Material Group Entity definition

Material Group Entity means any member of the TCN Group which is:
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Material Group Entity. Material Group Entities" has the meaning given in Section 2.4(c).
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Material Group Entity means any Obligor or any other member of the Group having more than five per cent. of EBIT and/or turnover (other than from one member of the Group to another member of the Group) and/or gross assets of the Group when consolidated with the EBIT, turnover (other than from one member of the Group to another member of the Group) and gross assets of its subsidiaries as determined by reference to the most recent available annual audited or quarterly accounts.
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Examples of Material Group Entity in a sentence

  • A floating charge over all the assets of Subco and of each Material Group Entity and any additional Subsidiaries and Associated Partnerships to the extent necessary to meet the 95% test referred to in Positive Covenants (v) below; NB: TCN has confirmed that it will not be necessary for any additional Subsidiaries or Associated Partnerships to accede to the security package in order to meet such 95% test.

  • Do all acts as are reasonably practicable to maintain, protect and safeguard the Intellectual Property necessary for the business of any Material Group Entity and not terminate or discontinue the use of any such Intellectual Property by way of sale of such Intellectual Property and observe and comply with all material obligations and laws to which it in its capacity as registered proprietor, beneficial owner, user, licensor or licensee of the Intellectual Property or any part thereof is subject.

  • Any Material Group Entity fails to comply with or pay any sum due from it under any final judgement or any final order made or given by any court of competent jurisdiction.

  • Each Material Group Entity has good title to or valid leases of or other appropriate licence, authorisation or consent to use its assets necessary and material to carry on its business as presently conducted.

  • UP None of the events described in Clause 24.6 (INSOLVENCY AND RESCHEDULING) or Clause 24.7 (WINDING-UP) have occurred in relation to any Material Group Entity.

  • In respect of each Material Group Entity, maintain and preserve all of its assets that are necessary and material in the conduct of its business as conducted at the date hereof in good working order and condition, ordinary wear and tear excepted.

  • The Direct Target Entities and the Subsidiaries listed in Exhibit 2.4(c) are herein collectively referred to as the "Material Group Entities" and each of them as a "Material Group Entity".

  • Any Material Group Entity ceases to carry on the business it carries on at the date hereof or enters into any unrelated business.

  • In respect of each Material Group Entity, ensure that it has the right and is duly qualified to conduct its business as it is conducted from time to time in all applicable jurisdictions and does all things necessary to obtain, preserve and keep in full force and effect all rights including, without limitation, all franchises, contracts, licences, consents and other rights which are necessary and material for the conduct of its business.

  • Unless otherwise disclosed in Exhibit 11.3(g)(iv) there are no Labor Disputes threatened in writing against a Material Group Entity.


More Definitions of Material Group Entity

Material Group Entity. ’ means, at any time during the subsistence of the Bonds, any Group Entity of the Guarantor:
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Material Group Entity means the Borrower, IFCO Europe, GBL or any Group Entity:
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Related to Material Group Entity

  • 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.

  • Group Entity means any of the Company and Subsidiaries of the Company.

  • Material Company means, at any time:

  • Group Company means any one of them;

  • Company Subsidiary means a Subsidiary of the Company.

  • material hoist means a hoist used to lower or raise material and equipment, excluding passengers; "medical certificate of fitness" means a certificate contemplated in regulation 7(8);

  • Acquired Company means any business, corporation or other entity acquired by the Company or any Subsidiary.

  • Partnership Entity means any of the Partnership Entities.

  • Company Entity means each of the Company and its Subsidiaries.

  • Roll-Up Entity means a partnership, real estate investment trust, corporation, trust or similar entity that would be created or would survive after the successful completion of a proposed Roll-Up Transaction.

  • Group Companies means, collectively, the Company and each of its Subsidiaries.

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Target Company means each of the Company and its direct and indirect Subsidiaries.

  • Company Subsidiaries means the Subsidiaries of the Company.

  • Group Member means a member of the Partnership Group.

  • Partnership Entities means the General Partner and each member of the Partnership Group.

  • Company Group Member means each member of the Company Group.

  • Group Business Entity means;

  • Business entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • Material Owned Real Property means any Real Property, or group of related tracts of Real Property, acquired (whether in a single transaction or a series of transactions) or owned in fee by any Loan Party, in each case, in respect of which the fair market value (including the fair market value of improvements owned or leased by such Loan Party and located thereon) on such date of determination exceeds $1,000,000.

  • Seller Group Member means (a) Seller and its Affiliates, (b) directors, officers and employees of Seller and its Affiliates and (c) the successors and assigns of the foregoing.

  • Controlled Group Member means each trade or business (whether or not incorporated) which together with the Borrower is treated as a single employer under Sections 4001(a)(14) or 4001(b)(1) of ERISA or Sections 414(b), (c), (m) or (o) of the Code.

  • Material Restricted Subsidiary any Restricted Subsidiary other than one or more Restricted Subsidiaries designated by the Borrower that in the aggregate do not constitute Material Subsidiaries.

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups: