Sentence examples for a material violation from inspiring English sources

He asked, for example, what constitutes a material violation of securities law and what is an appropriate response by a company?

The law requires lawyers to report "evidence of a material violation of securities law or breach of fiduciary duty," first to a company's general counsel, then to its chief executive and ultimately to its directors.

The law does not specify what "evidence of a material violation" means, nor when a company executive has failed to "appropriately respond to the evidence," requiring the lawyer to go to a more senior executive or to the board.

The new corporate oversight legislation obligates lawyers to report "evidence of a material violation of securities law or breach of fiduciary duty" to a company's general counsel, chief executive or, if necessary, its board of directors.

Corporate governance legislation passed earlier this summer ordered the securities agency to draft rules requiring lawyers "to report evidence of a material violation of securities law" to a company's general counsel and then, if the general counsel does not "appropriately respond," to the company's audit committee or its board of directors.

No high-cost mortgage may contain a provision which permits the creditor to accelerate the indebtedness, except when repayment of the loan has been accelerated by default in payment, or pursuant to a due-on-sale provision, or pursuant to a material violation of some other provision of the loan document unrelated to payment schedule.

As the unfiled complaint continued, "JPMorgan knowingly securitized and sold billions of dollars of mortgage loans that were originated in material violation of underwriting guidelines and law".

A 2015 study reported that more than 200 charters have closed in California, nearly one out of every five that have opened, due to a range of issues including financial mismanagement, unsafe school conditions, and material violations of the law.

They included requirements for greater board independence, increased audit committee responsibilities, codes of ethics covering company e financial officers, CEO certification of financial statements, an independent audit of a company's system of internal control over financial reporting, and more instances in which in-house counsel would have to report material violations to the SEC.

Hutcheson v. Blackstone Medical, Inc., imposes liability when a contractor submits a claim and fails to disclose its violation of a material contractual, statutory, or regulatory provision, regardless of whether the provision was an express condition of payment.

(b) Any unauthorized departure from an operating schedule which is required to be filed with the FCC in Washington, DC, will be considered as a violation of a material term of the license.