Examples of Significant Subsidiary Guarantor in a sentence

If the Issuers exercise their covenant defeasance option, payment of the Debt Securities of the defeased series may not be accelerated because of an Event of Default specified in Sections 6.01(d), (g) and (h) and, with respect to any Significant Subsidiary Guarantor or any group of Subsidiary Guarantors that, taken together, constitute a Significant Subsidiary Guarantor only, Sections 6.01(e) and (f).
If the Issuers exercise their covenant defeasance option, payment of the Debt Securities of the defeased series may not be accelerated because of an Event of Default specified in Sections 6.01(d), (g) and (h) and, with respect to any Significant Subsidiary Guarantor or any group of Subsidiary Guarantors that, taken together, constitute a Significant Subsidiary Guarantor only, Sections 6.01(e) and (f) (except to the extent covenants or agreements referenced in such Sections remain applicable).
Any term or provision of the Agreement notwithstanding, each Springing Guarantee shall not exceed the maximum amount that can be guaranteed by the applicable Significant Subsidiary Guarantor without rendering the Springing Guarantee, as it relates to such Significant Subsidiary Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally.

More Definitions of Significant Subsidiary Guarantor

Significant Subsidiary Guarantor means (i) any Guarantor that would be a “significant subsidi- ary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such Regulation is in effect on the Issue Date or (ii) any Guarantor or group of Guarantors that in the ag- gregate has Consolidated Total Assets in amount of greater than 10% of Consolidated Total Assets of the Issuer and its Subsidiaries (taken as a whole) for the most recently ended four full fiscal quarters for which internal financial statements are available.

Significant Subsidiary Guarantor means, as at any date, any Subsidiary Guarantor having assets with a fair market value of $60,000,000 or more.

Significant Subsidiary Guarantor means any one or more Guarantors (other than Tyco) which, at the date of determination, together with its or their respective Subsidiaries in the aggregate, (i) for the most recently completed fiscal year of the Issuer accounted for more than 10% of the consolidated revenues of the Issuer or (ii) at the end of such fiscal year, was the owner (beneficial or otherwise) of more than 10% of the consolidated assets of the Issuer, as determined in accordance with generally accepted accounting principles and reflected on the Issuer's consolidated financial statements.

Significant Subsidiary Guarantor has the meaning given to it in Section -------------------------------- 7.

Significant Subsidiary Guarantor means any Subsidiary Guarantor that is a Significant Subsidiary of Holdings.

Significant Subsidiary Guarantor means a Significant Subsidiary that is a Subsidiary Guarantor. “Significant Subsidiary Guaranty” mean a Subsidiary Guaranty made by a Significant Guarantor. “Solvent” means, as of any date of determination, and as to any Person, that on such date: (a) the fair valuation of the assets of such Person is greater than the fair valuation of such Person’s probable liability in respect of existing debts; (b) such Person does not intend to, and does not believe that it will, incur debts beyond such Person’s ability to pay as such debts mature; (c) such Person is not engaged in a business or transaction, and is not about to engage in a business or B-13