Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);
Material Default means any default by the private entity in the performance of its duties that jeopardizes adequate service to the public from a qualifying project.
Examples of Material Default in a sentence
The appointment of any successor Agent shall be subject to the prior written consent of the Borrower (which consent shall not be unreasonably withheld or delayed); provided that the consent of the Borrower to any such appointment shall not be required if (i) a Material Default or Event of Default shall have occurred and is continuing (other than with respect to a MS Competitor) or (ii) if such successor agent is a Lender or an Affiliate of such Agent or any Lender.
More Definitions of Material Default
Material Default means any breach of a fundamental or essential term or repeated breaches of any of the terms of the agreements, as referred to in section 3.4(e);
Material Default means any breach of these terms and conditions or of the Contract by the Contractor which the Authority considers to be sufficiently material as to justify termination of all or part of the Contract. A breach of any of the following of these terms and conditions by the Contractor shall be a Material Default: clause 2.1 (contractor’s warranties), clause 3.2 (contractor’s personnel), clause 7.6.3 (security of electronic data) clause 8.2 (confidentiality) clause 15 (contractor’s insurance requirements); clause 16.1 (prevention of corruption) clause 17 (official secrets), clause 19 (non discrimination and equality) and clause 22 (health and safety);
Material Default means any default by the operator in the performance of its duties under
Material Default means any default by the private entity in the performance of its duties under subsection E of § 56-575.8 that jeopardizes adequate service to the public from a qualifying project.
Material Default means any breach of Clause 5.17 (Statutory Requirements), Clause 6 (Non-Discrimination), Clause 7 (Provision of Management Information), Clause 7.5 (Management Charge), Clause 7.12 (Records and Audit Access), Clause 7.41 (Data Protection) and Clause 7.45 (Freedom of Information);
Material Default means any continuing Default as to which a written notice of such Default (which notice has not been rescinded) shall have been received by the Borrower, the General Partner or the REIT from the Administrative Agent or any Lender, or any continuing Event of Default.
Material Default means, with respect to a Receivable: