Material Financial Obligation definition

Material Financial Obligation means a principal amount of Debt and/or payment obligations in respect of any Hedge Agreement of the Parent and/or one or more of its Subsidiaries arising in one or more related or unrelated transactions exceeding in the aggregate $25,000,000.

Material Financial Obligation means Indebtedness, Attributable Indebtedness, Contingent Obligations and obligations under Swap Contracts of the Borrower or any Subsidiary, and obligations of the Borrower or any Subsidiary in respect of any Securitization Transaction, in an aggregate amount (or, in the case of a Swap Contract, having a Swap Termination Value), for all such Indebtedness, Attributable Indebtedness, Contingent Obligations, obligations under Swap Contracts and obligations in respect of Securitization Transactions, but without duplication, equal to $100,000,000 or more.

Material Financial Obligation has the meaning provided in Section 7.01(j).

Examples of Material Financial Obligation in a sentence

• None of the Borrower or any of its Subsidiaries is in default in any manner under any provision of any Material Financial Obligation, or any other material agreement or instrument to which it is a party or by which it or any of its properties or assets are or may be bound, where such default could reasonably be expected to have a Material Adverse Effect.

• The Borrower is not in default of the payment of any Material Financial Obligation to which he is a party.

• The Borrower is not in default of the payment of any Material Financial Obligation to which he or it, as applicable, is a party.

• None of the Borrower or any of the Subsidiaries is in default in any manner under any provision of any Material Financial Obligation, or any other material agreement or instrument to which it is a party or by which it or any of its properties or assets are or may be bound, where such default could reasonably be expected to have a Material Adverse Effect.

• No Borrower nor any Subsidiary is in default under any material agreement by which it is bound, which default might lead to a Material Adverse Change, or is in default of any Material Financial Obligation.

More Definitions of Material Financial Obligation

Material Financial Obligation means Indebtedness, Attributable Indebtedness, Contingent Obligations and obligations under Swap Contracts of the Borrower or any Subsidiary, and obligations of the Borrower or any Subsidiary in respect of any Securitization Transaction, in an aggregate amount (or, in the case of a Swap Contract, having a Swap Termination Value), for all such Indebtedness, Attributable Indebtedness, Contingent Obligations, obligations under Swap Contracts and obligations in respect of Securitization Transactions, but without duplication, equal to $200,000,000 or more, including, without limitation, Indebtedness under the Existing 2021 Credit Agreement.

Material Financial Obligation means a principal or face amount of Debt and/or payment obligations in respect of any Derivative Obligations of the Issuer and/or one or more if to Subsidiaries, arising in one or more related or unrelated transactions, exceeding in the aggregate $250,000.

Material Financial Obligation is defined in Section 7.5.

Material Financial Obligation means Indebtedness of the Borrower or any Subsidiary, or obligations of the Borrower or any Subsidiary in respect of any Securitization Transaction, in an aggregate amount (for all applicable Indebtedness and obligations in respect of Securitization Transactions, but without duplication) equal to $10,000,000 or more.

Material Financial Obligation means with respect to any Security Party a principal or face amount of Debt (in the case of Derivatives Obligations, determined in respect of any counterparty on a net basis), and arising in one or more related or unrelated transactions, exceeding in the aggregate $20,000,000 (or its equivalent in any other currency);

Material Financial Obligation means an obligation in respect of an amount or amounts exceeding $100,000 (per event) adjusted by movements in CPI in accordance with clause 7. Material Leases means each of the leases referred to in Schedule 5.

Material Financial Obligation means a principal or face amount of Debt and/or payment or collateralisation obligations in respect of Derivatives Obligations of the Company and/or one or more of its Subsidiaries, arising in one or more related or unrelated transactions exceeding in the aggregate of $50,000,000. Material Subsidiary means, at any time, a Subsidiary of the Company whose total assets (or in the case of any Subsidiary which itself has Subsidiaries, the consolidated total assets of such Subsidiary and its Consolidated Subsidiaries) are at least 2 per cent. of the consolidated total assets of the Company and its Consolidated Subsidiaries, as shown by the financial statements then most recently delivered pursuant to Clause 20.1(Financial Information).