is the underlying economic conditions that drive the market position of the airports.

  • Whilst the VOA has recently confirmed that discussions have been suspended to gather further evidence, the eventual result of these discussions is expected to be a temporary Material Change in Circumstance (MCC) reduction which could apply to almost every property sector including offices, retail, airports, stadiums, car parks and factories.

  • The timing of any Market Power Assessment The airlines are concerned at any suggestion that a Market Power Assessment can be carried out ahead of a Material Change in Circumstance.


More Definitions of Material Change in Circumstance

Material Change in Circumstance means that any event (other than any other Disruption Event or an Event of Default) has occurred and/or is in existence which is beyond the control of the Issuer or the Calculation Agent, with respect to a Reference Currency, that:
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Material Change in Circumstance means the occurrence of any event which would make it impossible or not reasonably practicable, for a market counterparty to enter into or maintain or fulfil its obligations under any relevant Option, Futures or any other contract relating to the Underlying Index on any Related Exchange or any other relevant trading market, as determined by the Index Administrator.
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Material Change in Circumstance means the occurrence of any event (other than those events specified as Market Disruption Events in the applicable Final Terms) in the Event Currency Jurisdiction beyond the control of the Issuer which makes it impossible (A) for the Issuer to fulfil its obligations under the Notes, and (B) generally to fulfil obligations similar to the Issuer’s obligations under the Notes.
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Material Change in Circumstance means the occurrence of any event not specified in sub- paragraphs (i) to (xii) (inclusive) above in the Event Currency Jurisdiction beyond the control of the parties to a Hedging Transaction which makes it impossible (A) for a party to fulfil its obligations under that Hedging Transaction and (B) generally to fulfil obligations similar to such party’s obligations under that Hedging Transaction. Whether or not the applicable Final Terms do specify any Disruption Events as being applicable, “Price Source Disruption” shall automatically be deemed to have been specified as applicable. If “General Inconvertibility/Non-Transferability” is specified in the applicable Final Terms as a Disruption Event, then the Disruption Events in sub-paragraphs (ii) and (iii) above will be applicable. If “Party Specific Events” is specified in the applicable Final Terms as a Disruption Event, then the Disruption Events in sub-paragraphs (x) and (xi) above will be applicable.
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Material Change in Circumstance means the occurrence of any event (other than those events specified as Disruption Events in this Section 5.1(d)) in the Event Currency Jurisdiction beyond the control of the parties to a Transaction which makes it impossible
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Material Change in Circumstance means the occurrence of any event (other than those events specified as Disruption Events in this paragraph) in a Relevant Currency Jurisdiction beyond the control of any Counterparty which makes it impossible (A) for a the Issuer to fulfil its obligations under the relevant series of Securities and (B) generally to fulfil obligations relating to the Issuer's obligations under such Securities (including any related obligations of any Counterparty).
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Related to Material Change in Circumstance

  • Change in Circumstance means any significant change to you, including but not limited to:

  • Unforeseen Circumstances under the Federal Permit means changes in circumstances affecting a Covered Species or geographic area covered by the HCP/NCCP that could not reasonably have been anticipated by the Plan developers and USFWS at the time of the Plan’s negotiation and development, and that result in a substantial and adverse change in the status of a Covered Species. “Unforeseen Circumstances” under the State Permit means changes affecting one or more species, habitat, natural community, or the geographic area covered by the Plan that could not reasonably have been anticipated at the time of Plan development, and that result in a substantial adverse change in the status of one or more Covered Species.

  • Exigent Circumstance means a Covered Person either has a Condition that may seriously jeopardize his or her life, health, or ability to regain maximum function or is undergoing a current course of treatment using a non-Formulary medication. The request for an expedited review should include the following support:

  • Material Change in Formula means the occurrence since the Launch Date of a material change in the formula for, or the method of, calculating the Reference Price.

  • Special Circumstances means either or both of the following:

  • Exigent Circumstances means circumstances where collection or disclosure is urgently necessary, such that procedures that would otherwise be required cannot be followed.

  • Extraordinary Circumstances means floods, snow, ice storms, tornadoes, earthquakes, or other

  • Material Change in Content means the occurrence since the Launch Date of a material change in the content, composition or constitution of the Futures Contract or the Commodity.

  • Exceptional Circumstances means disclosure:

  • Circumstance means an incident, fact, occurrence, matter, act or omission that may give rise to a Claim in the context of civil liability;

  • Material Change means a change that an average, careful investor would want to know about before making an investment decision. If a material change occurs afler you make an investment commitment but before the ORering closes, then the Company will notify you and ask whether you want to invest anyway. If you do not affirmatively choose to invest, then your commitment will be cancelled, your funds will be returned to you, and you will not receive any securities.

  • Aggravated circumstances means circumstances in which a parent:

  • Change in Use means altering the purpose of an existing room, within the facility, that requires structural changes.

  • Reasonable in the circumstances means using no more force than is needed.

  • Relevant Potential Change of Control Announcement means any public announcement or statement by the Issuer, any actual or potential bidder or any adviser acting on behalf of any actual or potential bidder relating to any potential Change of Control where within 180 days following the date of such announcement or statement, a Change of Control occurs.

  • Change in Management will occur if more than 50% of the Leadership Team is terminated and/or resigns within 12 months after the date of the occurrence of a Change of Control; provided, in each case, that termination and/or resignation of such officer will not include (i) a change in such officer’s status in the ordinary course of succession so long as such officer remains affiliated with the Manager or its Subsidiaries as an officer or director, or in a similar capacity, (ii) retirement of any officer or (iii) death or incapacitation of any officer.

  • Uncontrollable Circumstance means any act, event or condition that is:

  • Change in Tax Law means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

  • Extenuating Circumstances means the inability to perform at an optimum level arising from one or more of the reasons set out in clause 6.1.

  • Disciplinary change in placement means a suspension or removal from a student’s current educational placement that is either: