Material Party definition

Material Party. Holdings, any Borrower or any Restricted Subsidiary (other than an Immaterial Subsidiary).

Material Party. Parent or any Restricted Subsidiary (other than an Immaterial Subsidiary).

Material Party means each of (a) the Company, (b) any Insurance Subsidiary, (c) the Reinsurer and (d) any Subsidiary of the Company which is not an Insurance Subsidiary whose (i) total assets are 15% or more of the total assets of the Company and its consolidated Subsidiaries (including such Subsidiary) in each case as set forth on the most recent fiscal year end balance sheet of such Subsidiary and the Company and its consolidated Subsidiaries, respectively, and computed in accordance with GAAP, and (ii) total revenues are 15% or more of the total revenues of the Company and its consolidated Subsidiaries (including such Subsidiary), in each case as set forth on the most recent fiscal year-end income statements of such Subsidiary and the Company and its consolidated Subsidiaries, respectively, and computed in accordance with GAAP.

Examples of Material Party in a sentence

• Promptly upon receipt of the CERES/IGER Plant Material, Party will sign and return the Receipt Form, in the preferred format attached as ANNEX II to this Agreement, to [CERES/IGER] (attn: [responsible person at CERES/IGER]).

• The term "other material litigation" as used herein shall not include matters in which (i) a Material Party is plaintiff and no counterclaim is pending or (ii) which Lender determines, in its sole discretion exercised in good faith, are immaterial due to settlement, insurance coverage, frivolity, or amount or nature of claim.

• The term “other material litigation” as used herein shall not include matters in which (i) a Material Party is plaintiff and no counterclaim is pending or (ii) which Agent determines in its sole discretion exercised in good faith, are immaterial due to settlement, insurance coverage, frivolity, or amount or nature of claim.

• Lender shall have obtained, at Borrower's cost, an independent search to verify that there are no bankruptcy, foreclosure actions or other material litigation or judgments pending or outstanding against the Resorts, any portion of the Collateral, Borrower, or any Affiliates of Borrower (each a "Material Party").

• The term “other material litigation” as used herein shall not include matters in which (i) a Material Party is plaintiff and no counterclaim is pending or (ii) which Agent determines, in its sole discretion, exercised in good faith, are immaterial due to settlement, insurance coverage, frivolity, or amount or nature of claim.

More Definitions of Material Party

Material Party means any Loan Party who has Collateral making up at least $2,500,000 of the Borrowing Base and any Foreign Borrower who has Foreign Collateral making up at least $750,000 of any Foreign Borrowing Base.

Material Party means each Person listed on Schedule 1.

Material Party means a person who has a financial interest, decision making authority, or influence in a transaction or project.

Material Party means each Loan Party and each Subsidiary of the Parent whose consolidated assets or revenues exceed 10% of the consolidated assets or revenues of the Parent and its Subsidiaries for the most recent fiscal quarter for which financial statements have been delivered pursuant to Section 6.01(a) or (b).

Material Party. Any party to a Material Project Contract.

Material Party means the Borrower, MCC, MIC and each other Subsidiary of the Borrower whose Statutory Surplus exceeds 15% of the aggregate Statutory Surplus of the Borrower and its Subsidiaries for the most recent fiscal quarter for which financial statements have been delivered pursuant to Section 4.01(a)(ix), Section 6.01(a) or Section 6.01(b).

Material Party means, at any time, (i) the Parent, (ii) the Issuer, (iii) DCM, (iv) any Guarantor and (v) any other Subsidiary that individually or, together with its subsidiaries, in the aggregate either (1) own 5% of the consolidated assets of the Parent and its Subsidiaries at such time as reflected in the most recent annual audited consolidated financial statements of the Parent delivered pursuant to Section 5.01 or (2) generate 5% or more of the Consolidated Net Income of the Parent and its Subsidiaries at such time as reflected in the most recent annual audited consolidated financial statements of the Parent delivered pursuant to Section 5.01.