Examples of Material Effect in a sentence
To inform the Creditors in writing within five Bank Business Days of having learned of any dispute, interim measure, action, or in general any relevant claim or proceeding commenced against the Company or its Subsidiaries, or that affects the Financing Documents, before any ordinary or special court, arbitrator, public or private body, before any Government Authority, or before any other entity having jurisdiction of any nature, that may reasonably give rise to an Adverse Material Effect.
To CSXT’s actual knowledge, there is no pending litigation, or any dispute or litigation threatened in writing, concerning the location of the boundary lines of any Segment, which has or would reasonably be expected to have a Material Effect.
To CSXT’s actual knowledge, no assessments have been made against any Segment that are unpaid (except ad valorem taxes for the current year), whether or not they have become liens, which have or would reasonably be expected to have a Material Effect.
Except as would not reasonably be expected to have a Company Material Effect, assets of the Company and Subsidiaries necessary for the normal operation of the Company and the Subsidiaries, including assets leased, are in good operating condition, regularly and properly maintained, and fit for the operation in the ordinary course of the Company’s and Subsidiaries’ business, subject to normal wear and tear and subject to the decommissioning or repair of certain vehicles in the ordinary course of business.
A Report on Compliance with Requirements That Could Have a Direct and Material Effect on the Federal Program and on Internal Control Over Compliance in Accordance with the Program-Specific Audit Option Required by the Uniform Grant Guidance.