Does a LOI constitute a material event?
Does a contract that is signed that includes provisions that say it will not go into effect until certain events occur constitute a material event?
Does the above become a material event once all of the provisions are met?
Of the three above items I think only the last is a material event.
Fear, Uncertainty, and Doubt. We create it not because it's our job, but because it is our passion. Apply where needed.