Subsequent Material Modifications definition

Subsequent Material Modifications means any modification with respect to the following:
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Subsequent Material Modifications means any variation(s) on cumulative basis in the terms or value of original approved contract by Rs. 1 Crore or more than 20% of overall contract value, whichever is Higher.
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Subsequent Material Modifications means any modification, either individually or taken together with any previous modifications, made in the nature, value / exposure, or other terms and conditions of any existing Related Party Transactions having variance of (+)/(-) 25% or more in value of the already approved original transaction or such modification as may be decided by the Audit Committee.
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Examples of Subsequent Material Modifications in a sentence

  • As per Regulation 23 of SEBI LODR, 2015, all related party transactions and Subsequent material modifications shall require prior approval of the Audit Committee of the Bank.

  • Subsequent material modifications to related party transaction shall require prior approval of audit committee of the listed entity.

  • Subsequent material modifications: Any subsequent modification in a related party transaction(s) resulting into +/- 20% or more change in the value of transaction(s) already approved by the Audit Committee/Board, shall be considered as subsequent material modification.

  • All material Related Party Transactions and Subsequent material modifications thereto require the prior approval of the Shareholders of the Company by Ordinary resolution in accordance with this Policy and Applicable Laws.The explanatory statement shall provide all relevant and necessary information regarding the Material Related Party Transactions / Material Modifications thereto, including information as may be specified or required from time to time.


More Definitions of Subsequent Material Modifications

Subsequent Material Modifications means modifications in related party transactions as defined by the Audit Committee given below:
Sample 1
Subsequent Material Modifications means a subsequent revision of at least ten percent (10%) of the total transaction value or any such threshold as maybe determined by the Board from time to time.
Sample 1

Related to Subsequent Material Modifications

  • Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.

  • Contract Modification means any changes in the terms or provisions of the Contract which are reduced to writing and fully executed by both parties.

  • Permitted Modification shall have the meaning ascribed thereto in Section 4.02.

  • Basic Terms Modification means any proposal: