Material Credit Party definition

Material Credit Party means at any point of determination any Credit Party and its direct and indirect Subsidiaries, which account for, individually or in the aggregate, more than 10.00% of the annual aggregate revenue of the Consolidated Companies as measured on a trailing 12-month basis.

Material Credit Party has the meaning set forth in paragraph (f) of Article 7.

Material Credit Party means Ultimate Parent, First Intermediate Parent, Second Intermediate Parent, Third Intermediate Parent, Borrower and each other Store Guarantor that operates more than twelve (12)

Examples of Material Credit Party in a sentence

• Both before and after giving effect to (a) the Revolving Loan, Eligible Trade L/C Obligations and Letter of Credit Obligations, including the Prior Loans outstanding, (b) the disbursement of the proceeds of such Loan pursuant to the instructions of Borrower, (c) the payment and accrual of all transaction costs in connection with the foregoing, each Material Credit Party is Solvent.

• At any time, the Administrative Agent may change its decision in respect of the granting of a guarantee and security by any such Material Credit Party.

• Each such Metal Purchase Contract is in full force and effect and constitutes a legal, valid and binding agreement, enforceable against the applicable Material Credit Party and against each other party thereto by the parties to such Metal Purchase Contract in accordance with its terms subject to standard enforceability qualifications.

• Each Material Credit Party has all necessary power, authority and legal right to execute, deliver and perform its obligations under the Credit Documents to which it is a party, has duly authorized by all necessary action the execution, delivery and performance of its obligations under such Credit Documents and has duly and validly executed and delivered the Credit Documents to which it is a party.

• Both before and after giving effect to (a) the -------- Revolving Loan, Eligible Trade L/C Obligations and Letter of Credit Obligations, including the Prior Loans outstanding, (b) the disbursement of the proceeds of such Loan pursuant to the instructions of Borrower, (c) the payment and accrual of all transaction costs in connection with the foregoing, each Material Credit Party is Solvent.

More Definitions of Material Credit Party

Material Credit Party means the Parent, the Company, and any Subsidiary which constitutes at least 5% (10% for any Foreign Subsidiary) of the consolidated revenues or net income, or the total assets, of the Parent and its Subsidiaries taken as a whole, as of the end of and for the period of four consecutive fiscal quarters most recently ended prior to the date of determination.

Material Credit Party means (i) the Borrower and (iii) any other Credit Party at any time whose assets at the time of determination constitute five percent (5%) or more of the assets of the Consolidated Group or whose revenues at the time of determination constitute five percent (5%) or more of the revenues of the Consolidated Group.

Material Credit Party means each of Borrower, Parent, Payless Missouri and any other Credit Party other than Immaterial Subsidiaries.

Material Credit Party means any Credit Party that represents a material portion of the Credit Parties taken as a whole.

Material Credit Party shall have the meaning ascribed to it in Section 6.1(k).

Material Credit Party means Ultimate Parent, First Intermediate --------------------- Parent, Second Intermediate Parent, Third Intermediate Parent, Borrower and each other Store Guarantor that operates more than twelve (12)

Material Credit Party means (i) any direct or indirect Subsidiary which has EBITDA, as defined below, greater than 5% of Consolidated EBITDA (calculated for the most recent period for which the Agent has received the financial information required under Section 8.1) and (ii) for purposes of clause (ii) of the definition of Material Adverse Effect, all direct and indirect Subsidiaries, including without limitation each Material Subsidiary under (i) above, which, collectively, have EBITDA equal to or greater than 95% of Consolidated EBITDA (as calculated under (ii) above). For purposes of this definition, "EBITDA" means, with respect to any Subsidiary, Consolidated EBITDA as calculated for such Subsidiary without regard to the Borrower or any other Subsidiary. "Moody's" means Moody's Investorx Xxxxxces, Inc. "Multiemployer Plan" means a "multiemployer plan" as defined in Section 4001(a)(3) of ERISA to which the Borrower or any ERISA Affiliate is making, or is accruing an obligation to make, contributions or has made, or been obligated to make, contributions within the preceding six (6)