Material Company means, at any time:
Material Company has the meaning assigned to such term in clause (g) of Article VII.
Material Company means the Issuer and each Group Company representing more than five per cent. of the EBITDA, turnover or consolidated gross assets on a consolidated basis (for the avoidance of doubt, excluding any intra group transactions) of the Group according to the latest Financial Report for the Group.
Examples of Material Company in a sentence
Guarantor Coverage 21.17.1. Each Obligor shall ensure that: 21.17.1.1. any member of the Group which is a Material Company as at the Effective Date, is a Guarantor; and 21.17.1.2. any member of the Group which becomes a Material Company after the Effective Date becomes a Guarantor in accordance with Clause 23.2 (Additional Guarantors).
At the request of the Agent, the Borrower shall, when it delivers a Compliance Certificate, include a report certified by the Chief Financial Officer of the Group, confirm which of its Subsidiaries is a Material Company and confirming compliance with Clause 21.17 (Guarantor coverage) in any Compliance Certificate as at the last day of the Measurement Period to which the Compliance Certificate relates.
More Definitions of Material Company
Material Company means (i) any Loan Party, (ii) any Group Member that is listed in Schedule 1.01(g) or (iii) any Group Member that has (x) Group Member Adjusted EBITDA or (y) Group Member Assets representing, respectively, 5% or more of Consolidated Adjusted EBITDA or Consolidated Total Assets. For this purpose:
Material Company means Mondi Limited or any Material Subsidiary.
Material Company means any member of the Group (other than an Obligor and a Project Finance Subsidiary) which:
Material Company means, at any time, a Subsidiary of the Company which:
Material Company means the Issuer and each Group Company holding shares in an Guarantor and any member of the Group which has earnings before interest, tax, depreciation and amortisation (calculated on the same basis as EBITDA) or total assets (in each case excluding any intra group transactions) representing ten per cent. or more of consolidated EBITDA or the consolidated total assets of the Group. To be tested quarterly based on the latest unaudited (or in the case of annual financial, audited) consolidated financial statements of the Group.
Material Company means the Parent and any Restricted Subsidiary whose total assets, sales or EBITDA on a standalone basis represents 5% of consolidated total assets, consolidated sales or Consolidated EBITDA (excluding intra-group items and investments in Subsidiaries) as of the relevant test date under Section 4.07(c).
Material Company means (i) any Group Member that is listed in Schedule 1.01(g) or (ii) any Group Member that has (x) Group Member Adjusted EBITDA or (y) Group Member Assets representing, respectively, 5% or more of Consolidated EBITDA or Consolidated Total Assets. For this purpose: