Material Group Company definition

Material Group Company means, at any time:

Material Group Company means the Issuer or a Subsidiary representing more than 10.00 per cent. of either (i) the total assets of the Group on a consolidated basis (for the avoidance of doubt, excluding any intra-group transactions) or (ii) the EBITDA of the Group on a consolidated basis according to the latest Financial Report.

Material Group Company means the Issuer or a Subsidiary representing more than10.00 per cent. of the total assets or EBITDA of the Group on a consolidated basis according to the latest Financial Report.

Examples of Material Group Company in a sentence

• The Issuer or any other Material Group Company ceases to carry on its business if such discontinuation is likely to have a Material Adverse Effect.

• The Company has adopted IFRS 16 as at January 1, 2019, using the modified retrospective method upon transition with no restatement of comparative financial information.

• Each Material Group Company has adopted and complies with an environmental policy which requires monitoring of and compliance with all applicable Environmental Law and Environmental Permits applicable to it from time to time unless non-compliance with such policy could not reasonably be expected to cause a Material Adverse Effect.

• No Environmental Claim (not of a frivolous or vexatious nature) has been commenced or (to the best of its knowledge and belief) is threatened against any Material Group Company where that claim would be reasonably likely, if determined against that Material Group Company, to have a Material Adverse Effect.

• Each Material Group Company shall do all such things as are necessary to maintain its existence as a legal person and shall maintain its books and records in good order and make all necessary corporate filings with the relevant authorities in its jurisdiction of incorporation.

More Definitions of Material Group Company

Material Group Company means the Issuer or a Subsidiary representing more than 10 per cent of the total assets of the Group on a consolidated basis according to the latest Financial Report.

Material Group Company means the Issuer, each Guarantor and any other Group Company with earnings before interest, tax, depreciation and amortisation calculated on the same basis as EBITDA representing 5.00% or more of EBITDA, or which has total assets representing 5.00% or more of the total assets of the Group, calculated on a consolidated basis according to the latest Financial Report.

Material Group Company means any Subsidiary of the Issuer consolidated in accordance with the financial reporting standards applied to the Issuer in the last annual consolidated financial statement (i) whose net revenues or total assets pursuant to its most recent audited nonconsolidated financial statements (or, if the relevant subsidiary itself prepares consolidated financial statements, whose consolidated net revenues or consolidated total assets pursuant to its most recent audited consolidated financial statements), which were used for the preparation of the most recent consolidated financial statements of the Issuer, amounts to at least 10 per cent of the consolidated total net revenues and/or 10 per cent of the consolidated total assets of the Group, and(ii) which is directly or indirectly majority-owned by the Issuer.

Material Group Company means the Issuer and each Group Company representing more than five (5) per cent. of the total assets or EBITDA of the Group on a consolidated basis (for the avoidance of doubt, excluding any intra group transactions) according to the latest Financial Report.

Material Group Company means, as the context requires, any one of them;

Material Group Company means the Issuer or a Subsidiary representing more than ten (10.00) per cent. of the Total Assets.

Material Group Company means [the Guarantors]/[●] and any Subsidiary of the Issuer which has subsequently been designated as a Material Group Company by the Issuer pursuant to Clause 13.11 (Designation of Material Group Companies).]