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 $2,500,000 or (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 $2,500,000.
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Material Regulatory Event means an event where the Jones Act is repealed or substantially modified in a manner that could reasonably be expected to have a Material Adverse Effect.
Examples of Material Regulatory Event in a sentence
A Material Adverse Change, Material Adverse Effect or Material Regulatory Event shall have occurred.
More Definitions of Material Regulatory Event
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 means any administrative
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 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 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 agency relating to the status or conduct of Purchaser or any Purchaser Subsidiary, or any fact, event or circumstance affecting Purchaser's regulatory status or compliance, that would be reasonably likely to create a material burden on Purchaser or any Purchaser Subsidiary or cause any material adverse economic or operating consequences to Purchaser or such Purchaser Subsidiary.
Material Regulatory Event means (a) an Adverse Regulatory Event to the extent such Adverse Regulatory Event has resulted in or would reasonably be expected to result in (i) an Event of Default or Material Adverse Effect, or (ii) a breach of the Liquidity Condition or Section 3.6; (b) has resulted in any federal criminal indictment for which any Loan Party or executive officer thereof is the subject or target of and which has resulted or would reasonably be expected to result in a Material Adverse Effect, and further in the case of such executive officer, such federal criminal indictment is related to such executive officer’s actions or omissions in such Person’s capacity as an executive officer of such Loan Party; or (c) any Adverse Regulatory Event that results in a ship hold for fifteen (15) or more consecutive calendar days on any Product or combination of Products that make up 75% or more of the Revenue Base for the ninety (90) consecutive calendar days preceding the commencement of such ship hold and which ship hold has resulted or would reasonably be expected to result in a material effect on the Borrower. “Maturity Date” means January 3, 2029. “Medicaid” means that government-sponsored entitlement program under Title XIX, P.L. 89-97 of the Social Security Act, which provides federal grants to states for medical assistance based on specific eligibility criteria, as set forth on Section 1396, et seq. of Title 42 of the United States Code. “Medicare” means that government-sponsored insurance program under Title XVIII, P.L. 89-97, of the Social Security Act, which provides for a health insurance system for eligible elderly and disabled individuals, as set forth at Section 1395, et seq. of Title 42 of the United States Code. “Moody’s” means Xxxxx’x Investors Service, Inc. “Multiemployer Plan” means a Benefit Plan that is a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA. “Net Asset Sales Proceeds” means, with respect to a Disposition pursuant to Section 8.8(vii) or (xiii) after the Closing Date by the Borrower or any Subsidiary to any Person of any assets of the Borrower or any Subsidiary, the excess of gross cash proceeds received by the Borrower or any Subsidiary from such Disposition in excess of $1,000,000, in each case individually or in the aggregate in any Fiscal Year (in each case net of all costs and expenses, and including Taxes payable by the recipient of such proceeds, incurred in good faith in connection