Material Disagreement definition

Material Disagreement has the meaning provided in Section 9(b).
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Material Disagreement shall have the meaning given such term in Section 36(a) hereof.
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Material Disagreement means a matter pertaining to the one or more of the matters described below, that comes to a vote at a meeting of the Shareholders or a meeting of the advisory board for decision, and is decided by the Buyer's exercise of its casting vote (the date of Buyer's exercise of its casting vote shall be the "Date of the Material Disagreement"): This option may only be exercised within 60 days after the Date of the Material Disagreement: - the pursuit by an Atronic Company of business opportunities in a geographical territory in which such Atronic Company did not do business before; - the pursuit by an Atronic Company of business opportunities outside the scope of gaming systems, gaming solutions, gaming machines; - the determination, increase or decrease of an Atronic Company's budget for research and development; - the determination, amendment or revision of an Atronic Company's annual and/or three-year plan; and/or - other matters that, if acted upon, would have the effect of obligating the Shareholders to increase their loans and/or capital contributions to a Parent Company.
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Examples of Material Disagreement in a sentence

  • The Servicer’s determination of “yes” Holders and “no” Holders shall be sent to each Holder and shall be utilized for determining whether any Holder in the group has the requisite percentage of Holders necessary to exercise its right to declare a Material Disagreement in accordance with Section 9(b) below.

  • In the event a Material Disagreement that is subject to a Buy-Sell Notice is resolved prior to delivery by any Notice Holders of a response thereto, such Buy-Sell Notice shall be deemed terminated and of no further force and effect.

  • All shares subject to accelerated vesting under this Section 14 shall vest fully and become subject to immediate exercise as of the date of the Notice of Material Disagreement.

  • If within such 45 day period the Shareholders are unable to sign a memorandum settling the Material Disagreement, the Demerger procedures provided in Section 3.2 below shall promptly ensue.

  • Within 10 days of the designation of the Final Arbitrator, each Member shall submit to the Final Arbitrator a detailed proposal for a final determination of the Material Disagreement.

  • While a company may contractually prohibit a third-party carrier from subcontracting its work, it still happens.

  • The Servicer’s determination of “yes” Holders and “no” Holders shall be sent to each Holder and shall be utilized for determining whether any Holder in the group has the requisite percentage of Holders necessary to exercise its right to declare a Material Disagreement in accordance with Section 8(b) below.

  • Such Material Disagreement shall be submitted to binding arbitration in New York, New York, administered by the American Arbitration Association (the “AAA”) in accordance with AAA’s commercial arbitration rules pursuant to the expedited procedures provisions thereof (to the extent not inconsistent with the procedures set forth below).

  • The parties agree and acknowledge that Executive and the Board and/or CEO may not be able to agree as to the proper course or direction of Employer's business ("Material Disagreement").

  • In the event of any Material Disagreement, either Member may deliver a Notification to other Member specifying in reasonable detail, the basis for the Material Disagreement and requesting that such matter be submitted for arbitration.


More Definitions of Material Disagreement

Material Disagreement has the meaning provided in Section 7(a).
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Material Disagreement means a material irreconcilable dispute among the Members regarding the management, operations or strategic direction of the Company and/or its Subsidiaries that continues to be in effect for a period of not less than thirty (30) calendar days.
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Related to Material Disagreement

  • Disagreement Notice has the meaning set forth in Section 2.2.3.1(b).

  • Disagreement means a difference of opinion between personnel of a reporting issuer responsible for finalizing the reporting issuer’s financial statements and the personnel of a predecessor auditor responsible for authorizing the issuance of audit reports on the reporting issuer’s financial statements or authorizing the communication of the results of the auditor’s review of the reporting issuer’s interim financial report, if the difference of opinion

  • Notice of Disagreement has the meaning set forth in Section 2.4(c).

  • Dispute Notice means a written notice served by one Party on the other stating that the Party serving the notice believes that there is a Dispute;

  • industrial dispute means any dispute or difference between employers and employers, or between employers and workmen, or between workmen and workmen, which is connected with the employment or non-employment or the terms of employment or with the conditions of labour, of any person;

  • Material Defect As defined in Section 2.02(c) hereof.

  • Material Objection Notice has the meaning set forth in Section 4.2 of this Agreement.

  • Material Compliance Matter has the same meaning as the term defined in Rule 38a-1, and includes any compliance matter that involves: (1) a violation of the federal securities laws by Distributor (or its officers, directors, employees, or agents); (2) a violation of Distributor's Rule 38a-1 policies and procedures; or (3) a weakness in the design or implementation of Distributor's Rule 38a-1 policies and procedures.

  • Material Document Defect As defined in Section 2.03(a) of this Agreement.

  • Developmental disability means that condition defined in RCW 71A.10.020(5);

  • Determination Notice is defined in Section 6.1(b)(i) of the Agreement.

  • Independent Auditor has the meaning specified in Section 6.01(a).

  • Independent Auditors has the meaning set forth in Section 3.2.

  • Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.

  • Labor dispute as used here, means a strike, lockout, or other labor dispute between the Employer and its Employees, during which time the Employee is not paid by the Employer.

  • material hoist means a hoist used to lower or raise material and equipment, excluding passengers; "medical certificate of fitness" means a certificate contemplated in regulation 7(8);

  • Developmental disabilities professional means a person who

  • Material Contact means contact in person, by telephone, or by paper or electronic correspondence, or the supervision of those who have such conduct, and which is done in furtherance of the business interests of the company and within the last 36 months.

  • Dispute means any dispute, controversy, claim or difference of whatever nature arising out of, relating to, or having any connection with this Agreement, including a dispute regarding the existence, formation, validity, interpretation, performance or termination of this Agreement or the consequences of its nullity and also including any dispute relating to any non-contractual rights or obligations arising out of, relating to, or having any connection with this Agreement.

  • Material Deviation refers to any contents or characteristics of the proposal that is significantly different from an essential aspect or requirement of the RFP, and : (i) substantially alters the scope and quality of the requirements; (ii) limits the rights of UNDP and/or the obligations of the offeror; and (iii) adversely impacts the fairness and principles of the procurement process, such as those that compromise the competitive position of other offerors.

  • Person with a developmental disability means a person

  • specific learning disabilities means a heterogeneous group of conditions wherein there is a deficit in processing language, spoken or written, that may manifest itself as a difficulty to comprehend, speak, read, write, spell, or to do mathematical calculations and includes such conditions as perceptual disabilities, dyslexia, dysgraphia, dyscalculia, dyspraxia and developmental aphasia;

  • Dispute Period shall have the meaning specified in Section 9.3(a).

  • Material Related Party Transaction means a transaction with a related party if the transaction / transactions to be entered into individually or taken together with previous transactions during a financial year, exceeds ten percent of the annual consolidated turnover of the company as per the last audited financial statements of the company.

  • Formal Dispute means a written objection by an Interested Party to any of the following: i. A solicitation or other request by OGS for offers for a contract for the procurement of commodities, services or technology. ii. The cancellation of the solicitation or other request by OGS. iii. An award or proposed award of the Contract by OGS. iv. A termination or cancellation of an award of the Contract by OGS. v. Changes in the scope of the Centralized Contract by the Commissioner. vi. Determination of “materiality” in an instance of nonperformance or contractual breach. vii. An equitable adjustment in the Centralized Contract terms and/or pricing made by the Commissioner during a Force Majeure event.

  • material relationship means one actually known of a personal, familial or business nature between the Broker and affiliated licensees and a client which would impair their ability to exercise fair judgment relative to another client.