Examples of Material Companies in a sentence
Subject to the Agreed Security Principles, all Material Companies (other than those incorporated in The People’s Republic of China, the Czech Republic and the Slovak Republic) which are members of the Restricted Group are Guarantors.
Subsidiaries designated as or otherwise becoming Material Companies pursuant to the preceding sentence shall for all purposes of this Agreement cease to be Immaterial Companies and constitute Material Companies.
Subject to any legal restrictions on granting of Security and/or guarantees, the Issuer shall, and/or shall procure that each other Group Company will, provide Security over the shares of each Material Company no later than ninety (90) calendar days after its nomination as a Material Company in accordance with Clause 14.15 (Nomination of Material Companies).
Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of any Material Company having an aggregate value (for the Material Companies taken as a whole) of US$1,000,000 (or its equivalent in any other currency) which is not frivolous or vexatious and is not discharged within fifteen (15) days.
Annex 7.2.10 lists all real estate occupied by the Target or the Material Companies, specifying whether it is owned or is leased.