Material Regulatory Event means an Adverse Regulatory Event that, individually or when taken together with each other Adverse Regulatory Event that has occurred since the Closing Date, (i) has resulted in a Material Adverse Effect or (ii) has resulted in fines, penalties or Losses (including loss of revenue) in excess of $1,000,000.
Material Regulatory Event means an event where the Jones Act is repealed or substantially modified in a manner that could reasonably be expected to have a Material Adverse Effect.
Material Regulatory Event means an Adverse Regulatory Event that (i) individually has resulted in, or could reasonably be expected to result in, a fine, penalty or Loss (including a loss of revenue) in excess of $1,000,000 per occurrence, (ii) when taken together with each other Adverse Regulatory Event that has occurred since the Closing Date, has resulted in, or could reasonably be expected to result in, a fine, penalty or Loss (including a loss of revenue) in excess of $2,000,000 in the aggregate or (iii) has, directly or indirectly, resulted in a mandatory or voluntary recall of any Product for a period in excess of thirty (30) consecutive days.
Examples of Material Regulatory Event in a sentence
A Material Adverse Change, Material Adverse Effect or Material Regulatory Event shall have occurred.
Except as specified on Schedule 7.06(a), there is no litigation, investigation or proceeding pending or, to the knowledge of any Obligor or any of its Subsidiaries, threatened in writing, with respect to each Obligor and any of their Subsidiaries by or before any Governmental Authority or arbitrator that (i) could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect or a Material Regulatory Event or (ii) involves this Agreement or any other Loan Document.
Except as specified on Schedule 7.06(a), there is no litigation, investigation or proceeding pending or, to the knowledge of each Obligor, threatened in writing, with respect to each Obligor or any of its Subsidiaries by or before any Governmental Authority or arbitrator that (i) could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect or a Material Regulatory Event, or (ii) involves this Agreement, any other Loan Document, or the Transactions.
No Material Regulatory Event has occurred and is continuing and, since December 31, 2021, no Material Adverse Change has occurred.
A Material Adverse Change or Material Regulatory Event shall have occurred.
More Definitions of Material Regulatory Event
Material Regulatory Event means an Adverse Regulatory Event that (a) individually has resulted in, or could reasonably be expected to result in, a fine, penalty or Loss (excluding a loss of revenue) in excess of $2,500,000 per occurrence, (b) when taken together with each other Adverse Regulatory Event that has occurred since the Closing Date, has resulted in, or could reasonably be expected to result in, a fine, penalty or Loss (excluding a loss of revenue) in excess of $5,000,000 in the aggregate or (c) has, directly or indirectly, resulted in a mandatory or voluntary recall of any such Product for a period in excess of ninety (90) consecutive days.
Material Regulatory Event means a material regulatory issue relating to a Licensed Product in which a Regulatory Authority will not initiate review or refuses to accept filing of an NDA, MAA or other similar marketing application with respect to such Licensed Product on the basis of submission of a completed development program as agreed by the JSC, or if an accelerated or conditional approval with respect to such Licensed Product is ultimately unable to be converted to full approval. 1.165 “Material Safety Event” means a material safety event (whether as to the type of event or magnitude or severity of the safety issue) that arises prior to Completion of the Arvinas Clinical Trials Transfer and is reasonably likely to cause the continuation of the Arvinas Clinical Trial Activities to impose an unacceptable risk for patient safety.
Material Regulatory Event means an Adverse Regulatory Event that, individually or when taken together with each other Adverse Regulatory Event that has occurred since the Restatement Date, has resulted in or would reasonably be expected to result in a Material Adverse Effect. “Maturity Date” means March 5, 2029 (the “Scheduled Maturity Date”); provided that: (A) if the below conditions are not satisfied in full on January 15, 2025, then the Maturity Date shall be January 15, 2025: (i) no Existing 2025 Convertible Notes are outstanding; or (ii) to the extent any such Existing 2025 Convertible Notes remain outstanding either: (x) the maturity date therefor has been extended to a date not earlier than September 5, 2029; or (y) if the maturity date for any such Existing 2025 Convertible Notes has not been so extended as contemplated by the foregoing clause (x) (any such notes that remain outstanding on January 15, 2025 of the type described in this clause (y) being herein referred to as “Relevant Existing 2025 Convertible Notes”), the Borrower has caused Subject Cash to have been deposited into a Controlled Account, pursuant to terms reasonably satisfactory to the Agent, in an amount sufficient to redeem in full in cash all Relevant Existing 2025 Convertible Notes as of their respective maturity dates as in effect on January 15, 2025; (B) if the below conditions are not satisfied in full on January 15, 2028, then the Maturity Date shall be January 15, 2028: (i) no Existing 2028 Convertible Notes are outstanding; or (ii) to the extent any such Existing 2028 Convertible Notes remain outstanding either: (x) the maturity date therefor has been extended to a date not earlier than September 5, 2029; or (y) if the maturity date for any such Existing 2028 Convertible Notes has not been so extended as contemplated by the foregoing clause (x) (any such notes that remain outstanding on January 15, 2028 of the type described in this clause (y) being herein referred to as “Relevant Existing 2028 Convertible Notes”), the Borrower has caused Subject Cash to have been deposited into a Controlled Account, pursuant to terms reasonably satisfactory to the Agent, in an
Material Regulatory Event has the meaning set forth in Section 7.03(c)
Material Regulatory Event means any administrative enforcement action under Section 8 of the FDIA, memorandum of understanding, written agreement, supervisory letter, or any other action or determination of any Regulatory Authority relating to the status or conduct of Purchaser or any of its Subsidiaries, or any fact, event or circumstance affecting the regulatory status or compliance of Purchaser or any of its Subsidiaries (including without limitation a determination that Purchaser or any of its Subsidiaries would be deemed to be in “troubled condition” under applicable federal law or regulations), that would be reasonably likely to create a material burden on Purchaser or any of its Subsidiaries or cause any material adverse economic or operating consequences to Purchaser or any such Subsidiary.
Material Regulatory Event means (i) the issuance of an injunction or administrative order to cease and desist from causing any violations, including without limitation, any future violations of regulations applicable to the Borrower or any of its Restricted Subsidiaries, (ii) suspension from association with any applicable regulatory body, grid operator or regime, (iii) the finding by a court or regulator with respect to the making of a false statement or omission, (iv) any event that would cause Section 3.23 to be untrue or inaccurate in any material way, (v) any event the effect of which is to violate Section 5.11 or (vi) the issuance of a criminal indictment with respect to a felony of any officer or director of the Borrower having responsibility for the performance by the Borrower of its obligations under the Loan Documents or its operations under any applicable regulatory body or regime, in each case listed in clause (i)-(iv) above, to the extent such event could reasonably be expected to result in a Material Adverse Effect on the Borrower’s ability to perform its obligations under the Loan Documents or results in the loss or threat of loss of any permit or approval needed to maintain its operations in substantially the same form as on the Closing Date.
Material Regulatory Event means an Adverse Regulatory Event that (i) individually has resulted in, or could reasonably be expected to result in, a fine, penalty or Loss (including a loss of revenue) in excess of $1,000,000 per occurrence, (ii) when taken together with each other Adverse Regulatory Event that has occurred since the Closing Date, has resulted in, or could reasonably be expected to result in, a fine, penalty or Loss (including a loss of revenue) in excess of $2,000,000 in the aggregate or (iii) has occurred after the Closing Date and has, directly or indirectly, resulted in both (x) a mandatory or voluntary recall of any Advanced Energy Product and (y) the cessation of all sales or distribution of any such Advanced Energy Product for a period in excess of thirty (30) consecutive days.