Material Group Member definition

Material Group Member means an Obligor or a Material Subsidiary; and

Material Group Member the Borrower, the Guarantor or any Material Subsidiary.

Material Group Member means an Obligor or a Material Subsidiary.

Examples of Material Group Member in a sentence

• If a moratorium occurs in respect of any Material Group Member, the ending of the moratorium will not remedy any Event of Default caused by the moratorium.

• Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a Material Group Member, having an aggregate value of U.S.$10,000,000 (or its equivalent), and is not discharged within 21 days or is being contested in good faith to the satisfaction of the Facility Agent acting reasonably.

• Any expropriation, attachment, sequestration, distress or execution or any analogous process affects any asset or assets of a Material Group Member, having an aggregate value of at least SEK 100,000,000, and is not discharged within thirty (30) Business Days.

• The Company shall, and shall procure that each Obligor (that is not a Material Group Member) and each Material Group Member shall, promptly (and in any event within 4 days) notify the Facility Agent in writing of any change in its name or in the address of its registered or principal office.

• The Company shall, and shall procure that each Obligor and other Material Group Member shall procure that each other Group Member shall, comply with all applicable laws, rules, regulations and orders of any governmental authority, whether domestic or foreign, having jurisdiction over it or any of its assets, failure to comply with which might have a Material Adverse Effect.

More Definitions of Material Group Member

Material Group Member means a Material Group Member incorporated or organised under the laws of the United States of America or any State of the United States of America (including the District of Colombia) or that reside or has a domicile, a place of business or property in the United States of America.

Material Group Member means the Guarantor, the Issuer or a Material Subsidiary.

Material Group Member any Group Member and its Subsidiaries that collectively have at least 2.5% or more of the total assets of the Group Members taken as a whole.

Material Group Member the Borrower and each Subsidiary that, during the period of the most recent four full fiscal quarters of the Borrower for which financial statements are available, had gross revenues representing more than one percent (1%) of the total consolidated gross revenues of the Borrower for such period.

Material Group Member means the Company or a Material Subsidiary; and

Material Group Member means any Obligor, as well as any Group member, whose EBITDA, Assets and Revenues determined as of the last reporting date, based on the consolidated financial statements of the Group for the financial year or the consolidated financial statements of the Group for the first financial half-year of the financial year, prepared in accordance with IFRS and provided to the Facility Administrator in accordance with Clause

Material Group Member means each Obligor and each other Group Member (a) whose earnings before interest, tax, depreciation and amortisation represent five per cent. or any greater percentage, of the Consolidated Adjusted EBITDA of the Group, or (b) the book value of whose gross assets is five per cent. or more of the consolidated gross assets of the Group, in either case determined in accordance with the Applicable Accounting Principles, or (c) whose aggregate sales to non-Group Members in any annual Accounting Period, in accordance with the Applicable Accounting Principles and excluding VAT and/or sales tax, have been, or are budgeted to be, at least five per cent. or more of the aggregate sales of the Group to non-Group Members (similarly calculated), and for this purpose: