Substantial Failure definition

Substantial Failure means (a) Complaints made by, or on behalf of, the greater of five (5) Covered Clients or one percent (1%) of Covered Clients of the Participant, if such Complaint(s) are not dismissed as provided in Article J, Section 5 below or (b) Complaints determined by the Compliance Committee to pose a substantial risk to the Client Assurance Program.
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Substantial Failure means material non-compliance with the requirements of this Agreement which:
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Substantial Failure means the failure to meet requirements, other than unimportant omissions or defects, given the particular circumstances involved.
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Examples of Substantial Failure in a sentence

  • A default includes a Termination for Substantial Failure to Perform under Article 14, but also includes any breach of Contract and is subject to the requirements and responsibilities as set forth in the Performance Bond.

  • Substantial Failure to Perform: Includes any violation of any requirement of this Contract that is repeated or ongoing, that goes to the essentials or purpose of the Contract, or that injures, jeopardizes or threatens the health, safety, welfare, rights or other interests of members.

  • The Performance review parameters as laid down in Annexure-IV shall form the basis of determination of the performance standard of the Auditors, but MPPKVVCL’s decision shall be final in this regard.• Substantial Failure of the selected bidder to perform the agreement may even cause to terminate the agreement.

  • Section 1003.102(u)—Repeated Filings Indicating a Substantial Failure to Competently and Diligently Represent the Client Comment.

  • SYSC 19F applies to a MiFID investment firm unless it is a UCITS investment firm or an AIFM investment firm.

  • Substantial Failure – A repeated pattern of noncompliance by the AE with responsibilities outlined in this Agreement, non-adherence with Written Policies and Procedures and Departmental Decisions, inability to develop and /or implement an approved CAP or DCAP to remedy noncompliance areas, or an egregious noncompliance issue that jeopardizes Participant Health and Welfare and/or overall state compliance with federal Waiver requirements approved by CMS.

  • In the case of one or more Complaints, the Participant shall be deemed to be in Default (a) in the case of a Reported Failure, at such time as set forth in Section 4 below; or (b) in the case of a Substantial Failure, at such time as set forth in Section 5 below.

  • However, the recipient has a responsibility to ensure that its staff are fully informed of and act in accordance with the LSC grant requirements andrestrictions.Criteria for a Substantial Failure.

  • The Performance review parameters as laid down in annexure 10 shall form the basis of determination of the performance standard of the Stock Verifiers , but MPPKVVCL’s decision shall be final in this regard. Substantial Failure of the selected bidder to perform the agreement may even cause to terminate the agreement.

  • The customer’s ability to request a tank transfer, and the consequent obligation upon the existing supplier, applies only in situations where there is a tank already in situ, being used to supply the customer with LPG, and where that tank is owned or controlled by the customer’s existing supplier.


More Definitions of Substantial Failure

Substantial Failure means the repeated, reck-
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Related to Substantial Failure

  • Epidemic Failure means a series of repeating failures or defects resulting in at least a 0.5% failure rate for the same Product or Material during any twelve-month period.

  • MI Failure means when an MI report: a) contains any material errors or material omissions or a missing mandatory field; or b) is submitted using an incorrect MI reporting Template; or c) is not submitted by the reporting date(including where a Nil Return should have been filed);

  • Technical Failure means the discontinuation of Development or Commercialization of a Product for technical, scientific, medical or regulatory reasons, including, but, not limited to, unacceptable preclinical toxicity, demonstration of a side effect profile significantly worse than currently marketed products, or inability to manufacture in an acceptable purity or for an acceptable price.

  • Service Failure means a failure by the Contractor to provide the Services in accordance with any individual service level described above (measured on a monthly/quarterly/annual basis)

  • Substantial disruption means without limitation that any one or more of the following occur as a result of the bullying:

  • Supply Failure has the meaning given to it in Section 7.5.2 (Supply Failure).

  • Service Level Failure means a failure to perform the Software Support Services fully in compliance with the Support Service Level Requirements.

  • Listing Failure Event means that:

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Substantial Taking means a Taking of at least 15% of the Land or Improvements which, in Lessee’s and Lessor’s reasonable judgment, will materially and adversely interfere with any development or use of the Premises that Lessee is then conducting or intends in good faith to conduct in the future.

  • Substantial Amount means, at the time of determination thereof, an amount in excess of 30.0% of total consolidated assets (exclusive of depreciation) at such time of the Borrower and its Subsidiaries determined on a consolidated basis.

  • 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;

  • Substantial damage means damage of any origin sustained by a structure whereby the cost of restoring the structure to its before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred.

  • Substantial cause means Employee’s (1) failure to substantially perform Employee’s duties; (2) material breach of this Agreement; (3) misconduct, including but not limited to, use or possession of illegal drugs during work and/or any other action that is damaging or detrimental in a significant manner to the Company; (4) conviction of, or plea of guilty or nolo contendere to, a felony; or (5) failure to cooperate with, or any attempt to obstruct or improperly influence, any investigation authorized by the Board of Directors or any governmental or regulatory agency.

  • Volume Failure means, with respect to a particular date of determination, the aggregate daily dollar trading volume (as reported on Bloomberg) of the Common Stock on the Principal Market on any Trading Day during the twenty (20) Trading Day period ending on the Trading Day immediately preceding such date of determination (such period, the “Volume Failure Measuring Period”), is less than $2,000,000 (as adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions occurring after the Subscription Date). All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during such Volume Failure Measuring Period.

  • Substantial or essential component means any component necessary for the proper function or performance of a piece of equipment, system, or service.

  • Substantial emotional distress means significant mental suffering or anguish that may, but does not necessarily, require medical or other professional treatment or counseling.