Material issue definition

Material issue means a nontrivial defect in the solicitation or award that would prejudice the outcome of the procurement. The presence of multiple nonmaterial issues in a solicitation or award does not constitute a material issue unless the aggrieved party can establish that those nonmaterial issues together would prejudice the outcome of the procurement.
Material issue means a potential receipt refusal issue raised by the principal regulator as a result of its review of the materials or raised by the filer as a result of changes made by the filer after a non-principal regulator is clear for final.
Material issue means a nontrivial defect in the

Examples of Material issue in a sentence

  • In the event an immaterial part of the Premises is damaged or destroyed as a result of a Casualty and it is not a Material Issue, Seller shall promptly contract for and commence repairs and complete such repairs as soon as practicable and the parties shall proceed with Closing as set forth herein without repair of the casualty damage and Purchaser shall receive a credit against the Purchase Price in the amount of the damage estimate, as reasonably determined by Seller and Purchaser.

  • If at any time prior to Closing there is a Material Issue that occurs with respect to the Premises as a result of fire or any other casualty (“Casualty”), Seller shall give written notice (“Casualty Notice”) thereof to the Purchaser.


More Definitions of Material issue

Material issue has the meaning given to it in Section 5.5.
Material issue means a question or decision which, alone or in the aggregate with related questions or decisions,
Material issue means an issue or irregularity which is not previously reflected in information and materials made publicly available by the Company via SGX-ST’s SGXNET or otherwise notified or provided by the Company in the course of the Investment Due Diligence and results in or is likely to result in a Material Adverse Effect;
Material issue means either any single issue, circumstance or fact or series of issues, circumstances or facts, with respect to the Premises discovered and documented in a third-party report or otherwise that creates a potential liability or expense to Purchaser for repair or remedial costs or other expense, liability or obligation equal to or greater than Five Hundred Thousand Dollars ($500,000). In the event an immaterial part of the Premises is damaged or destroyed as a result of a Casualty and it is not a Material Issue, Seller shall promptly contract for and commence repairs and complete such repairs as soon as practicable and the parties shall proceed with Closing as set forth herein without repair of the casualty damage and Purchaser shall receive a credit against the Purchase Price in the amount of the damage estimate, as reasonably determined by Seller and Purchaser.
Material issue means:
Material issue means any Issue which leads or may lead to disturbance in functioning of the
Material issue has the meaning set forth in Section 4.2.2.