Material Litigation definition

Material Litigation means any litigation that, according to

Material Litigation is defined in Section 6.7.

Material Litigation has the meaning specified in Section 3.01(e).

Examples of Material Litigation in a sentence

• Each Participant is also required to provide information as to any known Material litigation, commitments or contingencies as well as any prior bankruptcy declarations or Material defalcations by the Participant or its predecessors, subsidiaries or Affiliates, if any.

• Each Participant is also required to provide with its application information as to any known Material litigation, commitments or contingencies as well as any prior bankruptcy declarations or Material defalcations by the Participant or its predecessors, subsidiaries or Affiliates, if any.These disclosures shall be made upon application, upon initiation or change, and at least annually thereafter, or as requested by PJMSettlement.

• Material litigation and arbitration □ Applicable √ Not applicable The Company was not involved in any material litigation and arbitration during the reporting period.

• Material litigation There is no material litigation as at the date of this report.

• Material litigation excludes bidder complaints before a state regulatory utility commission.

More Definitions of Material Litigation

Material Litigation means litigation that, according to generally accepted accounting principles, is significant to an applicant's or a licensee's financial health and must be disclosed in the applicant's or licensee's audited financial statements, report to shareholders, or similar records.

Material Litigation means proceedings that differ from the or­ dinary routine litigation incidental to the business. Litigation is ordinary routine litigation if it ordinarily results from the business and does not deviate from the normal business litigation. Litigation involving five percent of the licensee's assets or litigation involv­ ing the government would constitute material litigation.

Material Litigation means any litigation that, according to generally accepted accounting principles, is deemed significant to an applicant's or licensee's financial health and would be required to be referenced in that entity's annual audited financial statements, report to shareholders, or similar documents.

Material Litigation means litigation, that according to United States generally accepted accounting principles, is significant to a person's financial health and would be required to be disclosed in the person's annual audited financial statements, report to shareholders, or similar records.

Material Litigation or "Material Litigation Development" shall mean any Litigation, or development in any Litigation, as the case may be (a) which involves this Agreement, any Related Document or other transactions contemplated hereby or thereby, or (b) which could reasonably be expected to have a Material Adverse Effect.

Material Litigation means any litigation that would be relevant to the director's ruling on an application for a license including, but not limited to, criminal or civil action involv- ing dishonesty or financial misconduct.

Material Litigation means litigation, that according to United States generally accepted accounting principles, is significant to a person’s financial health and would be required to be disclosed in the person’s annual audited financial statements, report to shareholders, or similar records.