Material Disruption definition

Material Disruption shall have the meaning assigned to such term in the definition of “Qualifying Act of Terrorism.”
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Material Disruption has the meaning provided in Section 8.4.
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Material Disruption as used in this Section 8.4 shall mean a failure of TCS to meet the Service Levels and other applicable performance standards under this Agreement or otherwise fulfill its obligations under this Agreement that causes Xxxxxxx’x failure to meet its contractual obligations to Xxxxxxx clients. Notwithstanding the foregoing, TCS obligations under this provision shall not apply to a Material Disruption caused by any exceptions described in Section 8.7 or due to reasons primarily attributable to Xxxxxxx or to Xxxxxxx Agents. In the event of a disagreement between the Parties as to the primary cause of the Material Disruption, TCS shall, at Xxxxxxx’x request, proceed with best efforts for rework or restoration of the Services as required by this Section 8.4, pending resolution of such disagreement between the Parties. Any such amounts payable by Xxxxxxx pursuant to this Section 8.4 shall count toward the MCA.
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Examples of Material Disruption in a sentence

  • If there is a Material Disruption, LMAX may amend any Rule with immediate effect.

  • However, like location-based caching, it is pertinent that this distance should be chosen carefully to avoid downloading too much data, which might not be relevant enough to users.

  • Where there is a Material Disruption or when LMAX otherwise believes it is in the best interests of LMAX Services and LMAX Matching Facilities to do so, LMAX may, without notice, terminate, Suspend or change the username and/or password of any Authorised Person.

  • If there is no Material Disruption, but the amendment is a Material Amendment, then LMAX must (i) consult Members on the proposed amendment; and (ii) give Members a minimum period of 10 Business Days to comment on the proposed amendment.

  • If there is no Material Disruption, but the amendment to the Rule or LMAX Contract is a Material Amendment, then LMAX must (i) consult Members on the proposed amendment; and (ii) give Members a minimum period of ten (10) Business Days to comment on the proposed amendment.

  • Meshing elements for the workpiece and cutting tool Material Disruption of the finite element mesh is necessary for modelling chip formation, therefore besides the material model, the Johnson-Cook damage model was also applied in finite element simulation.

  • Intentionally or recklessly engaging in conduct or inciting others to engage in conduct that creates or results in a Material Disruption.

  • Members agree and acknowledge that it may not be possible to publish advance notice of Rule amendments made in the event of any Material Disruption.

  • Where there is a Material Disruption or when LMAX otherwise believes it is in the best interests of the LMAX Exchange to do so, LMAX may, without notice, terminate, Suspend or change the username and/or password of any Authorised Person.

  • Except in the case of a Material Disruption, an amendment will come into force on the date and time LMAX specifies in such notification, taking into account any commercial or other factors involved in the amendment.


More Definitions of Material Disruption

Material Disruption as used in this Section 8.4 shall mean a failure of TCS to meet the Service Levels or to resolve a problem caused by TCS, and other applicable performance standards under this Agreement or otherwise fulfill its obligations under this Agreement that causes Xxxxxxx’x failure to meet its contractual obligations to Xxxxxxx clients. Notwithstanding the foregoing, TCS obligations under this provision shall not apply to a Material Disruption caused by any exceptions described in Section 8.7 or due to reasons primarily attributable to Xxxxxxx or to Xxxxxxx Agents. In the event of a disagreement between the Parties as to the primary cause of the Material Disruption, TCS shall, at Xxxxxxx’x request, proceed with best efforts for rework or restoration of the Services as required by this Section 8.4, pending resolution of such disagreement between the Parties. Any such amounts payable by Xxxxxxx pursuant to this Section 8.4 shall count toward the MCA and the ACA.
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Material Disruption means the failure of the Stations to (i) broadcast a signal via the Stations’ or other stations’ over-the-air broadcast facilities to at least 75% of the Stations’ FCC licensed aggregate noise-limited contour population coverage; (ii) otherwise make the Stations’ programming available for receipt by at least 75% of the population located in the Stations’ FCC licensed aggregate noise-limited contour population coverage area; and (iii) deliver a signal, whether over-the-air or otherwise, to one or more MVPDs if such failure is the sole cause of the Stations’ programming not being available to at least 75% of the aggregate number of unique television households in the service areas of the MVPDs that carry the Stations’ programming immediately prior to such failure.
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Related to Material Disruption

  • Material and substantial disruption of a normal school activity means:

  • Substantial disruption means without limitation that any one or more of the following occur as a result of the bullying:

  • Index Disruption means in respect of an Index on any Valuation Date, the Index Sponsor fails to calculate and announce such Index.

  • Disruption Event means either or both of:

  • Final Disruption Date has the meaning provided in Annex A to this Confirmation. Notwithstanding the foregoing and anything to the contrary in the Equity Definitions, if a Market Disruption Event occurs on any Expiration Date, the Calculation Agent, acting commercially reasonably, may determine that such Expiration Date is a Disrupted Day only in part, in which case (i) the Calculation Agent shall make commercially reasonable adjustments to the Number of Warrants for the relevant Component for which such day shall be the Expiration Date and shall designate the Scheduled Trading Day determined in the manner described in the second preceding sentence as the Expiration Date for the remaining Warrants for such Component, and (ii) the VWAP Price for such Disrupted Day shall be determined by the Calculation Agent based on transactions in the Shares on such Disrupted Day taking into account the nature and duration of such Market Disruption Event on such day. Any Scheduled Trading Day on which, as of the date hereof, the Exchange is scheduled to close prior to its normal close of trading shall be deemed not to be a Scheduled Trading Day; if a closure of the Exchange prior to its normal close of trading on any Scheduled Trading Day is scheduled following the date hereof, but prior to the open of the regular trading session of the Exchange on such day, then such Scheduled Trading Day shall be deemed to be a Disrupted Day in full.

  • Disruption , as used in this part, means the cost effect upon, or the increased cost of performing, the unchanged work due to a change to the contract.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Regulatory Disruption Any event that Dealer, based on the advice of counsel, determines makes it reasonably necessary or appropriate with regard to any legal, regulatory or self-regulatory requirements or related policies and procedures that generally apply to transactions of a nature and kind similar to the Transaction and have been adopted in good faith by Dealer for Dealer to refrain from or decrease any market activity in connection with the Transaction. Settlement:

  • FX Disruption Event ' means the occurrence of any event on any day or any number of consecutive days as determined by the Calculation Agent in its sole and reasonable discretion that affects the Issuer’s currency hedging (if any) with respect to the Products.

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Price Source Disruption means (a) the failure of the Price Source to announce or publish the Reference Price (or the information necessary for determining the Reference Price); or (b) the temporary or permanent discontinuance or unavailability of the Price Source.

  • FX Market Disruption Event means each of the following events:

  • Exchange Disruption means any event (other than an Early Closure) that disrupts or impairs (as determined by the Determination Agent) the ability of market participants in general (i) to effect transactions in, or obtain market values for the Shares on the Exchange or (ii) to effect transactions in, or obtain market values for, futures or options contracts relating to the Share on any Related Exchange.

  • 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.

  • Market Disruption Event means either of the following events as determined by the Calculation Agent:

  • Material Loss means an uninsured:

  • Market Disruption means any of the following events or situations if, in the determination of the Calculation Agent, any of these is material to the valuation of a Reference Item or any Hedging Arrangements of the Issuer in relation to the Securities provided that any Market Disruption in respect of a Relevant Reference Item shall be deemed to be a Market Disruption in respect of the related Reference Item:

  • Material Disposition means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $1,000,000.

  • Material Events means any of the events listed in Section 3 of this Continuing Disclosure Undertaking.

  • Hedging Disruption means that the Issuer is unable, after using commercially reasonable efforts, to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s).

  • VWAP Market Disruption Event means, with respect to any date, (A) the failure by the principal U.S. national or regional securities exchange on which the Common Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or (B) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.

  • Eurodollar Disruption Event The occurrence of any of the following: (a) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that it would be contrary to law or to the directive of any central bank or other governmental authority (whether or not having the force of law) to obtain Dollars in the London interbank market to fund any Advance, (b) any Liquidity Bank shall have notified the Administrative Agent of the inability, for any reason, of such Liquidity Bank or any of its assignees or participants to determine the Adjusted Eurodollar Rate, (c) any Liquidity Bank shall have notified the Administrative Agent of a determination by such Liquidity Bank or any of its assignees or participants that the rate at which deposits of Dollars are being offered to such Liquidity Bank or any of its assignees or participants in the London interbank market does not accurately reflect the cost to such Liquidity Bank, such assignee or such participant of making, funding or maintaining any Advance, (d) any Liquidity Bank shall have notified the Administrative Agent of the inability of such Liquidity Bank or any of its assignees or participants to obtain Dollars in the London interbank market to make, fund or maintain any Advance or (e) any Liquidity Bank shall have notified the Administrative Agent that the principal amount of Advances to be funded by it is less than $500,000.

  • Material Event or “Material Information” shall mean such event or information as set out in the Schedule or as may be determined in terms of Clause 3 of the Policy. In the Policy, the words, “material” and “materiality” shall be construed accordingly.

  • Hedging Disruption Event means any event which, in the Issuer’s reasonable opinion, would make it illegal or commercially unfeasible for the Issuer to continue to hedge its obligations in relation to the Bond.

  • Supply Chain Disruption means an inability by the Contractor to obtain goods or services from third parties necessary to perform the Work of the Contract within the schedule specified therein, despite the Contractor making all reasonable commercial efforts to procure same. Contractors are advised that increased costs do not, in and of themselves, amount to a Supply Chain Disruption;

  • 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);