Material Condition definition

Material Condition means any condition which is of specific relevance to the activity covered by the authorisation.

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Material Condition means, with respect to any Government Approval, a condition or requirement that, individually or when aggregated with other conditions or requirements, would reduce materially the benefits which Seller or Purchaser, as applicable, could reasonably have expected to derive from consummation of the transaction contemplated by this Agreement and which could not reasonably have been anticipated by the party adversely affected.

Material Condition applicable to Seller or Purchaser shall mean with respect to any Regulatory Approval obtained by either Seller or Purchaser, a condition or requirement, which does not relate to or arise from the Community Reinvestment Act (or any amendment, modification or successor thereto or similar federal or state statute thereto) or compliance therewith or performance of its obligations thereunder, included in such Regulatory Approval that, individually or in the aggregate, would (i) result in a material adverse effect on either Seller or Purchaser, as applicable, or (ii) reduce the benefits to Seller or Purchaser, as applicable, of the transactions contemplated by the Agreement in so material a manner that it would not have entered into this Agreement had such condition or requirement been known as of the date hereof.

Examples of Material Condition in a sentence

• The Company shall not be required to disclose to the Holders which of the reasons specified in (i), (ii) or (iii) above is the basis for requiring a suspension of sales due to the occurrence of a Material Condition.

• New Material (Condition "A") New Material transferred from CONTRACTOR's or CONTRACTOR's Affiliated Companies warehouse or other properties shall be priced at cost, provided that the cost of material supplied is not higher than international prices for material of similar quality supplied on similar terms, prevailing at the time such material was supplied.

• If the approval of the Competition Office contains Material Condition(s), the Parties shall promptly discuss the possibility of meeting the Material Condition, and in any event the Purchaser shall notify the Vendors within 8 Business Days following the receipt by the Purchaser of approval of the Competition Office the Vendors in writing whether or not it accepts the Material Condition(s).

• New Material (Condition "A") : New Material transferred from CONTRACTOR's or CONTRACTOR's Affiliated Companies warehouse or other properties shall be priced at cost, provided that the cost of material supplied is not higher than international prices for material of similar quality supplied on similar terms, prevailing at the time such material was supplied.

• New Material (Condition A) At Operator’s election, to be made one time for the duration of this Agreement, Operator will consistently price new Material using either (1) the current replacement cost, in effect at date of movement, as provided by a reliable supply store nearest the Joint Property, or point of manufacture, or (2) Operator’s average cost of all identical material, in effect for the month at the time of movement, plus transportation costs, if applicable.

More Definitions of Material Condition

Material Condition means a condition precedent or condition subsequent or obligation established by the Competition Office in accordance with Section 30 (3) of the Act LVII of 1996 on unfair market practices and the prohibition of market restrictions, established by the Competition Office, which if complied with by the Purchaser would have an obvious material adverse effect on the combined operations of the Company and Euroweb Internet Szolgáltató Részvénytársaság (registered seat: ▇-▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, Városmajor u. 13.; registration number: Cg. 01-10-043569), e.g. which requires the Purchaser to sell certain assets or shareholding interests in companies or terminate important supply or customer contracts in connection with the transaction contemplated by this Agreement.

Material Condition has the meaning set forth in Section 5(d) hereof.

Material Condition applicable to any party hereto shall mean with respect to any Regulatory Approval obtained by any party, a condition or requirement, which, for all parties other than Seller or its Affiliates, does not relate to or arise from the Community Reinvestment Act (or any amendment, modification or successor thereto or similar federal or state statute thereto) or compliance therewith or performance of its obligations thereunder, included in such Regulatory Approval that, individually or in the aggregate, would (i) result in a material adverse effect on the party or its Affiliates, or (ii) reduce the benefits to the party or its Affiliates of the transactions contemplated by the Agreement in so material a manner that it would not have entered into this Agreement had such condition or requirement been known as of the date hereof. For Seller and Target, it is understood that a Material Condition will apply only to the acquisition of Target and not to any operational benefit or specific powers sought by Seller from regulatory agencies other than operational benefits enjoyed by Target, or specific powers held by Target, in each case, as of the date hereof.

Material Condition shall have the meaning set forth in Section 8.4. -----------

Material Condition means a condition precedent or condition subsequent or obligation established by the Competition Office in accordance with Section 30 (3) of the Act LVII of 1996 on unfair market practices and the prohibition of market restrictions, established by the Competition Office, which if complied with by the Purchasers would have an obvious material adverse effect on the operation of each or the combined operations of the Company and the Purchasers, e.g. which requires the Purchasers to sell certain assets or shareholding interests in companies or terminate important supply or customer contracts in connection with the transaction contemplated by this Agreement.

Material Condition. Essentially means any condition of the Occupancy Agreement.

Material Condition has the meaning set forth in Section 10.5.