Immaterial Guarantor means a Guarantor designated as an “Immaterial Guarantor” on Schedule 6.11, as such schedule may be amended from time to time, and that is not required to be a Guarantor pursuant to Section 7.09(b).
Immaterial Guarantor means a Guarantor (other than the Parent or any Borrower) that is not a Material Wholly-Owned Subsidiary.
Immaterial Guarantor. (a) any Subsidiary Guarantor that (x) contributed not in excess of 2.5% of EBITDA for the period of four fiscal quarters most recently ended for which financial statements have been or are required to have been delivered pursuant to Subsection 7.1(a) or 7.1(b) prior to the date of determination, and (y) had consolidated assets representing not in excess of 2.5% of Consolidated Total Assets; and
Examples of Immaterial Guarantor in a sentence
There shall be no bankruptcy or insolvency proceeding with respect to any Credit Party other than an Immaterial Guarantor.
More Definitions of Immaterial Guarantor
Immaterial Guarantor means any Guarantor that is an Immaterial Subsidiary.
Immaterial Guarantor means a Guarantor that does not satisfy the Threshold Amount.
Immaterial Guarantor means a Guarantor (other than the Parent or any Applicant) that is not a Material Wholly-Owned Subsidiary.
Immaterial Guarantor means any Guarantor other than a Material Guarantor.
Immaterial Guarantor means, as of any date of determination, any Guarantor which contributed less than 3% of Consolidated EBITDA for the period of four consecutive Fiscal Quarters ending on the last day of the most recent Fiscal Quarter for which financial statements have been delivered pursuant to Section 5.01(a) or Section 5.01(b).
Immaterial Guarantor means a Guarantor (other than the Issuer) which meets both of the following criteria:
Immaterial Guarantor means a Guarantor designated as an “Immaterial Guarantor” on Schedule 6.11, as such schedule may be amended from time to time, and that is not required to be a Guarantor pursuant to Section 7.09(b). “Incremental Credit Facilities” has the meaning specified in Section 2.01(c). “Incurrence Based Amounts” has the meaning specified in Section 1.08(b). “Indebtedness” means, with respect to any Person, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds (excluding performance, payment and other surety bonds incurred in the ordinary course of business), debentures, notes or similar instruments, or upon which interest payments are customarily made, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property purchased by such Person (other than customary reservations or retentions of title under agreements with suppliers