Material Obligor definition

Material Obligor means an Obligor that is either the Borrower, the Parent or a Material Subsidiary.

Material Obligor. (a) the Borrower and (b) each Restricted Subsidiary of the Borrower now existing or hereafter acquired or formed by the Borrower which, as at the end of the most recent fiscal year of the Borrower, Restricted Subsidiary (i) accounted for more than 3% of the consolidated revenues of the Borrower and its Subsidiaries or (ii) owned more than 3% of the consolidated assets of the Borrower and its Subsidiaries.

Material Obligor means each Obligor that is not an Immaterial Subsidiary.

Examples of Material Obligor in a sentence

• No Material Obligor is an "investment company" within the meaning of the Investment Company Act of 1940, as amended, or a "holding company", or a "subsidiary company" of a "holding company", or an "affiliate" of a "holding company" or of a "subsidiary company" of a "holding company", within the meaning of the Public Utility Holding Company Act of 1935, as amended.

• After giving effect to the transactions contemplated hereunder, each Material Obligor will be Solvent.

• Each Material Obligor other than PESCO shall, and (except where failure to do so would not, individually or in the aggregate, be reasonably likely to cause a Material Adverse Effect) PESCO and each of its consolidated Subsidiaries shall, promptly pay all Taxes due, except as set forth on SCHEDULE 5.7 and except Taxes for which the criteria for Permitted Liens have been satisfied.

• Except as disclosed on SCHEDULE 5.11 and except for Permitted Liens, there is no Lien on any asset of any Material Obligor or (except where the same would not, individually or in the aggregate, reasonably be expected to cause a Material Adverse Effect) any other Company.

• Material Obligor: (i) each Borrower and (ii) any other Obligor to the extent such other Obligor has a tangible net worth in excess of $5,000,000.

More Definitions of Material Obligor

Material Obligor means, at any time of determination, (x) any Borrower, or (y) any Subsidiary of any Borrower owning 5% or more of the total assets of the Parent and its Subsidiaries on a consolidated basis or contributing 5% or more of the EBITDA of the Parent and its Subsidiaries on a consolidated basis.

Material Obligor means, at any time, an Obligor the Receivables of which are greater than 4.0% of the aggregate Outstanding Balance of all Receivables at such time.

Material Obligor means the Borrower and any other Obligor the operations of which contribute 5% or greater to the consolidated revenues of the Borrower.

Material Obligor. Net Debt Proceeds", "Net Disposition Proceeds", "Net Equity Proceeds", "Net Income", and "Net Worth", and (iv) for purposes of clauses (c), (e) and (f) of Section 3.1.1, Cable Car and its Subsidiaries shall be deemed to be "Subsidiaries" of the Parent. SUBPART 2.8. Amendment to Section 2.7. Section 2.7 of the Existing Credit Agreement is hereby amended and restated to read in its entirety as follows:

Material Obligor means, at any time of determination, (i) any Borrower, (ii) Holdco, (iii) Triarc Beverage or (iv) any Material Subsidiary.

Material Obligor any Issuer and any other Obligor that (x) owns a material portion of the assets (including without limitation, any Intellectual Property) or (y) generates a material portion of the consolidated net income, in each case of the Obligors and their respective Subsidiaries, taken as a whole.

Material Obligor means (i) each Loan Party, (ii) Xxxx, during any Support Period, and (iii) any charterer under a Material Charter.