Principal Subsidiary definition
Principal Subsidiary means any Subsidiary of the Company which has net sales which represent 15% or more of the consolidated net sales of the Company and its Consolidated Subsidiaries taken as a whole.
Principal Subsidiary means any Subsidiary of the Issuer:
Principal Subsidiary means at any relevant time a Subsidiary of the Issuer:
Examples of Principal Subsidiary in a sentence
Any material license, consent, authorisation, registration or approval at any time necessary to enable the Borrower or any Principal Subsidiary to conduct its business shall be revoked, withdrawn or otherwise cease to be in full force and effect, unless the same would not have a Material Adverse Effect.
For purposes of determining Indebtedness for any Hedging Instrument, the principal amount of the obligations under any such instrument at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or any Principal Subsidiary would be required to pay if such instrument were terminated at such time.
More Definitions of Principal Subsidiary
Principal Subsidiary means any Subsidiary of the Borrower that owns a Vessel.
Principal Subsidiary means any of the Partnership’s Subsidiaries that owns or leases, directly or indirectly, a Principal Property.
Principal Subsidiary means, as of any date, any Subsidiary (including any successor Person of such Subsidiary) that (a) accounts for greater than 5% of the consolidated total assets of the Parent Guarantor and its Subsidiaries as of such date, determined in accordance with U.S. GAAP, or (b) accounted for greater than 5% of the consolidated revenues of the Parent Guarantor and its Subsidiaries for the immediately preceding financial year of the Parent Guarantor, determined in accordance with U.S. GAAP.
Principal Subsidiary at any time shall mean a Subsidiary of the Guarantor:
Principal Subsidiary means any consolidated subsidiary of GRENKE AG (i) whose net sales as shown by the audited non-consolidated accounts (or, where the consolidated subsidiary in question itself prepares consolidated accounts, whose consolidated net sales as shown by the audited consolidated accounts) of such consolidated subsidiary used for the purposes of the latest audited consolidated accounts of GRENKE AG to have been made up, are at least 5% of the total net sales of GRENKE AG and its consolidated subsidiaries as shown by such audited consolidated accounts or (ii) whose total assets as shown by the audited non-consolidated accounts (or, where the consolidated subsidiary in question itself prepares consolidated accounts, whose consolidated total assets as shown by the audited consolidated accounts) of such consolidated subsidiary used for the purposes of the latest audited consolidated accounts to have been made up, are at least 5% of the total assets of the GRENKE AG and its consolidated subsidiaries as shown by audited consolidated accounts. A report by the GRENKE AG's auditors that in their opinion a consolidated subsidiary is or is not or was or was not at a specified date a Principal Subsidiary shall, in the absence of manifest error, be conclusive and binding on all parties.
Principal Subsidiary means any Consolidated Subsidiary of the Company (i) whose net sales as shown by the annual non-consolidated financial statements (or, where the Consolidated Subsidiary in question itself prepares consolidated financial statements, the annual consolidated financial statements) of such Consolidated Subsidiary used for the purposes of the latest audited annual Consolidated Financial Statements being made up, are 10 per cent or more of the net sales of the Company and its Consolidated Subsidiaries as shown by such audited annual Consolidated Financial Statements or (ii) whose total assets as shown by the annual non-consolidated financial statements (or, as the case may be, the annual consolidated financial statements) of such Consolidated Subsidiary used for the purposes of the latest audited annual Consolidated Financial Statements being made up, are 10 per cent or more of the total assets of the Company and its Consolidated Subsidiaries as shown by such audited annual Consolidated Financial Statements. A certificate signed by a Representative Director or an Authorised Officer of the Company that in the Company’s opinion, a Consolidated Subsidiary is or is not or was or was not at a specified date a Principal Subsidiary shall, in the absence of manifest error, be conclusive and binding on all parties;
Principal Subsidiary means any Subsidiary of the Bank: (i) whose assets from time to time represent not less than 15 per cent. of the consolidated assets of the Bank, or whose revenues from time to time represent not less than 15 per cent. of the consolidated revenues of the Bank, as shown in the Bank's most recent audited consolidated annual financial statements (or, if more recent, consolidated interim financial statements); or (ii) to which is transferred all or substantially all of the assets and undertakings of a Subsidiary which immediately prior to such transfer is a Principal Subsidiary;