Material Modifications definition

Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.

Material Modifications means and include any modification to an existing RPTs, in aggregate with a related party, having variance of 25% in value of the transaction already approved by the Audit Committee or Board or Shareholders, as the case may be, or such modification as may be decided by the Audit Committee.

Material Modifications means such modifications that are necessary for the Facility to operate in conformity with Applicable Laws, Permits, specifications and Standards, Guaranteed Operating Characteristics, Operating Procedures, Good Industry Practice or other mandatory standards applicable to this Agreement” “Memorandum and Articles of Association” means the Memorandum and Articles Association that constitute and govern Seller;

Examples of Material Modifications in a sentence

• Dell will provide written notice if any such updates result in a material modification under Clause 3.2 (Material Modifications).

• You may be entitled to a refund of pre-paid fees for the Service Offering that will not be provided as a result of a termination in the following cases: (a) If Dell terminates the Service Offering under Clauses 8.1(b) (Service Offering Limited Warranty) or 16.2(2) (Indemnification by Dell); and/or (b) If You terminate the Service Offering under Clauses 3.2 (Material Modifications) or 6.2 (Termination).

• Collectively, Interconnection Facilities include all facilities and equipment between the Generating Facility and the Point of Interconnection, including any modification, Material Modifications, additions or upgrades that are necessary to physically and electrically interconnect the Generating Facility to Grant PUD's Transmission System.

• Grant PUD's Interconnection Facilities - All facilities and equipment owned, controlled or operated by Grant PUD from the Point of Change of Ownership to the Point of Interconnection as identified in Appendix A to this Agreement, including any modifications, Material Modifications, additions or upgrades to such facilities and equipment.

More Definitions of Material Modifications

Material Modifications means and includes any modification to an existing related party transaction having variance of 20% of the approved limit as sanctioned by the Audit Committee/Board/Shareholders, as the case may be.

Material Modifications means any modification made in the terms and conditions of any Related Party Transactions, which are existing as on the date of adoption of this Policy or entered subsequently as originally approved by the Audit Committee and/ or shareholders, as the case may be, having significant impact, including the criteria illustrated below, on the nature, value, tenure, exposure, or likely financial impact of such transaction, as may be determined by the Audit Committee from time to time;

Material Modifications means alterations which significantly change the overall design, "look and feel" or functionality of the TSA Site, or which extend or reduce the Features Set.

Material Modifications means any modification or amendment to the related party agreement / transaction which is likely to result in a 50% upward or downward revision in the original contractual value of the related party agreement / transaction approved by the Audit Committee.

Material Modifications means: triggering of any of the following conditions whether individually or in aggregate:

Material Modifications means any modification to the existing Related Party Transaction which has the effect of increasing or decreasing the value of original contract by 25% or more.

Material Modifications means and include any modification to an existing related party transaction having variance of 20% of the existing limit as sanctioned by the Audit Committee / Board / Shareholders, as the case may be