Material Provisions definition

Material Provisions means Article 1 (Subject of the Contract), Article 2 (Vessel's Classification – Rules and Regulations – Certificates), Article 8 (Delivery), Article 9 (Price), Article 13 (Speed – Liquidated Damages), Article 14 (Deadweight – Liquidated Damages), Article 17 (Fuel Oil Consumption – Liquidated Damages), Article 19 (Maximum Amount of Liquidated Damages), Article 20 (Termination of the Contract – Liquidated Damages to be paid by the Builder), Article 23 (Insurance), Article 25 (Guarantee – Liability), Article 26 (Permissible Delay), Article 29 (Assignment of the Contract) and Article 30 (Law of the Contract – Disputes) of the Shipbuilding Contract.

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Material Provisions means Sections 2, 3, 4, 5.1, 7, 8, 12.3, 12.11 and 12.12;

Material Provisions has the meaning set forth ins Section 6.6.

Examples of Material Provisions in a sentence

• The Parties agree that in the event of any breach or threatened breach of the Material Provisions by Customer, money damages would be an inadequate remedy and the affected Party shall be entitled to seek injunctive relief, without the need to post a bond or other security.

• Termination of Rental Agreement - Your Failure to Comply with F.S. 83.52 or Material Provisions of the Lease.

• In the event of a breach by the Executive of the Material Provisions (excluding ADEA Released Claims) or in the event Executive challenges the enforceability of this Separation Agreement as to any of the Other Released Claims, the Company shall be entitled to immediately cease providing to the Executive the Other Consideration and any other benefits under this Separation Agreement, except to the extent that such payments and benefits are required, either under this paragraph or by law.

• The statements in the Prospectus under the “Description of Material Provisions of the Partnership Agreement of K▇▇▇▇▇ Realty, L.P.”, insofar as they purport to describe or summarize certain provisions of the agreements, statutes, regulations, or the subject legal proceedings referred to therein, are accurate descriptions or summaries in all material respects.

• Required by Florida Statute 3511 or Material Provisions of the Rental Agreement.

More Definitions of Material Provisions

Material Provisions are the following terms set forth in the Term Sheet (in each case, as defined in the Term Sheet): (i) solely with respect to Stonepeak, the relative portion of the Funding Commitment to be funded by Stonepeak and, solely with respect to Evolve, the relative portion of the Funding Commitment to be funded by Evolve; (ii) the relative percentage ownership of Common Units by Nuvve Parent as compared to the ownership of Common Units by the other members, in aggregate, of Levo; (iii) the 8.0% per annum interest rate with respect to the Preferred Quarterly Distribution; (iv) the terms and conditions with respect to the Preferred PIK Period; (v) the terms and priority of the quarterly distribution of Available Cash by Levo as set forth in the section of the Term Sheet entitled “Distribution Waterfall”; (vi) the Preferred Redemption Price; (vii) the timing and conditions pursuant to which ​ ​ ​ ​ ​ Stonepeak may elect to cause Levo to redeem any issued and outstanding Preferred Units; (viii) the right of Nuvve to designate the majority of the Board of Managers prior to the occurrence of a Trigger Event; (ix) the material terms of Nuvve’s “drag-along right” if no Preferred Units are outstanding and Nuvve holds at least 20% of the issued and outstanding Common Units; (x) the right of first offer in favor of Nuvve in connection with any transfer by Stonepeak or Evolve of their respective Common Units and Preferred Units; (xi) the Release Conditions under which the Escrow Materials would be released pursuant to the IP Escrow Agreement and the License would become exercisable by ▇▇▇▇; (xii) the Escrow Agent’s obligation to release the Escrow Material only upon the occurrence of a Release Condition; (xiii) the material terms of the License as set forth in subsection (c) in the section of the Term Sheet entitled “Parent Letter Agreement”; (xiv) the definition of Escrow Material; (xv) the Qualifying Criteria and Nuvve Parent’s consent right with respect to any changes thereto that would reasonably be expected to be adverse to Nuvve Parent; (xvi) Nuvve Parent’s right to expense reimbursement by Levo upon closing, up to a maximum expense reimbursement of $1,000,000; and (xvii) solely with respect to Stonepeak, Nuvve Parent’s maximum expense reimbursement obligation to Stonepeak of $900,000 and, solely with respect to Evolve, Nuvve Parent’s maximum expense reimbursement obligation to Evolve of $100,000.

Material Provisions means the terms set forth in Article 5 (PEG Services), Article 6 (Franchise Fees), and Article 8 (Insurance and Indemnification).

Material Provisions means, in respect of any Security Documents, any provision which describes the nature of the Secured Obligations secured thereby or establishes that all Secured Obligations are pari passu with respect to the Lien created by such Security Document.

Material Provisions means the following provisions of this Agreement:

Material Provisions means any provisions of Clause 2 (Management of the Company), Clause 3 (Shareholders Meetings) and Clause 6 (Lock in and Non Disposal Undertaking);

Material Provisions means the rights of the Issuer under the following articles of the Shareholders' Agreement: (i) articles 4.1.1 and 4.3.2 with respect to the composition and the decisions of the board of directors of GRTgaz, (ii) article 10 with respect to the distribution policy and (iii) articles 20.1 and 20.2 with respect to the financial commitments of GDF SUEZ.

Material Provisions mean Clause 5 (Reserved Matters), Clause 8 (Permitted Transfers and Further Issuance), Clause 9 (Exit Provisions), and Clause 10 (Non-Compete and Non-Solicitation) of this Agreement;