Material Inaccuracy definition

Material Inaccuracy means a finding of falsely certified eligibility or Funding Application related information submitted by Grantees, architects, or other design professionals that allowed the Grantee an advantage in the funding process. For penalties associated with Material Inaccuracy findings, see Education Code Section 17070.51.
Sample 1Sample 2Sample 3
Material Inaccuracy means any falsely certified eligibility or funding application related information submitted by school districts, architects or other design professionals that allowed the school district an advantage in the funding process. “Median Cost” means, for purposes of a Preliminary Apportionment, the middle number in a given sequence of
Sample 1Sample 2Sample 3
Material Inaccuracy as used in this section means an error favoring Vastera equal to or exceeding *.
Sample 1Sample 2Sample 3

Examples of Material Inaccuracy in a sentence

  • If a failure by the Grantee to comply with the terms of this Agreement, or an audit report determination that the Grantee has violated applicable state or federal law as it relates to this Project, stems from falsely certified information on the Funding Application or Fund Release Application (including certifications made by architects or other design professionals), then Material Inaccuracy findings and penalties, as described in Education Code 17070.51 and SFP Regulation Section 1859.104.1, may apply.

  • If the inaccuracy is discovered by Buyer within six months after Closing and is a Material Inaccuracy, Buyer shall have all of its rights and remedies against Seller as provided in and subject to the terms and conditions of this Agreement, other than a right of rescission.

  • If the requirements of subsections (i) and (ii) are not satisfied as of the pickup date, Customer will be deemed to have made a “Material Inaccuracy”, and Customer will have 5 business days to revise the Job in writing to correct the description so that the Material Inaccuracy is corrected.

  • If the other party has no objection to the Material Inaccuracy that other party shall make the Adjustment Payment by wire transfer within thirty (30) calendar days after receipt of the deliveries described in paragraph 2.4.2.

  • If the inaccuracy is a Material Inaccuracy and Seller did have knowledge of the inaccuracy on the date of Seller's execution of this Agreement, then Buyer shall also have all other rights and remedies afforded by law and equity.

  • A., Ryden, F., Cox, R.: An interactive interface for multi-pilot ROV intervention.

  • If the other party objects to the Material Inaccuracy that other party shall within thirty (30) calendar days after receipt of the deliveries specified in paragraph 2.4.2 notify the claiming party in writing of such objection, and deliver to the claiming party the other party's particulars forming the basis for the objections.

  • The information provided to the Administrative Agent and the Lenders by or on behalf of the Borrower Parties relating to the CNL Entities and the transactions contemplated under the Loan Documents (including without limitation and any information provided in connection with Schedule 5.1(2)) shall not result in any Core Material Inaccuracy.

  • If the requirements of subsections (i) and (ii) are not been satisfied as of the pickup date, Customer will be deemed to have made a “Material Inaccuracy”, and Customer will have 5 business days to revise the Job in writing to correct the description so that the Material Inaccuracy is corrected.

  • Attached, please find the list of transportation enhancement projects recommended for funding in FY 2009.


More Definitions of Material Inaccuracy

Material Inaccuracy means any falsely certified eligibility or funding application related information submitted by school districts, architects or other design professionals that allowed the school district an advantage in the funding process. “Median Cost” means, for purposes of a Preliminary Apportionment, the middle umber in a given sequence of property value numbers, or the average of the middle two property value numbers when the given sequence of property value numbers has an even number of numbers.
Sample 1
Material Inaccuracy means, collectively, an inaccuracy or inaccuracies in any one or more of the representations made by Seller either (x) pursuant to Section 27 hereof (as made as of the date hereof) or (y) in Seller's Representation Certificate (as made as of the date of Closing), which inaccuracy or inaccuracies, in the aggregate, give rise to a Representation Loss (as hereinafter defined) in excess of $8,000,000.00. The term "Representation Loss" shall mean, with respect to any Material Inaccuracy or Immaterial Inaccuracy (as hereinafter defined), the aggregate of (x) the amount of any diminution in value of the Property and (y) the amount of any loss, cost, damage, liability and expense that is or (as reasonably estimated) may be suffered by Purchaser, as a result of, or in connection with, the inaccuracy or inaccuracies giving rise thereto.
Sample 1
Material Inaccuracy has the meaning ascribed to it in SECTION 6.2.
Sample 1
Material Inaccuracy means an inaccuracy relating to any matter mentioned in section 10(2);
Sample 1

Related to Material Inaccuracy

  • Material Information means any information (Material Fact or Material Change) relating to the business and affairs of the Company that results in or would reasonably be expected to result in a significant change in the market price or value of any of the Company’s securities;

  • Material IP means any Intellectual Property that is material to the conduct of the business of the Borrower and its Restricted Subsidiaries, taken as a whole.

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

  • Material Intellectual Property means any intellectual property owned by any Loan Party that is, in the good faith determination of the Borrower, material to the operation of the business of the Borrower and its Restricted Subsidiaries, taken as a whole.

  • 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 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);

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

  • Material safety data sheet or "MSDS" means the chemical, physical, technical, and safety information document supplied by the manufacturer of the coating, solvent, or other chemical product, usually through the distribution network or retailers.

  • Material Contract means any contract or other arrangement (other than Loan Documents), whether written or oral, to which any Credit Party is a party as to which the breach, nonperformance, cancellation or failure to renew by any party thereto could reasonably be expected to have a Material Adverse Effect.

  • Material Documents has the meaning set forth in Section 5.23.

  • Material Agreements shall have the meaning assigned to such term in Section 4.16 hereof.

  • Material Indebtedness means Indebtedness (other than the Loans and Letters of Credit), of any one or more of the Company and its Subsidiaries in an aggregate principal amount exceeding $50,000,000.

  • Material Loss means an uninsured:

  • Material Agreement means any material contract, commitment, agreement (written or oral), instrument, lease or other document, license agreement and agreements relating to intellectual property, to which the Corporation or any Subsidiary are a party or to which any of their property or assets are otherwise bound;

  • Material Interest means direct or indirect beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) of voting securities or other voting interests representing at least ten percent (10%) of the outstanding voting power of a Person or equity securities or other equity interests representing at least ten percent (10%) of the outstanding equity securities or equity interests in a Person.

  • Material Environmental Amount an amount payable by the Borrower and/or its Subsidiaries in excess of $5,000,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.

  • Material Gas Imbalance means, with respect to all Gas Balancing Agreements to which the Borrower or any other Credit Party is a party or by which any Oil and Gas Property owned by the Borrower or another Credit Party is bound, a net overproduced gas imbalance to the Borrower and the other Credit Parties, taken as a whole, in excess of 110,000 Mcf.

  • Material Environmental Liabilities means Environmental Liabilities exceeding $500,000 in the aggregate.

  • Material Financial Obligations means a principal or face amount of Debt (other than (i) the Loans and (ii) Non-recourse Debt) and/or payment or collateralization obligations in respect of Derivatives Obligations of the Borrower and/or one or more of its Subsidiaries, arising in one or more related or unrelated transactions, exceeding in the aggregate $150,000,000.

  • Material of Environmental Concern means and includes pollutants, --------------------------------- contaminants, hazardous wastes, and toxic, radioactive, caustic or otherwise hazardous substances, including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having any constituent elements displaying any of the foregoing characteristics.

  • Material Amount means an amount equal to the value of the three most recent invoices issued by ABP to the Customer;

  • Noncompliance means a failure in estimating, accumulating, or reporting costs to—

  • Material Insurance Subsidiary means a Material Subsidiary that is also an Insurance Subsidiary.

  • Parent Material Contract shall have the meaning set forth in Section 4.16(a).

  • Company Material Contract has the meaning set forth in Section 3.15(a).