Material Asset means any asset which has a book value of RMB100,000 or more or has a material effect on the business operations of any Party.

Material Asset means an asset or assets having a fair market value in excess of $25,000,000.

Material Asset means any asset owned by any Loan Party that is, in the reasonable determination of the Borrower, material to the operation of the business of the Borrower and its Subsidiaries, taken as a whole.

Examples of Material Asset in a sentence

On 31 December 2020, the Company convened the 2nd meeting of the seventh session of the board of directors, at which the “Resolution on Planning of Material Asset Restructuring and Signing of the Agreement of Intent on Acquisition of Equity Interest” was considered and approved.
On 13 August 2017, 12 proposals relating to Material Asset Acquisition and Connected Transaction Report (Plan) of Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
According to the Administrative Measures for the Material Asset Restructuring of Listed Companies issued by the CSRC, the Acquisition does not constitute a material asset restructuring as contemplated under the measures, therefore it shall not be subject to shareholders’ approval at a general meeting.
On 13 August 2017, proposals relating to the transaction as Material Asset Acquisition and Connected Transaction Report (Plan) of Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd.
According to “Measures for the Administration of the Material Asset Restructurings of Listed Companies”, income approach shall be adopted in the evaluation and shall serve as the pricing basis; parties of a transaction shall enter into a compensation agreement when the actual profits of relevant assets fall short of the profit forecast.

More Definitions of Material Asset

Material Asset means: an asset or several assets cumulatively, whose aggregate book value exceeds 55% of the total consolidated assets of the Company according to its last consolidated financial statements or its last consolidated financial results that were published.

Material Asset has the meaning specified in Section 4.7.

Material Asset means an asset contributing with more than 5.00 per cent. of the total revenue of the Group on a consolidated basis according to the latest Financial Report.

Material Asset means any asset that is owned by one or more Covered Centerline Entities and is material to the business operations and/or financial performance or position of the Covered Centerline Entities, taken as a whole.

Material Asset means (a) any asset or line of business of any Borrower Affiliate material to the operations or financial condition of such Borrower Affiliate, including, but not limited to the following types of assets: (i) as to any Borrower Affiliate, any asset or group of assets to which 10% or more of the Borrower Affiliate's gross revenues (on a stand alone basis) are attributable, and (ii) as to an Insurance Subsidiary, (A) any insurance product line to which greater than five percent (5%) of such Subsidiary's Net Written Premiums in the prior fiscal year are attributable, or (B) any asset or group of assets to which ten percent (10%) of such Subsidiary's Admitted Assets are attributable, and (b) the Stock or other Securities of any Subsidiary of the Borrower.

Material Asset means the (i) Collateral, (ii) any Closing Date Real Estate Property other than the Paramus Property, (iii) any other Property not described in clauses (i) or (ii) (whether tangible or intangible) of Borrower or any of its Subsidiaries the aggregate Value of Borrower’s interest in which assets (including, without limitation, the assets of any Subsidiary the stock of which is so transferred) equals or exceeds 3.00% of Total Asset Value (other than those owned by Subsidiaries of Joint Ventures) and the respective JV Pro Rata Shares of the Value of the assets owned by Subsidiaries of Joint Ventures. For the avoidance of doubt, the Paramus Property shall not be deemed to be Material Assets.

Material Asset means, with respect to the Company or any Restricted Subsidiary of the Company, any asset, related group of assets, business or division of the Company or any Restricted Subsidiary of the Company (including any capital stock of any Restricted Subsidiary of the Company) which (i) for the most recent fiscal year of the Company, accounted or would have accounted for more than 3% of the consolidated revenues of the Company or (ii) as at the end of such fiscal year, represented or would have represented more than 3% of the consolidated assets of the Company or has a fair market value in excess of $10 million, all as shown (x) with respect to any sale or disposition, on the consolidated financial statements of the Company for such fiscal year or such shorter period as such assets, business or divisions were owned by the Company or any Restricted Subsidiary of the Company and (y) with respect to any acquisition, on consolidated pro forma financial statements of the Company for the four full Quarters for which financial information in respect thereof is available immediately prior to such acquisition, giving effect thereto on a pro forma basis as if such acquisition had occurred at the beginning of such four full Quarters.