Material Company definition
Material Company means, at any time:
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 has the meaning assigned to such term in clause (g) of Article VII.
Examples of Material Company in a sentence
Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a Material Company having an aggregate value in excess of EUR 20,000,000 (or its equivalent in any other currency or currencies) and is not discharged within 20 Business Days.
More Definitions of Material Company
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.
Material Company means, at any time: (a) an Obligor; or
Material Company means Mondi Limited or any Material Subsidiary.
Material Company means each Obligor, each member of the Group which is the direct Holding Company of an Obligor and any Subsidiary of the Issuer which has:
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 each Obligor and each Material Subsidiary.
Material Company means, at any time, a Subsidiary of the Company which: