Insignificant Subsidiary definition

Insignificant Subsidiary means, on any date, any Subsidiary of Caterpillar or CFSC whose aggregate asset value, as reasonably calculated by Caterpillar in accordance with generally accepted accounting principles, is at less than or equal to $50,000,000 on such date.

Insignificant Subsidiary means, at any time, any Subsidiary of the Borrower that is not a “significant subsidiary” within the meaning of Rule 405 of the Securities Act of 1933, as amended, in each case determined as of the most recently ended Test Period as of such time.

Insignificant Subsidiary means any Subsidiary of the Company that has total assets of not more than $1.0 million and that is designated by the Company as an “Insignificant Subsidiary;” provided that the total assets of all Subsidiaries that are so designated, as reflected on the Company’s most recent consolidating balance sheet prepared in accordance with GAAP, may not in the aggregate at any time exceed $10.0 million.

Examples of Insignificant Subsidiary in a sentence

• List (the "Other Subsidiaries") shall be deemed a Limited Group Member unless the Trustee shall have received a certificate of two Authorised Signatories delivered to it by the Issuer within three Business Days of a request by the Trustee confirming that such Subsidiary is or was at such time or during such period an Insignificant Subsidiary.

• The Chair recognized Vice Chair, who inquired about Rincon Consultants (BBGHAD Biologist) and the impact it will have on the BBGHAD’s dealing with the CCC.

• Notwithstanding anything contained herein or in the other Loan Documents to the contrary, permit an Insolvent Insignificant Subsidiary to, and no Insolvent Insignificant Subsidiary shall be entitled to, borrow any Revolving Credit Loans or request Letters of Credit for its account or receive any proceeds of Revolving Credit Loans for its benefit.

• Proposed Rule 17.01(1)(b) In the case of a Share Scheme involving Share Grants by an Insignificant Subsidiary of an issuer, the adoption of the scheme and refreshment of scheme mandate may be exempt from the shareholders’ approval requirement under Chapter 17, if (i) they are approved by the remuneration committee of the issuer; (ii) the scheme complies with other requirements of Chapter 17; and (iii) the subsidiary is, and remains to be, an Insignificant Subsidiary.

• If a subsidiary no longer qualifies as an Insignificant Subsidiary (based on the percentage ratios calculated based on the latest published financial statements) after the adoption of a Share Scheme, the issuer must comply with all Chapter 17 requirements from that day onwards, including obtaining the approval of its shareholders for any subsequent refreshment of the scheme mandate under the subsidiary’s scheme.

More Definitions of Insignificant Subsidiary

Insignificant Subsidiary means any Subsidiary of the Borrower that has total assets of not more than $5,000,000 and that is designated by the Borrower as an “Insignificant Subsidiary,” provided that the total assets of all Subsidiaries that are so designated, as reflected on the Borrower’s most recent consolidating balance sheet prepared in accordance with GAAP, may not in the aggregate at any time exceed $25,000,000.

Insignificant Subsidiary means a Foreign Subsidiary having assets with a book value of $10,000,000 or less.

Insignificant Subsidiary means any Subsidiary, other than any Designated Subsidiary Borrower or any party to the Subsidiary Guaranty, which has assets, earnings or revenues which, if aggregated with the assets, earnings or revenues, as the case may be, of all other Subsidiaries of the Parent Borrower with respect to which an event described under Section 8.01(e) has occurred and is continuing, would have assets, earnings or revenues, as the case may be, in an amount less than 10% of the consolidated assets, earnings or revenues, as the case may be, of the Parent Borrower and its Subsidiaries as of the end of the most recent fiscal quarter of the Parent Borrower for which financial statements are available.

Insignificant Subsidiary means any Subsidiary of the Company that (i) has assets aggregating $1,000,000 or less and (ii) does not have any creditor that is the beneficiary of a guaranty of the Company or any of its Subsidiaries.

Insignificant Subsidiary means, at any time, a Subsidiary of the Parent, of which either (or both):

Insignificant Subsidiary means any Subsidiary designated by the Company as an “Insignificant Subsidiary”; provided that the total assets of all Subsidiaries that are so designated do not in the aggregate at any time exceed 3% of the assets of the Company and its consolidated Subsidiaries as reflected on the Company’s most recent consolidated balance sheet prepared in accordance with GAAP.

Insignificant Subsidiary means any Subsidiary of the Borrower that has total assets of not more than $10,000,000 and that is designated by the Borrower as an “Insignificant Subsidiary”, provided that the total assets of all Subsidiaries that are so designated, as reflected on the Borrower’s most recent consolidating balance sheet prepared in accordance with GAAP, may not in the aggregate at any time exceed $35,000,000.