Minor Subsidiary definition

Minor Subsidiary means any Subsidiary that is not a Material Subsidiary.

Minor Subsidiary means, for purposes of the last sentence of the definition of Debt and of Section 5.08(f) (the "Relevant Provisions"), (i) USW PCN Inc., and (ii) any other Subsidiary which, at the time of the issuance of a Guaranty or grant of a Lien referred to in the Relevant Provisions, had assets which, when taken together with all assets of Subsidiaries at any earlier time when such Subsidiaries were deemed to be Minor Subsidiaries pursuant to this clause (ii), did not exceed $250,000,000.

Minor Subsidiary means, for purposes of the last sentence of the definition of Debt and of Section 5.07(f) (the "Relevant Provisions"), any Subsidiary (other than the Borrower or Wireless) which, at the time of the issuance of a Guaranty or grant of a Lien referred to in the Relevant Provisions, had assets which, when taken together with all assets of Subsidiaries at any earlier time when such Subsidiaries were deemed to be Minor Subsidiaries pursuant to this definition, did not exceed $250,000,000.

Examples of Minor Subsidiary in a sentence

• Permit any Minor Subsidiary (other than Naugatuck Treatment Company) to enter into or conduct any business or engage in any activity (including, without limitation, any action or transaction that is required or restricted with respect to any Borrower and its Subsidiaries under Section 5.01 and this Section 5.02).

• Schedule 3.4(a) of the Schedule of Exceptions sets forth the name and jurisdiction of each Major Subsidiary and each Minor Subsidiary as of the Effective Date.

• In the event that the Borrower wishes to designate a Subsidiary as a Minor Subsidiary, it shall deliver an Officer’s Certificate to the Agent so designating such Subsidiary and certifying that (i) such Subsidiary qualifies under the definition of Minor Subsidiary and (ii) the maximum asset and revenue thresholds for Minor Subsidiaries set forth in the definition of Minor Subsidiary are not exceeded at the time of such designation.

• Borrower may designate any Subsidiary (including any newly acquired or newly formed Subsidiary but excluding Cosmos, Liberty Life and Liberty Insurance Services) to be a "Minor Subsidiary"; provided that: (x) the Subsidiary to be so designated is created or acquired in the ordinary course of the Borrower's business; and (y) immediately after giving effect to such designation, no Default or Event of Default shall have occurred or be continued.

• Upon any such designation by the Borrower, the Borrower shall provide the Agent and the Banks written notice identifying the Minor Subsidiary being so designated.

More Definitions of Minor Subsidiary

Minor Subsidiary means, for purposes of the last sentence of the definition of Debt and of Section 5.08(f) (the "Relevant Provisions"), (i) each of U S WEST International Holdings, Inc. (to be renamed MediaOne International Holdings, Inc.) and its Subsidiaries, but only if such Person is engaged only in operations outside the United States, and (ii) any other Subsidiary which, at the time of the issuance of a Guaranty or grant of a Lien referred to in the Relevant Provisions, had assets which, when taken together with all assets of Subsidiaries at any earlier time when such Subsidiaries were deemed to be Minor Subsidiaries pursuant to this clause (ii), did not exceed $250,000,000.

Minor Subsidiary means any Subsidiary that is not a Material Subsidiary. “Moody’s” means Moody’s Investors Service, Inc. or any successor thereto.

Minor Subsidiary means any Subsidiary that is not a Material Subsidiary. "Moody's" means Moody's Investors Service, Inc. or any successor thereto.

Minor Subsidiary means a Subsidiary of the Borrower which has consolidated assets of less than Cdn. $1,000,000 (or the Equivalent Amount in United States Dollars) and consolidated revenues on an annual basis of less than Cdn. $1,000,000 (or the Equivalent Amount in United States Dollars) and is designated as a Minor Subsidiary by the Borrower pursuant to Section 9.6(c); provided that, in no event shall the Minor Subsidiaries have consolidated assets on an aggregate basis greater than Cdn. $10,000,000 (or the Equivalent Amount in United States Dollars) or annual consolidated revenues on an aggregate basis of greater than Cdn. $15,000,000.

Minor Subsidiary means any member of the Group, other than an Obligor, which has net external trading assets of less than A$5,000,000.

Minor Subsidiary means, for purposes of the last sentence of the definition of Debt and of Section 5.08(f) (the "Relevant Provisions"), (i) U S WEST Wireless LLC and (ii) any other Subsidiary which, at the time of the issuance of a Guaranty or grant of a Lien referred to in the Relevant Provisions, had assets which, when taken together with all assets of Subsidiaries at any earlier time when such Subsidiaries were deemed to be Minor Subsidiaries pursuant to this clause (ii), did not exceed $250,000,000.

Minor Subsidiary means a Subsidiary not formed under the laws of the United States or a state thereof that has not generated more than 5% of Borrower's total annual consolidated revenue in any given year (collectively, the "Minor Subsidiaries").