Material Discrepancy definition

Material Discrepancy means, with respect to Royalties, the greater of 5% or $10,000 when compared to the amount that was reported during the period subject to audit; and/or with respect to other terms of this Agreement, material non-compliance with any other material terms.

Material Discrepancy means either (i) a material breach of the Agreement; or (ii) amounts revealed to be owed by Company to Microsoft with respect to a Channel Authorization in excess of the specific percentage or fee amount threshold set forth in that Channel Authorization.

Material Discrepancy means factual errors that could significantly alter the status or identity of a beneficial owner but this does not include typing mistakes or spelling errors;

Examples of Material Discrepancy in a sentence

• Such audit shall be conducted at Buyer's sole cost and expense unless a negative Material Discrepancy is identified by the Auditor, in such case Supplier shall pay for the cost and expense of the audit.

• Audits will not be performed more than once every 12 months, unless an audit discloses a Material Discrepancy, in which case follow-up audits may be conducted until the Material Discrepancy has been resolved.

• We also ran our calculations for a 1.5 times lower column density using 7.5 1013 cm–2, which resulted in a temperature of 18 K and is1.7 times higher than what we obtained in our analysis.

• Licensee will promptly pay the costs of any audit(s) that reveal a Material Discrepancy; otherwise, Microsoft will be responsible for the costs.

• Except as otherwise provided in the Agreement, unless a prior audit has revealed a Material Discrepancy or Company’s non- compliance with the section entitled “Business Integrity Principles” set forth in the Core Terms, or Microsoft has credible and reliable evidence of Company’s non-compliance with the section entitled “Business Integrity Principles” set forth in the Core Terms, Microsoft will not audit Company more than one time per calendar year under this section.

More Definitions of Material Discrepancy

Material Discrepancy has the meaning given it in Section 9.2.

Material Discrepancy means a material discrepancy as calculated under Section 43 or 44;

Material Discrepancy means where, for any period of reporting of Program Costs by TMS, the amount of Program Costs stated by TMS are overstated by an amount greater than five thousand dollars ($5,000) for any quarter; twenty thousand dollars ($20,000) for any one calendar year; or fifty thousand dollars ($50,000) for all fiscal years preceding the time of determining the amount of overstatement.

Material Discrepancy. As defined in Section 11.3(c).

Material Discrepancy means, with respect to Royalties, the greater of five percent (5%) or Fifty Thousand United States Dollars (US$50,000) when compared to the amount that was reported during the period subject to such audit, and/or with respect to other terms of this Agreement, material non-compliance with any terms. If any audit reveals non-compliance with the terms of this Agreement, the Disclosing Party will take all commercially reasonable steps to correct that non-compliance and advise the Receiving Party of such steps as soon as practicable. The foregoing is in addition to any other remedies that may be available to the Receiving Party.

Material Discrepancy means a discrepancy of ten percent (10%) or more when compared to the amount that was reported during the period subject to audit.

Material Discrepancy means factual errors that couldsignificantly alter the status or identity of a beneficial o w ner b u t t h i s does not include typing mistakesor spelling errors;