Material Compliance definition

Material Compliance means to comply with any essential element(s) proscribed or directed by any statute, regulation, procedure, and/or standard pertaining to this Contract.

Material Compliance means that the tenant is question is not more than thirty (30) days in arrears in the payment of rent due under its lease and/or the tenant in question has not filed for bankruptcy protection under applicable law.

Material Compliance means that the tenant in question is not more than thirty (30) days in arrears in the payment of rent due under its lease and/or the tenant in question has not filed for bankruptcy protection under applicable law.

Examples of Material Compliance in a sentence

• The Sub-Advisor shall cooperate fully with the Trust CCO so as to facilitate the Trust CCO’s performance of the Trust CCO’s responsibilities under Rule 38a-1 to review, evaluate and report to the Trust’s Board of Trustees on the operation of the Sub-Advisor Compliance Procedures, and shall promptly report to the Trust CCO any Material Compliance Matter arising under the Sub-Advisor Compliance Procedures involving the Sub-Advisor Assets.

• The Sub-Advisor shall provide to the Trust CCO: (i) quarterly reports confirming the Sub-Advisor’s compliance with the Sub-Advisor Compliance Procedures in managing the Sub-Advisor Assets, and (ii) certifications that there were no Material Compliance Matters involving the Sub-Advisor that arose under the Sub-Advisor Compliance Procedures that affected the Sub-Advisor Assets.

• The Sub-Adviser shall cooperate fully with the Trust CCO so as to facilitate the Trust CCO’s performance of the Trust CCO’s responsibilities under Rule 38a-1 to review, evaluate and report to the Trust’s Board on the operation of the Sub-Adviser Compliance Procedures, and shall promptly report to the Trust CCO any Material Compliance Matter arising under the Sub-Adviser Compliance Procedures involving the Portfolio or Segment.

• The Sub-Adviser shall provide to the Trust CCO: (i) quarterly reports confirming the Sub-Adviser’s compliance with the Sub-Adviser Compliance Procedures in managing the Portfolio or Segment, and (ii) certifications that there were no Material Compliance Matters involving the Sub-Adviser that arose under the Sub-Adviser Compliance Procedures that affected the Portfolio or Segment.

• It will provide the Trust with an annual report of each Material Compliance Matter (as defined under the rules related to the 0000 Xxx) that occurred since the date of the last report.

More Definitions of Material Compliance

Material Compliance with the Ethernet or Fast Ethernet standard interface means that the Com21 Headend or Com21 Modem, as the case may be, can properly pass data with equipment that complies with such standard interface. In all instances "Compatibility" will also include compliance with the specifications entitled "The Com21 Community Protocol for HFC Networks version 1.04.05 dated January 28, 1997", as well as any other specifications mutually agreed to by the parties from time to time. Furthermore, with respect to the interoperability of the Com21 Headend Product with the 3Com Product, Compatibility shall mean the criteria used by Company (in Company's sole discretion) to determine whether the initial generation of the Com21 Modem Product properly interoperates with the initial generation of the Com21 Headend Product (including but not limited to functionality and performance criteria).

Material Compliance means compliance which is not reasonably likely to produce any material adverse change in or effect on the operations, properties or condition (financial or otherwise), assets or liabilities of the Company and which would not result in civil or criminal liability to the Buyer, the Company or any individual.

Material Compliance means a level of compliance that would keep Mortgage Borrower (and the operation of the Facility) free from any proceedings or sanctions by any Governmental Authority having jurisdiction over the operation of the Facility and that would not be reasonably be expected to have a material adverse effect on Mortgage Borrower's operations, including, but not limited to, its right to receive reimbursement or insurance payments with no opportunity to contest or correct;

Material Compliance means, as of any date of determination, (a) in relation to the Ramp Schedule, all items referenced in the Ramp Schedule have been performed or completed and attained in such a manner that there is no reasonable likelihood that Phase II Partial Completion will not be achieved by the relevant Date Certain; and (b) in relation to the Ramp and Capital Costs Budget, the aggregate costs of the Phase II Project as of such date do not exceed the aggregate costs provided for in the original Ramp and Capital Costs Budget delivered in accordance with Section 6.01(g) for such stage of the work, or if not, such cost overruns (together with any cost savings) as at such date, in the reasonable opinion of the Borrower will not result in aggregate costs of the Phase II Project exceeding one hundred ten percent (110%) of total Project Costs as set forth in such original Ramp and Capital Costs Budget.

Material Compliance means, as the context shall require, the degree of compliance by a Person, the absence of which could have, constitute, or lead to, a Material Adverse Change in respect of such Person.

Material Compliance by the Stockholder Group shall mean that the Stockholder Group, and each member thereof, is in material compliance with its respective obligations and commitments under this Agreement; provided that (a) in the event that the Company determines that the Stockholder Group, or any member thereof, is in default of any of its respective obligations and commitments set forth in this Agreement, the Company shall promptly provide written notice (which may be in the form of facsimile or email transmission) of such default to the Stockholder, and (b) in the event that the Stockholder Group, or any member thereof, determines that it is in default of any of its respective obligations and commitments set forth in this Agreement, the Stockholder shall promptly provide written notice (which may be in the form of facsimile or email transmission) of such default to the Company; and provided, further that, except in the case of a default of the Stockholder’s and/or the Stockholder Group’s obligations and commitments under Article 3 or Article 4 hereof (for which no cure period will apply), the Stockholder Group, or the applicable member thereof, shall have thirty (30) days following the earlier of the Stockholder’s receipt of written notice pursuant to clause (a) or the Company’s receipt of written notice pursuant to clause (b) to cure such default, in which case the Stockholder Group shall be deemed, during such thirty (30)-day period, to be in “Material Compliance” hereunder.

Material Compliance and "Comply, Complied, Complied with in All Material Respects" or "Compliance in All Material Respects" means general compliance with applicable Governmental Approvals, Governmental Rules or Permits, as the case may be, and for which any noncompliance is not significant and in any event does not result in a Material Adverse Effect.