Reportable Event definition: Copy, customize, and use instantly
Introduction
The term "Reportable Event" refers to an event or occurrence that must be disclosed or reported according to the terms of the contract, applicable laws, or regulations. It is essential for ensuring transparency and compliance, particularly in the context of financial reporting, regulatory obligations, or business operations.
Below are various examples of how "Reportable Event" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Reportable Event" as a regulatory requirement
This definition ties "Reportable Event" to the legal requirement of disclosure to regulatory bodies.
"Reportable Event" means any event, occurrence, or situation that, under applicable laws or regulations, must be disclosed to a regulatory authority or government body.
Definition of "Reportable Event" as a financial reporting obligation
This definition connects "Reportable Event" to its role in financial reporting.
"Reportable Event" refers to any financial occurrence or change that must be disclosed in accordance with the relevant accounting or financial reporting standards.
Definition of "Reportable Event" as a contractual obligation
This definition links "Reportable Event" to a specified contractual duty of disclosure.
"Reportable Event" means any event or change that, under the terms of this Agreement, must be reported to the other party within a specified timeframe.
Definition of "Reportable Event" as a business operational change
This definition applies "Reportable Event" to significant business or operational changes that require notification.
"Reportable Event" refers to any material change in the business, operations, or financial condition of a party that requires reporting under the terms of this Agreement.
Definition of "Reportable Event" as a regulatory requirement
This definition ties "Reportable Event" to the legal requirement of disclosure to regulatory bodies.
"Reportable Event" means any event, occurrence, or situation that, under applicable laws or regulations, must be disclosed to a regulatory authority or government body.
Definition of "Reportable Event" as a financial reporting obligation
This definition connects "Reportable Event" to its role in financial reporting.
"Reportable Event" refers to any financial occurrence or change that must be disclosed in accordance with the relevant accounting or financial reporting standards.
Definition of "Reportable Event" as a contractual obligation
This definition links "Reportable Event" to a specified contractual duty of disclosure.
"Reportable Event" means any event or change that, under the terms of this Agreement, must be reported to the other party within a specified timeframe.
Definition of "Reportable Event" as a business operational change
This definition applies "Reportable Event" to significant business or operational changes that require notification.
"Reportable Event" refers to any material change in the business, operations, or financial condition of a party that requires reporting under the terms of this Agreement.
Definition of "Reportable Event" as a change in ownership
This definition connects "Reportable Event" to changes in the ownership structure of a business.
"Reportable Event" means any change in ownership, control, or management of the party that must be disclosed in accordance with the provisions of this Agreement.
Definition of "Reportable Event" as a breach of contract
This definition links "Reportable Event" to a breach or failure to comply with contractual terms.
"Reportable Event" refers to any material breach or failure to perform obligations under this Agreement that requires notification to the other party.
Definition of "Reportable Event" as a financial distress
This definition ties "Reportable Event" to an event of financial distress or insolvency.
"Reportable Event" means any occurrence where a party is in financial distress, including bankruptcy or the filing of insolvency proceedings.
Definition of "Reportable Event" as a legal action
This definition applies "Reportable Event" to legal actions that could affect the contract.
"Reportable Event" refers to any legal action, lawsuit, or proceeding that could materially affect the ability of a party to perform under the terms of this Agreement.
Definition of "Reportable Event" as a regulatory inquiry
This definition connects "Reportable Event" to inquiries or investigations by regulatory authorities.
"Reportable Event" means any inquiry, investigation, or proceeding by a regulatory authority that could impact the terms of this Agreement.
Definition of "Reportable Event" as an environmental incident
This definition links "Rportable Event" to incidents that have environmental implications.
"Reportable Event" refers to any incident that results in environmental harm or violation of environmental regulations that must be reported to the appropriate authorities.
Definition of "Reportable Event" as a change in financial condition
This definition applies "Reportable Event" to material changes in a party’s financial condition.
"Reportable Event" means any change in the financial condition, including liquidity or solvency, of a party that must be disclosed to the other party.
Definition of "Reportable Event" as a material loss
This definition ties "Reportable Event" to a significant loss that must be reported.
"Reportable Event" refers to any material loss or damage to assets, property, or business operations that requires immediate reporting.
Definition of "Reportable Event" as a merger or acquisition
This definition connects "Reportable Event" to corporate mergers or acquisitions.
"Reportable Event" means any merger, acquisition, or similar transaction involving the party that affects the structure or operations of the business.
Definition of "Reportable Event" as a change in key personnel
This definition links "Reportable Event" to changes in key leadership positions.
"Reportable Event" refers to any change in key personnel or executives of a party that could impact the execution of contractual obligations.
Definition of "Reportable Event" as a breach of warranties
This definition ties "Reportable Event" to the breach of specific warranties under the agreement.
"Reportable Event" means any breach of warranty or representation made in the Agreement that must be disclosed to the other party.
Definition of "Reportable Event" as a change in business operations
This definition applies "Reportable Event" to significant operational changes within the business.
"Reportable Event" refers to any material change in the business operations or strategy that could impact the performance under the Agreement.
Definition of "Reportable Event" as a third-party claim
This definition connects "Reportable Event" to claims made by third parties that affect the party’s obligations.
"Reportable Event" means any claim, demand, or legal action by a third party that could affect the party’s performance under the terms of this Agreement.
Definition of "Reportable Event" as a default under another agreement
This definition links "Reportable Event" to defaults under separate agreements.
"Reportable Event" refers to any default or failure to perform under any other agreement involving the party that may affect the contract’s execution.
Definition of "Reportable Event" as a loss of licenses or permits
This definition applies "Reportable Event" to the loss or suspension of licenses or permits.
"Reportable Event" means the loss, suspension, or revocation of any license, permit, or certification necessary for the party to fulfill its obligations under the Agreement.
Definition of "Reportable Event" as a cybersecurity breach
This definition ties "Reportable Event" to cybersecurity-related incidents.
"Reportable Event" refers to any breach or incident involving the unauthorized access, loss, or disclosure of data that could impact the security of the party's systems or information.
Definition of "Reportable Event" as a regulatory compliance requirement
This definition ties "Reportable Event" to legal and regulatory reporting obligations.
"Reportable Event" means any occurrence that must be disclosed under applicable laws, regulations, or regulatory guidelines, including financial restatements, compliance breaches, or material business changes.
Definition of "Reportable Event" as a financial reporting obligation
This definition connects "Reportable Event" to financial disclosures.
"Reportable Event" refers to any material financial transaction, audit finding, or accounting irregularity that requires disclosure to investors, auditors, or regulatory authorities.
Definition of "Reportable Event" as a pension plan-related occurrence
This definition applies "Reportable Event" to pension plans under ERISA regulations.
"Reportable Event" means any event related to an employee pension plan that triggers mandatory reporting under ERISA, including plan terminations, funding deficiencies, or substantial employer withdrawals.
Definition of "Reportable Event" as a corporate governance disclosure
This definition ties "Reportable Event" to internal corporate governance policies.
"Reportable Event" refers to any material change in corporate leadership, governance structure, or control that must be reported to shareholders, regulatory bodies, or other stakeholders.
Definition of "Reportable Event" as a security breach notification
This definition connects "Reportable Event" to cybersecurity and data breach incidents.
"Reportable Event" means any unauthorized access, data breach, or security incident that requires notification to regulatory authorities, affected parties, or other designated entities.
Definition of "Reportable Event" as a material contract breach
This definition applies "Reportable Event" to significant contract violations.
"Reportable Event" refers to any breach of a material contract term, including failure to meet performance obligations, non-payment, or other conditions requiring disclosure.
Definition of "Reportable Event" as an environmental compliance violation
This definition ties "Reportable Event" to environmental laws and sustainability initiatives.
"Reportable Event" means any violation of environmental regulations, hazardous material spills, or other ecological incidents requiring disclosure to regulatory bodies.
Definition of "Reportable Event" as a risk management trigger
This definition connects "Reportable Event" to business risk and insurance policies.
"Reportable Event" refers to any event that may significantly impact the company's risk exposure, including litigation, major losses, or force majeure events.
Definition of "Reportable Event" as a healthcare regulatory disclosure
This definition applies "Reportable Event" to healthcare and pharmaceutical compliance.
"Reportable Event" means any incident in the healthcare or pharmaceutical industry requiring disclosure under regulatory frameworks, including adverse drug reactions, patient safety concerns, or licensing violations.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.