Guarantor Material Subsidiary definition

Guarantor Material Subsidiary means a Subsidiary of the Guarantor whose total assets or total revenue (consolidated in the case of a Subsidiary which has Subsidiaries) as at the date at which its latest audited financial statements were prepared or, as the case may be, for the financial period to which these audited financial statements relate, account for 5 per cent. or more of the consolidated assets or consolidated revenue of the Guarantor as at such date or for such period. If a Guarantor Material Subsidiary transfers all of its assets and business to another Subsidiary of the Guarantor, the transferee shall become a Guarantor Material Subsidiary and the transferor shall cease to be a Guarantor Material Subsidiary on completion of such transfer;
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Guarantor Material Subsidiary as defined herein, (v) all references to "subsidiary" therein shall mean and be a reference to "Subsidiary" as defined herein, and (vi) all references to "this Agreement", "herein", "hereunder" and words of similar import therein shall mean and be a reference to this Guaranty. No amendment, modification or supplement to such representations or warranties or definitions made to the Existing Parent Facility shall be effective to amend such representations and warranties or definitions as incorporated by reference herein except as otherwise provided in Section 2.7(g) of this Guaranty.
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Guarantor Material Subsidiary means any Subsidiary of a Guarantor if either (i) such Subsidiary (and its Subsidiaries) have consolidated gross revenues which exceed 5% of the gross revenues of the Guarantors and their Subsidiaries on a consolidated basis or (ii) such Subsidiary (and its Subsidiaries) have consolidated total assets which exceed 5% of the total assets of the Guarantors and their Subsidiaries on a consolidated basis, such calculation to be made on the basis of the most recent audited consolidated financial statements for the Guarantors and their Subsidiaries and of such Subsidiary.
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Examples of Guarantor Material Subsidiary in a sentence

  • Each Guarantor, Material Subsidiary and Unrestricted Subsidiary as of the Closing Date has been so designated on Schedule 8.12.

  • Each Guarantor, Material Subsidiary and Unrestricted Subsidiary as of the Closing Date (after giving effect to the Transactions) has been so designated on Schedule 8.11.

  • Each Guarantor, Material Subsidiary and Unrestricted Subsidiary as of the Closing Date (after giving effect to the Transactions) has been so designated on Schedule 5.11.

  • Each Guarantor, Material Subsidiary and Unrestricted Subsidiary as of the Funding Date has been so designated on Schedule 9.12.

  • Each Guarantor, Material Subsidiary and Unrestricted Subsidiary as of the Initial Closing Date has been so designated on Schedule 7.12.

  • Each Guarantor, Material Subsidiary and Excluded Subsidiary as of the Closing Date (after giving effect to the Transactions) has been so designated on Schedule 1.1(c).

  • Each Subsidiary Guarantor, Material Subsidiary and Unrestricted Subsidiary as of the Effective Date (after giving effect to the Transactions) has been so designated on Schedule 8.11.

  • As of the most recent valuation date for each Multiemployer Plan, the potential liability of any Loan Party or any Parent Guarantor Material Subsidiary and their respective ERISA Affiliates for a complete withdrawal from such Multiemployer Plan (within the meaning of Section 4203 or Section 4205 of ERISA), when aggregated with such potential liability for a complete withdrawal from all Multiemployer Plans, is zero.

  • Each Subsidiary Guarantor, Material Subsidiary and Unrestricted Subsidiary as of the Closing Date (after giving effect to the Transactions) has been so designated on Schedule 7.12.

  • Each Guarantor, Material Subsidiary and Unrestricted Subsidiary as of the ClosingEighth Amendment Effective Date has been so designated on Schedule 8.


More Definitions of Guarantor Material Subsidiary

Guarantor Material Subsidiary as defined in the Guaranty, all references to "subsidiary" therein shall mean and be a reference to "Subsidiary" as defined herein, all references to "Instructing Group" therein shall mean and be a reference to "Requisite Lenders" as defined herein, and all references to "Agreement" shall mean and be a reference to the Guaranty; provided, further, that no amendment, modification or supplement to such provisions or definitions made to the Existing Parent Facility, or the termination, refinancing or replacement of the Existing 77 $650,000,000 CREDIT AGREEMENT Parent Facility, shall be effective to amend such provisions or definitions as incorporated by reference herein; provided, however, that this Section 7.5(ii) will be deemed modified (without the consent of any Person) to the extent necessary to incorporate by reference any such respective amendment, modification or supplement to the Existing Parent Facility which contains provisions more favorable to the Lenders; or
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Guarantor Material Subsidiary as defined in the Guaranty, all references to "subsidiary" therein $1,100,000,000 CREDIT AGREEMENT
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