Material Joint Venture definition

Material Joint Venture means a Company Joint Venture in which the Company and the Company Subsidiaries, collectively, have invested, or committed to invest, at least $3.0 million.

Material Joint Venture means a Joint Venture in which the Borrower has made a net equity investment of $15,000,000 or greater. For purposes of this definition, the Borrower’s aggregate Investment in a Joint Venture will be valued at book value as shown on the consolidated balance sheet of the Borrower, as determined in accordance with GAAP.

Material Joint Venture means a Joint Venture in which the Borrower has made a net equity investment of $15,000,000 or greater. For purposes of this definition, the Borrower’s aggregate Investment in a Joint Venture will be valued at (a) the aggregate amount of cash and cash equivalents and the net book value of other property (less, without duplication, the aggregate principal amount of Indebtedness secured by a Lien on such property at the time of contribution unless, after giving effect to the contribution of such property to the Joint Venture and any other transactions occurring in connection therewith, such Indebtedness constitutes an obligation of the Borrower or any of its Subsidiaries) contributed by the Borrower to such Joint Venture minus (b) the aggregate amount of distributions received by the Borrower from such Joint Venture that would be classified as a return of capital (as opposed to a return on investment).

Examples of Material Joint Venture in a sentence

• Sellers, the Mission Acquired Entities, the Material Joint Venture Entities, the Facilities and the Material Joint Venture Facilities have conducted their operations in all material respects in accordance with their respective compliance programs.

• No Seller, Mission Acquired Entity, Material Joint Venture Provider Entity, Practitioner, Facility, or Material Joint Venture Provider Facility has received any written notice from any Governmental Authority regarding any violation of any such Permits or Approvals (other than any surveys or deficiency reports for which a plan of correction has been accepted or approved by the applicable Governmental Authority).

• Sellers have delivered to Buyer accurate and complete copies of all material survey reports, deficiency notices, plans of correction, and related correspondence received by any Seller, any Mission Acquired Entity, any Material Joint Venture Provider Entity, any Facility, or any Material Joint Venture Provider Facility since January 1, 2014, in connection with the Permits and Approvals relating to the Business or the Material Joint Venture Provider Business.

• Sellers, the Mission Acquired Entities and the Material Joint Venture Provider Entities have undertaken surveys, audits, inventories, reviews, analyses and/or assessments of all areas of the Business and the Material Joint Venture Provider Business required by the HITECH Act and the administrative simplification provisions of HIPAA.

• The pharmacies, laboratories, and all other ancillary departments or services located at any Facility or Material Joint Venture Provider Facility or operated for the benefit of such Facility or Material Joint Venture Provider Facility that are required to be separately licensed are duly licensed by the appropriate Governmental Authority.

More Definitions of Material Joint Venture

Material Joint Venture means a Joint Venture that, as of the end of the most recent four-quarter period, had (i) total assets which exceeded 10 percent of the total combined assets of the Issuer at the end of such period or (ii) total revenues which exceeded 15 percent of the total combined revenues of the Issuer for such period.

Material Joint Venture of a Person means a joint venture in which the Person participates, directly or indirectly, whether as a partner, shareholder, interest holder or otherwise, that is material to the financial condition, operations or prospects of the Person on a consolidated basis;

Material Joint Venture means a Joint Venture in which the Borrower has made a net equity investment of $15,000,000 or greater. For purposes of this definition, the Borrower’s aggregate Investment in a Joint Venture will be valued at book value as shown on the consolidated balance sheet of the Borrower, as determined in accordance with GAAP. “Material Recourse Indebtedness” means any Indebtedness of the Parent Guarantor, the Borrower and/or any of their respective Subsidiaries (other than Indebtedness under the Loan Documents and Indebtedness under Swap Contracts) that (a) does not constitute Non-Recourse Indebtedness, and (b) individually or in the aggregate, has a principal amount (including, without duplication, undrawn committed or available amounts and amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount. “Material Subsidiary” means each Subsidiary or any group of Subsidiaries (i) which, as of the most recent fiscal quarter of the Parent Guarantor or the Borrower, as applicable, for the period of four consecutive fiscal quarters then ended, for which financial statements have been delivered pursuant to Section 6.01, contributed greater than $100,000,000 of Enterprise EBITDA for such period or (ii) which contributed greater than $300,000,000 of Enterprise Gross Asset Value as of such date. A group of Subsidiaries (a “Material Group”) each of which is not otherwise a Material Subsidiary (defined in the foregoing sentence) shall constitute a Material Subsidiary if the group taken as a single entity satisfies the requirements of the foregoing sentence. “Maturity Date” means (a) with respect to the Revolving Facility, the Revolving Maturity Date, and/or (b) with respect to any tranche of Incremental Term Loans, subject to Section 2.16(e)(iii), the date set forth in the applicable Incremental Term Loan Amendment as the “Maturity Date” for such tranche of Incremental Term Loans, in each case, as the context may require.

Material Joint Venture means a Joint Venture in which Healthpeak OP has made a net equity investment of $15,000,000 or greater. For purposes of this definition, Healthpeak OP’s aggregate Investment in a Joint Venture will be valued at book value as shown on the consolidated balance sheet of Healthpeak OP, as determined in accordance with GAAP.

Material Joint Venture means any Person listed in Section 1.01(f) of the Company Disclosure Schedules.

Material Joint Venture means a joint venture in which a party participates, whether as a partner, shareholder, interest holder or otherwise, that is material to that party’s financial condition, operations or prospects;

Material Joint Venture means, at any time, any Joint Venture that accounts for ten percent (10%) or more of Adjusted EBITDA, as reflected in the most recent financial statements and certificates delivered pursuant to Sections 8.01(a) or 8.01(b). ​