Significant Issue definition

Significant Issue has the meaning given to that term in clause 8.17.
View Source
Significant Issue means, any event, change, development, effect, condition, circumstance, matter, occurrence or state of facts (each, an “Event”) that, individually or in the aggregate with all other Events, results, or could reasonably be likely to result, in Losses or Liabilities in excess of $5,000,000, individually, or $10,000,000 in the aggregate.
View Source

Examples of Significant Issue in a sentence

  • To ensure the effective funding and regulation of community housing in South Australia, Renewal SA and the Office of Housing Regulation have further agreed: • Renewal SA will notify the Registrar of any Significant Issue or Breach Notice served to a community housing provider in respect of requirements under their Master Community Housing Agreement.

  • The Sellers’ Representative shall give prompt written notice to the Buyer of the occurrence of any Event that, individually or in combination with any other Events, has had or could reasonably be likely to result in a Significant Issue or a Material Adverse Effect.

  • Such written notice by the Sellers’ Representative shall describe each Significant Issue and/or Material Adverse Effect in reasonable detail and shall include copies of all material written evidence thereof.

  • In addition to the information within the Data Sharing Schedule, both SIRA and the Commission will, to the extent reasonably practicable, notify each other in writing of any Significant Issue where such notification is for a Lawful Purpose.

Related to Significant Issue

  • Significant impact means that the proposal is likely to have a noticeable effect on specific section(s) of the community greater than on the general community at large.

  • significant influence means control of at least twenty per cent of total voting power, or control of or participation in business decisions under an agreement;

  • Significant change means a major decline or improvement in the tenant’s status which does not normally resolve itself without further interventions by staff or by implementing standard disease-related clinical interventions that have an impact on the tenant’s mental, physical, or functional health status.

  • Significant Interest means the holding and/or possession of the legal or beneficial interest in, and/or the ability to exercise the voting rights applicable to, shares or other securities in the Club which confer in aggregate on the holder(s) thereof ten (10) per cent or more of the total voting rights exercisable in respect of the Shares of any class of Shares of the Club. All or part of any such interest may be held directly or indirectly or by contract including, but not limited to, by way of membership of any group that in the opinion of the Board are acting in concert, and any rights or powers held by an Associate (as defined in the Rules of The FA Challenge Cup) shall be included for the purposes of determining whether an interest or interests amounts to a “Significant Interest”.

  • Current significant investigative information means investigative information that a licensing board, after an inquiry or investigation that includes notification and an opportunity for the audiologist or speech-language pathologist to respond, if required by state law, has reason to believe is not groundless and, if proved true, would indicate more than a minor infraction.