Materially Reduced definition

Materially Reduced means where there is a reduction of available vehicular lane capacity on the Principal Traffic Connection of 50% or more. MC Margin means 15%, or as otherwise agreed by the parties, acting reasonably. Minimum Refinancing Requirements means that:
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Materially Reduced has the meaning set forth in Section 5.9(c). "MCB" means monochlorobenzene. "Monthly Requisite Number of Railcars" means the amount, rounded up to the nearest whole number of Railcars, equal to (i) the Initial Railcar Number divided by (ii) the number of months (rounded to the nearest whole number of months) contained in the period from the Closing Date until June 30, 1998. "1997 Accrued Vacation Liability" has the meaning set forth in Section 9.2. "No Further Action Letter" means a letter or other formal written communication from the LDEQ and/or other Governmental Entity having jurisdiction (a) indicating that no further Remedial Action is necessary regarding the Known Contaminant in the Known Contaminated Area or (b) otherwise stating in equivalent language that the LDEQ or such Governmental Entity will require no further Remedial Action with respect to such Known Contaminant in such Known Contaminated Area (including approval by the LDEQ and/or such other Governmental Entity of a plan or report submitted by Seller to LDEQ or such Governmental Entity recommending no further action with respect to such Known Contaminant in such Known Contaminated Area). It is understood and agreed that if the only qualification set forth in such letter or other formal written communication is a statement to the effect that the determination is made "at this time" (or such equivalent language), the parties shall consider such a letter or other formal written communication to be a "No Further Action Letter" with respect to the applicable Known Contaminant within the applicable Known Contaminated Area. "Non-Assumed Liabilities" has the meaning set forth in Section 2.4(b).
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Materially Reduced has the meaning set forth in Section 5.9(c).
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Examples of Materially Reduced in a sentence

  • For purposes of this Section 5.15, "Materially Reduced" shall mean that the sales attributed to such customer have decreased in the twelve (12) months ended January 31, 2003 compared to the twelve (12) months ended January 31, 2002 by more than 20%.

  • In addition, none of the customers listed on Schedule 5.15 has Materially Reduced (as defined below) its business with Seller.

  • If on or after the second anniversary of the Commencement Date you are discharged as a result of a Change of Control or you resign because as a result of a Change of Control your job duties are Materially Reduced, then you will be entitled to receive a separation payment equal to eighteen months of your then-current base salary and target bonus.

  • The Burdened Property's owner may relocate the easement area, in which event it shall relocate all permitted roads, railroad tracks, pipes, wires, other conduits and related poles and equipment, at its cost, provided the Benefited Property's owner's use thereof is not Materially Reduced.

  • The Manager may terminate this Contract in whole if the Manager determines that statutory changes enacted by the Indiana General Assembly have materially altered the Parties’ bargain or Significantly and Materially Reduced the Scope of the Manager's authority under this Contract, as set forth in this Contract or in Attachment A.

  • In addition, none of the customers listed on Schedule 3.11 has Materially Reduced (as defined below) its business with BFC.

  • Likewise, if before the second anniversary of the Commencement Date you resign because as a result of a Change of Control your job duties are "Materially Reduced" (as defined in the enclosure), then you will be entitled to receive a separation payment equal to the sum of your then-current base salary and target bonus divided by 12 and then multiplied by twenty four.

  • For purposes of this Section 3.11, "Materially Reduced" shall mean that the sales attributed to such customer have decreased in the twelve (12) months ended December 31, 2000 compared to the twelve (12) months ended December 31, 1999 by more than 20%.

  • The Burdened Property's owner may, at its cost, use and improve the easement area and grant rights therein to others; provided, that the Benefited Property's easement and right of -------- way is not materially interfered with and the use thereof is not materially more costly ("Materially Reduced").


More Definitions of Materially Reduced

Materially Reduced means that the sales attributed to such customer have decreased in the twelve (12) months ended December 31, 2000 compared to the twelve (12) months ended December 31, 1999 by more than 20%.
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