Material Remedy definition

Material Remedy means any requirement that SECURE, Tervita or any of their respective subsidiaries: (i) divest, sell or otherwise dispose of; (ii) condition or modify the operation of (including having to cease operating, license, return or otherwise restrict the freedom of action with respect to); or (iii) hold separate any assets, rights or businesses that would be material and adverse in order to secure the Competition Act Approval;
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Material Remedy means, any commitment, undertaking, condition or obligation which the Purchaser is required to offer to the Competition Authority as a condition to any Croatian Closing Competition Approval or Purchaser Regulatory Approval, as the case may be, being granted or obtained and which commitment, undertaking, condition or obligation mandates that: (a) the Purchaser (or any its Affiliates (other than the Target Companies)) dispose of an interest, or any assets held by, in any legal entity or undertaking of the Purchaser or any of its Affiliates or dispose of any Target Company. For the purposes of this definition only, “Affiliate” includes portfolio companies held or managed by or on behalf of (x) any fund which directly or indirectly Controls the Purchaser (a “Fund”) or (y) by funds managed or advised by any person who manages or advises a Fund or is otherwise affiliated with a Fund; (b) the Slovenian Target dispose of its interests in the POP TV and/or Kanal A broadcast channels (or any entities that have interests in those channels); and/or (c) the Croatian Target dispose of its interests in the Nova TV and/or Doma TV broadcast channels (or any entities that have interests in those channels). For the avoidance of doubt, any other commitment, undertaking, condition or obligation, including any commitment, undertaking, condition or obligation imposing behavioural requirements shall not be a Material Remedy. It is further agreed that any other commitment, undertaking, condition or obligation which has been (or which is substantially similar to any commitment, undertaking, condition or obligation which has been) offered or proposed by the Purchaser or its Affiliate (or a representative thereof), or which has otherwise been the subject of any statement or communication by the Purchaser or its Affiliate (or a representative thereof) to, or discussion by the Purchaser or its Affiliate (or a representative thereof) with, the Competition Authority prior to the Restatement Date shall not be a Material Remedy;
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Material Remedy means, any commitment, undertaking, condition or obligation which the Purchaser is required to offer to a Competition Authority as a condition to any Purchaser Regulatory Approval being granted or obtained and which commitment, undertaking, condition or obligation mandates that: (a) the Purchaser (or any its Affiliates (other than the Target Companies)) dispose of an interest, or any assets held by, in any legal entity or undertaking of the Purchaser or any of its Affiliates or dispose of any Target Company. For the purposes of this definition only, “Affiliate” includes portfolio companies held or managed by or on behalf of (x) any fund which directly or indirectly Controls the Purchaser (a “Fund”) or (y) by funds managed or advised by any person who manages or advises a Fund or is otherwise affiliated with a Fund; (b) the Slovenian Target dispose of its interests in the POP TV and/or Kanal A broadcast channels (or any entities that have interests in those channels); and/or (c) the Croatian Target dispose of its interests in the Nova TV and/or Doma TV broadcast channels (or any entities that have interests in those channels).For the avoidance of doubt, any other commitment, undertaking, condition or obligation, including any commitment, undertaking, condition or obligation imposing behavioural requirements shall not be Material Remedy;
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Examples of Material Remedy in a sentence

  • To the Knowledge of Remedy Opco, there are no facts or circumstances that would be reasonably likely to result in a material change in the relationships of the Remedy Companies with any Material Remedy Customer as a result of the consummation of the Transactions.


More Definitions of Material Remedy

Material Remedy means, any commitment, undertaking, condition or obligation which the Purchaser is required to offer to the Competition Authority as a condition to any Croatian Closing Competition Approval or Purchaser Regulatory Approval, as the case may be, being granted or obtained and which commitment, undertaking, condition or obligation mandates that: (a) the Purchaser (or any its Affiliates (other than the Target Companies)) dispose of an interest, or any assets held by, in any legal entity or undertaking of the Purchaser or any of its Affiliates or dispose of any Target Company. For the purposes of this definition only, “Affiliate” includes portfolio companies held or managed by or on behalf of (x) any fund which directly or indirectly Controls the Purchaser (a “Fund”) or (y) by funds managed or advised by any person who manages or advises a Fund or is otherwise affiliated with a Fund; (b) the Slovenian Target dispose of its interests in the POP TV and/or Kanal A broadcast channels (or any entities that have interests in those channels); and/or (c) the Croatian Target dispose of its interests in the Nova TV and/or Doma TV broadcast channels (or any entities that have interests in those channels).For the avoidance of doubt, any other commitment, undertaking, condition or obligation, including any commitment, undertaking, condition or obligation imposing behavioural requirements shall not be a Material Xxxxxx.Xx is further agreed that any other commitment, undertaking, condition or obligation which has been (or which is substantially similar to any commitment, undertaking, condition or obligation which has been) offered or proposed by the Purchaser or its Affiliate (or a representative thereof), or which has otherwise been the subject of any statement or communication by the Purchaser or its Affiliate (or a representative thereof) to, or discussion by the Purchaser or its Affiliate (or a representative thereof) with, the Competition Authority prior to the Restatement Date shall not be a Material Remedy;
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Material Remedy means, any commitment, undertaking, condition or obligation which the Purchaser is
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Material Remedy means any of the following: (a) any judicial or non-judicial foreclosure proceeding, including the exercise of any power of sale; (b) any foreclosure or strict foreclosure proceeding under the UCC; (c) the taking of possession of the Project; (d) the acquisition of title to the Project or of the direct or indirect equity interests in Underlying Loan Borrower by deed, assignment or transfer in lieu of foreclosure; and (e) the appointment (or the filing of any request for the appointment of) a receiver.
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Related to Material Remedy

  • Remedy a Violation means to bring the structure or other development into compliance with state and community floodplain management regulations, or, if this is not possible, to reduce the impacts of its noncompliance. Ways that impacts may be reduced include protecting the structure or other affected development from flood damages, implementing the enforcement provisions of the ordinance or otherwise deterring future similar violations, or reducing federal financial exposure with regard to the structure or other development.

  • Material Breach means a breach by either Party of any of its obligations under this Agreement which has or is likely to have a Material Adverse Effect on the Project and which such Party shall have failed to cure.

  • material relationship means one actually known of a personal, familial or business nature between the Broker and affiliated licensees and a client which would impair their ability to exercise fair judgment relative to another client.

  • Willful and Material Breach means a material breach that is a consequence of an act undertaken by the breaching party or the failure by the breaching party to take an act it is required to take under this Agreement, with knowledge that the taking of or failure to take such act would, or would reasonably be expected to, result in, constitute or cause a breach of this Agreement.

  • Serious Medical Condition means, for the purpose of interpreting Overseas Emergency Medical Evacuation and Repatriation cover, a condition which in the opinion of the Company or its authorised representatives constitutes a serious or life threatening medical emergency requiring immediate evacuation to obtain urgent remedial treatment in order to avoid death or serious impairment to an Insured Person’s immediate or long-term health prospects. The seriousness of the medical condition will be judged within the context of the Insured Person’s geographical location and the local availability of appropriate medical care or facilities.

  • Remedy means any remedial right to which an aggrieved party is entitled with or without resort to a tribunal.

  • Persistent Breach means a Default which has occurred on three or more separate occasions with a continuous period of six (6) months.

  • Breach means an impermissible use or disclosure of electronic or non-electronic sensitive personal information by an unauthorized person or for an unauthorized purpose that compromises the security or privacy of Confidential Information such that the use or disclosure poses a risk of reputational harm, theft of financial information, identity theft, or medical identity theft. Any acquisition, access, use, disclosure or loss of Confidential Information other than as permitted by this DUA shall be presumed to be a Breach

  • Medical condition means either of the following:

  • Material Damage and “Materially damaged” means damage (w) resulting in the Property not complying with all legal requirements applicable to the Property, (x) reasonably exceeding $300,000 or (y) that entitles any tenant of the Property to terminate its Lease, or (z) which, in Buyer’s or Seller’s reasonable estimation, will take longer than 120 days to repair.

  • Repeat violation means a violation of the same regulation in any location by the same person for which voluntary compliance previously has been sought within two years or a notice of civil violation has been issued

  • Breaching Party has the meaning set forth in Section 12.2.

  • Contractor Default shall have the meaning set forth in Clause 23.1;

  • Customer Default has the meaning set out in clause 8.3.

  • Threatened or endangered species means all spe- cies of wildlife listed as "threatened" or "endangered" by the United States Secretary of the Interior or Commerce, and all species of wildlife designated as "threatened" or "endan- gered" by the Washington fish and wildlife commission.

  • Substantial Breach means a breach of any of clauses 3.8, 3.9, 4.1, 4.2, 5.1(c)(i) to 5.1(c)(xxiv) (inclusive), 17.1, 17.2, 31.2 or 31.7(c) of this Agreement;

  • Serious Breach means any breach defined as a Serious Breach in the Agreement or any breach or breaches which adversely, materially or substantially affect the performance or delivery of the Services or compliance with the terms and conditions of the Agreement or the provision of a safe, healthy and supportive learning environment or a breach of security that adversely affects the Personal Data or privacy of an individual. Failure to comply with Law, or actions or omissions by the Provider that endanger the Health or Safety of Learners, Provider Personnel, and all other persons including members of the public would constitute a Serious Breach;

  • Environmental Violation means any activity, occurrence or condition that violates or results in non-compliance with any Environmental Law in any Material respect.

  • Threatened a claim, Proceeding, dispute, action, or other matter will be deemed to have been "Threatened" if any demand or statement has been made (orally or in writing) or any notice has been given (orally or in writing), or if any other event has occurred or any other circumstances exist, that would lead a prudent Person to conclude that such a claim, Proceeding, dispute, action, or other matter is likely to be asserted, commenced, taken, or otherwise pursued in the future.

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • Behavioral violation means a student’s behavior that violates the district’s discipline policies.

  • Credible threat means a verbal or nonverbal threat, or a combination of the two, including threats delivered by electronic communication or implied by a pattern of conduct, which places the person who is the target of the threat in reasonable fear for his or her safety or the safety of his or her family members or individuals closely associated with the person, and which is made with the apparent ability to carry out the threat to cause such harm. It is not necessary to prove that the person making the threat had the intent to actually carry out the threat. The present incarceration of the person making the threat is not a bar to prosecution under this section.

  • Material Related Party Transaction means a transaction with a related party if the transaction / transactions to be entered into individually or taken together with previous transactions during a financial year, exceeds ten percent of the annual consolidated turnover of the company as per the last audited financial statements of the company.

  • Psychological care means direct or consultative services provided by a psychologist licensed in the state in which the psychologist practices.

  • Persistent Failure means any two (2) or more failures by the Supplier in any rolling period of twelve (12) months to comply with obligations in respect of the Contract Services under the Contract;

  • Serious violation means OCC has made a valid finding when assessing a serious complaint that alleges: