Material Subsidiary Group means one or more Subsidiaries of the Borrower when taken as a whole whose Adjusted EBITDA, as of the last day of any fiscal year, is greater than ten percent (10%) of the Adjusted EBITDA of the Borrower and its subsidiaries on a consolidated basis as of such date.
Material Subsidiary Group means any Subsidiaries of the Company that together (i) have on such date aggregate Total Assets constituting twenty percent (20%) or more of Consolidated Total Assets or (ii) for the most recently ended four fiscal quarter period have aggregate revenues constituting twenty percent (20%) or more of the consolidated revenues of the Company and its Subsidiaries for such period, as determined in accordance with Agreement Accounting Principles.
Material Subsidiary Group as of any date means either (i) the smallest number of Domestic Subsidiaries that account for (or in the case of a recently formed or acquired Domestic Subsidiary would so account for on a pro forma historical basis), when combined with the Borrower, at least 90% of Consolidated EBITDA for either of the two most recently ended fiscal years of the Borrower, or (ii) the smallest number of Domestic Subsidiaries that account for (or in the case of a recently formed or acquired Domestic Subsidiary would so account for on a pro forma historical basis), when combined with the Borrower, at least 90% of Consolidated Tangible Net Worth for either of the two most recently ended fiscal years of the Borrower; provided that any Domestic Subsidiary that accounts for (or in the case of a recently formed or acquired Domestic Subsidiary would so account for on a pro forma historical basis) 7 1/2% of either Consolidated EBITDA for either of the two most recently ended fiscal years of the Borrower or Consolidated Tangible Net Worth for either of the past two most recently ended fiscal years of the Borrower, shall be included in the Material Subsidiary Group.
Examples of Material Subsidiary Group in a sentence
As of the Agreement Date, Schedule 5.1(b) correctly sets forth (i) each Material Subsidiary and (ii) each Subsidiary comprising the Material Subsidiary Group.
Make, or permit any of the Subsidiaries (other than Subsidiaries that do not constitute a Material Subsidiary Group) to make, any material change in the nature of its business as carried out at the date hereof, other than reasonable extensions thereof.
Make, or permit any of its Subsidiaries (other than Subsidiaries that do not constitute a Material Subsidiary Group) to make, any material change in the nature of its business as carried out at the date hereof, other than reasonable extensions thereof.
GHS Classifications: Acute Tox.4, Eye Irrit.2, Aquatic Chronic 2 HSNO Controls: Refer to HSR002503 – Additives Process Chemicals and Raw Material Subsidiary Group Standard 2020 Additional Controls: Stores containing more than 1000-litres require secondary containment, signage, and an emergency response plan.
The Borrower or any of its Subsidiaries representing a Material Subsidiary Group shall a.
More Definitions of Material Subsidiary Group
Material Subsidiary Group means any Subsidiary or group of Subsidiaries as to which, individually or in the aggregate, any of the following tests are met:
Material Subsidiary Group means at any time, a group of Subsidiaries of Holdings that, together with their respective Subsidiaries, (i) had assets included in the calculation of Consolidated Total Asset Value as of the last day of the then most recently ended fiscal quarter for which financial statements have been provided to the Administrative Agent pursuant to Section 6.01(a) or (b) that exceeded 7.5% of Total Asset Value as of such date and (ii) whose contribution to Consolidated EBITDA (determined on a basis reasonably acceptable to the Administrative Agent) for the then most recently ended period of four fiscal quarters for which financial statements have been provided to the Administrative Agent pursuant to Section 6.01(a) or (b) exceeded 7.5% of Consolidated EBITDA for such period.
Material Subsidiary Group as at any date means one or more Domestic Subsidiaries (determined in accordance with this definition) which account for (or in the case of a recently formed or acquired Domestic Subsidiary would so account for on a pro forma historical basis), when combined with the Borrower, at least (A) 90% of Consolidated Total Assets as measured as at the end of the then most recently ended Fiscal Year or (B) 90% of Consolidated Net Income (before taxes) for either of the two most recently ended Fiscal Years. A Domestic Subsidiary shall be a "Material Subsidiary" if such Domestic Subsidiary is included in any of the following groups: (1) the Domestic Subsidiaries (determined in accordance with the terms of the following sentence) accounting for the Consolidated Total Assets measured under part (A) of the preceding sentence, but not the Consolidated Net Income measured under part (B) of the preceding sentence; or (2) the Domestic Subsidiaries (determined in accordance with the terms of the following sentence) accounting for the Consolidated Net Income measured under part (B) of the preceding sentence, but not the Consolidated Total Assets measured under part (A) of the preceding sentence; or (3) the Domestic Subsidiaries (determined in accordance with the terms of the following sentence) accounting for the Consolidated Net Income measured under part (B) of the preceding sentence and the Consolidated Total Assets measured under part (A) of the preceding sentence. The determination of the Domestic Subsidiaries comprising the Material Subsidiary Group as of any date shall be made on the basis of a group (selected by the Borrower) consisting of the smallest number of Domestic Subsidiaries necessary to satisfy groups (1), (2) or (3), as the case may be, above.
Material Subsidiary Group means any group of Subsidiaries (excluding (a) any Receivables Subsidiary and (b) any Material Subsidiary that has executed and delivered a Guaranty pursuant to Section 6.9.) of which, if combined, would own assets having a book value equal to or greater than 20% of the book value of the consolidated assets of the Borrower and its Subsidiaries (excluding any Receivables Subsidiary).
Material Subsidiary Group means any group of several Subsidiaries of the Guarantor that, taken together, would satisfy clause (b)(i)(A), (b)(i)(B) or (b)(ii) of the definition of Material Subsidiary (in each case disregarding clause (B) of the definition of Material Subsidiary); provided that notwithstanding anything to the contrary in the definition of the term “Material Subsidiary” the determination of whether any two or more Subsidiaries of the Guarantor constitute a Material Subsidiary Group shall be made on a Combined Standalone Basis. As used herein, “Combined Standalone Basis,” in respect of any two or more Persons, refers to the combination of the relevant accounts of such Persons (excluding, for the avoidance of doubt, the relevant accounts of any Subsidiary of each such Person), all in accordance with IFRS.
Material Subsidiary Group means, at any time, a group of any two or more Subsidiaries which at such time has a combined aggregate book value of tangible assets in excess of 10% of the book value of the total tangible assets of the Borrower and its Subsidiaries (on a consolidated basis).
Material Subsidiary Group means, at any time, a group of any two or more Subsidiaries the combined consolidated EBITDA or tangible assets of which at such time represent more than 10% of the Combined Group's combined consolidated EBITDA or tangible assets, respectively.