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.

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

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.
No Material Credit Party nor, to the knowledge of the Material Credit Parties, any other party to any such Metal Purchase Contract, is in violation or breach of, or in default under, nor has there occurred an event or condition that with the passage of time or giving of notice (or both) would constitute a default under, or permit the termination of, any such Metal Purchase Contract, except where such breaches or defaults are not, individually or in the aggregate, material.
Except for filings or registrations required to perfect the Security, no authorization, approval or consent of, nor any filing or registration with, any governmental or regulatory authority or agency, is necessary for the execution, delivery or performance by each Material Credit Party of the Credit Documents to which it is a party or to ensure the legality, validity or enforceability thereof.
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.
Both before and after giving effect to (a) the Revolving Loan, Eligible Trade L/C Obligations and Letter of Credit Obligations to be made or incurred on the Closing Date, (b) the disbursement of the proceeds of such Loans pursuant to the instructions of Borrower, (c) the consummation of the Related Transactions and (d) 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 shall have the meaning ascribed to it in Section 6.1(k).

Material Credit Party means a Borrower, LGSI, UTSI, or any other Guarantor of Payment that shall represent more than five percent (5%) of Combined EBITDA.

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

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

Material Credit Party means Newco, Parent, First Intermediate Parent, Second Intermediate Parent, Borrower, Bermans, House of Suede, and each other Store Guarantor that operates more than twelve (12)