Examples of Consolidated Group Entities in a sentence
The properties of the Covenant Entities are insured with financially sound and reputable insurance companies not Affiliates of any of the Consolidated Group Entities, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where such Person operates.
Maintain proper books of record and account, in which entries that are full, true and correct in all material respects and are in conformity with GAAP consistently applied shall be made of all material financial transactions and matters involving the assets and business of the Consolidated Group Entities.
On the Closing Date, after giving effect to the Transactions the Consolidated Group Entities are Solvent.
Any Covenant Entity or any Loan Party becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of the Consolidated Group Entities, taken as a whole, and is not released, vacated or fully bonded within 60 days after its issue or levy; or Judgments.
The Final Tax Adjusting Amount Schedule shall be prepared in accordance with IFRS applied on a basis consistent with past accounting principles of the Consolidated Group Entities as at the Locked Box Date as applied in the past.
The Neutral Expert shall not be authorized to decide on the interpretation of this Agreement and its role shall be limited to reviewing the accuracy of calculations and determining if the accounting practices of the Consolidated Group Entities have been correctly applied.
To the Sellers' Knowledge and except where failure to do so did not result in expenses (Aufwand) for the Consolidated Group Entities in excess of EUR 250,000 (in words: Euro two hundred and fifty thousand) in the individual case, (i) all premiums due under each such Insurance Contract have been timely paid, and (ii) all Material Group Entities are in compliance with the terms of such Insurance Contracts.
The Audited Financial Statements (i) were prepared in accordance with GAAP, except as otherwise expressly noted therein and (ii) fairly present in all material respects the financial condition of Consolidated Group Entities as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP, except in the case of clauses (i) and (ii), as disclosed to the Administrative Agent prior to the Closing Date.
With respect to the Consolidated Group Entities, in calculating financial ratios or results of operations, or financial performance in any manner (including without limitation the calculation of Excess Cash Flow) and for financial reporting purposes, the consolidated financial position and consolidated results of operations of each Variable Interest Entity of Nexstar Media shall be included, without duplication.