Active Subsidiary means a Subsidiary of the Borrower that is not an Inactive Subsidiary.

Active Subsidiary means each Subsidiary which, as of the most recent fiscal quarter of the Parent, for the period of four (4) consecutive fiscal quarters then ended for which financial statements have been delivered pursuant to Section 6.1, contributed greater than 2% of the Parent’s Consolidated EBITDA for such period or greater than 2% of the Parent’s total assets as of the end of such period.

Active Subsidiary means, (a) with respect to the Offshore Subsidiaries, each Offshore Subsidiary other than an Offshore Subsidiary that (i) does not trade (for itself or any other person), (ii) does not own, legally or beneficially, any material assets (including any Indebtedness owed to it), and (iii) is not subject to any material liabilities, and (b) with respect to the Onshore Subsidiaries, each Onshore Subsidiary that accounted for more than one percent (1%) of the net revenue or total operating expenses of the Company and its Subsidiaries on a consolidated basis during the nine-month period ended September 30, 2012.

Examples of Active Subsidiary in a sentence

If a KGEM Active Subsidiary has yet to purchase land, that subsidiary will be considered to have one facility.The initial term of the agreement is ten years and is automatically renewable.
Notwithstanding the foregoing, but subject to the terms of this Agreement, the Borrower shall be allowed to dissolve and liquidate any Inactive Subsidiary; provided that any assets available for distribution following such dissolution and liquidation are distributed to the Borrower or an Active Subsidiary.
The Company has made available to Parent a complete and correct copy of the certificate of incorporation and the bylaws (or similar organizational documents), as in effect as of the date of this Agreement, of the Company and each Active Subsidiary.
Each Subsidiary listed in Part A of Schedule 7.13 is an Active Subsidiary and each Subsidiary listed in Part B of Schedule 7.13 is a Dormant Subsidiary.
She asked when she can get back into her home to make necessary repairs.

More Definitions of Active Subsidiary

Active Subsidiary means each Subsidiary of the Company other than a Subsidiary which (i) accounted for less than three percent (3%) of the net revenue or total operating expenses of the Group Companies on a consolidated basis for the year ended December 31, 2014, (ii) does not own, legally or beneficially, any material assets (including any Indebtedness owed to it), and (iii) is not subject to any material liabilities.

Active Subsidiary means each Subsidiary of the Domestic Borrower that has any assets, liabilities or conducts any business whatsoever.

Active Subsidiary means a Subsidiary that has total assets of at least $500,000.

Active Subsidiary means any Subsidiary which owns any material assets or is engaged in any operations or business.

Active Subsidiary means each Subsidiary of the Company other than a Subsidiary which (i) accounted for less than ten percent (10%) of the net revenue or total operating expenses of the Group Companies on a consolidated basis for the year ended December 31, 2020, (ii) does not own, legally or beneficially, any material assets (including any Indebtedness owed to it), and (iii) is not subject to any material liabilities.

Active Subsidiary means a Subsidiary of the Borrower that is then doing business of any kind.

Active Subsidiary means individually, and Active Subsidiaries shall mean collectively, (i) each Subsidiary of the Borrower shown on Schedule 4.1 hereof as being an Active Subsidiary as of the Closing Date and (ii) each other Subsidiary of the Borrower which at any time in the future (A) becomes an Accredited Subsidiary or (B) has revenues (on a consolidated basis) of $300,000 or more in any Fiscal Year.