Material Contractual Obligation definition

Material Contractual Obligation means, with respect to any Person, (i) each Contractual Obligation to which such Person is a party involving aggregate consideration payable to or by such Person of an amount equal to or greater than the Threshold Amount (other than purchase orders in the ordinary course of the business of such Person), and (ii) all other contracts or agreements, the loss of which could reasonably be expected to result in a Material Adverse Effect.

Material Contractual Obligation means a Contractual Obligation, the violation of which could reasonably be expected to have a Material Adverse Effect.

Material Contractual Obligation of any Person means any provision of any security issued by such Person or of any agreement, instrument or undertaking under which such Person is obligated or by which it or any of the property owned by it is bound where a failure to comply with such provision, agreement, instrument or undertaking has or would reasonably be expected to have a Materially Adverse Effect.

Examples of Material Contractual Obligation in a sentence

• Neither the Company nor any of its Subsidiaries has received notice of a default and is not in default under, or with respect to, any Material Contractual Obligation nor, to the Knowledge of the Company, does any condition exist that with notice or lapse of time or both would constitute a default thereunder.

• Neither the Company nor any of its Subsidiaries has received notice of a default or is in default under, or with respect to, any Material Contractual Obligation nor does any condition exist that with notice or lapse of time or both would constitute a default thereunder.

• No other party to any such Material Contractual Obligation is in default thereunder, nor does any condition exist that with notice or lapse of time or both would constitute a default by such other party thereunder.

• No Subsidiary is in violation of any Law or in breach of any Material Contractual Obligation, the violation of which would be reasonably likely to have a Material Adverse Effect.

• Comply with the requirements of all Laws, all Material Contractual Obligations and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law, Material Contractual Obligation or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

More Definitions of Material Contractual Obligation

Material Contractual Obligation means, each agreement or instrument to which the Parent or any Subsidiary is a party to and which is described in Section 601(b)(4) or (10) of Regulation S-K and which is required to be filed with the SEC in the Parent’s periodic filings or on Form 8-K.

Material Contractual Obligation means any agreement to which any Loan Party is a party that is of the type either referred to as a “material definitive agreement” in Form 8-K or required to be attached as an exhibit to a filing in accordance with Item 601 of Regulation S-K, as promulgated by the SEC.

Material Contractual Obligation of any Person means such Person's Contractual Obligations in respect of Indebtedness of the types described in clauses (i) and (ii) of the definition of "Indebtedness" and each other Contractual Obligation that is material to the business, prospects, operations or financial condition of such Person.

Material Contractual Obligation all Contractual Obligations (including with respect to leasehold interests of a Group Member) to the extent that failure to comply therewith could in the aggregate, reasonably be expected to have a Material Adverse Effect, and all customer contracts representing more ​ ​ ​ than 5% of the Group Members’ total revenue for the trailing twelve month period as of any date of determination.

Material Contractual Obligation means any agreement or contract to which the Borrower or any of its Subsidiaries is a party that is a Contractual Obligation, the loss of which would be reasonably likely to have a Material Adverse Effect.

Material Contractual Obligation means, with respect to Guarantor, (i) Indebtedness of such person in an amount equal to or greater than $10,000,000, and (ii) all other contracts or agreements, the termination of which could reasonably be expected to result in a material adverse effect on the business, financial condition or operations of such Guarantor.

Material Contractual Obligation has the meaning set forth in Section 3.8 of this Agreement.