Material Claim definition

Material Claim has the meaning given to that term in Section 6.1(a).

Material Claim means any Claim (i) that seeks monetary payment or obligations having a value in excess of $50,000 or (ii) that, when aggregated with all other Claims, seeks monetary payment or obligations having a value in excess of $100,000.

Material Claim means any one or more Claims that are filed against the Applicant in accordance with the provisions of this Order by or on behalf of any one Creditor, that, in the aggregate, are in an amount greater than $5 million;

Examples of Material Claim in a sentence

• During the term of this Agreement, Broker will immediately disclose to Lender the initiation or threat of any Material Claim.

• In such circumstances, the Inspector who has been declared in conflict shall recuse themself from the consideration of such Material Claim and the Monitor must receive an affirmative vote in favour of such acceptance, revision, disallowance or settlement from the remaining two (2) members of the Inspector Group.

• To be eligible, the Participating Foreign Gel Claimant must submit (1) a Silicone Material Claim Form listing all implantations along with documentation necessary to demonstrate acceptable proof of implantation of at least one implant meeting the requirements of(e) above, (2) an affirmative statement identifying all other implantations and manufacturers of such implants; and (3) an affirmative statement that the Claimant has never been implanted with a Breast Implant or Other Product.

• In the event that the Material Claim being considered was filed by or on behalf of an Appointing Creditor of an Inspector, that Inspector shall recuse themself from the consideration of such Material Claim and the Monitor may accept, revise, disallow or settle such Material Claim (in whole or in part), provided that the Monitor has received an affirmative vote in favour of such acceptance, revision, disallowance or settlement from at least two (2) members of the Inspector Group.

• Except as set forth on Schedule 5.9, neither WERCO nor any WERCO Subsidiary is involved in or, to WERCO's Knowledge, threatened with any labor dispute, arbitration, lawsuit or administrative proceeding relating to labor matters involving the employees of WERCO or any WERCO Subsidiary (excluding routine workers' compensation claims) other than disputes, arbitrations, lawsuits and proceedings which, individually or in the aggregate, would not constitute a Material Claim.

More Definitions of Material Claim

Material Claim and “Material Claims” shall each have the meaning specified in Section 9.2(b)(iii).

Material Claim means any claim or demand by a third party as to which no lawsuit or other legal proceeding has actually been initiated, but only if such claim or demand: (i) seeks monetary payment in excess of Twenty-Five Thousand Dollars ($25,000); (ii) when aggregated with all other claims or demands (if any) within the subject matter of this Section 16, whether such other claims or demands have been resolved or are pending, would cause the total of the amounts paid by or demanded of the indemnified party to exceed One Hundred Thousand Dollars ($100,000); or (iii) would require that Buyer modify, or stop offering or providing, any product or service of Buyer, or would require Buyer to account to the third party, irrespective of whether a monetary payment is specified or the amount of any such monetary payment. The foregoing shall not apply, and there shall be no materiality required, as to any lawsuit or other legal proceeding actually commenced, including, but not limited to, a lawsuit or other legal proceeding based on a claim or demand by a third party the did not qualify as a Material Claim.

Material Claim means any Claim for an amount which represents or is reasonably likely to represent a Cost of Discharging Liabilities of more than £1,000,000.

Material Claim means any claim, event or occurrence which would result in a cost, expense, impairment or diminution in value with respect to the affected asset or the Business of WERCO and the WERCO Subsidiaries in excess of $250,000 or COGC and the COGC Subsidiaries in excess of $500,000 (after taking into consideration insurance recoveries in respect thereof); provided, however, that any actual or prospective change or changes relating to or resulting from any change or changes in the prices of Hydrocarbons, natural declines in well performance, general economic conditions or local, regional, national or international industry conditions (including, without limitation, changes in applicable laws or regulations, and changes in financial or market conditions) shall be deemed not to constitute a Material

Material Claim has the meaning set forth in Section 10.5(a)(i).

Material Claim has the meaning given in paragraph 18.3 of Schedule 5;

Material Claim means any litigation or claim which, if successful, would have a Material Adverse Effect.