IMMATERIAL GROUP ENTITY definition

IMMATERIAL GROUP ENTITY means any member of the TCN Group which is not a Material Group Entity;
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IMMATERIAL GROUP ENTITY means any member of the TCN Group other than the Borrower which (i) is dormant for the purposes of section 250(3) of the Companies Act 1985 and (ii)(a) does not trade, (b) has no interest, ▇▇▇▇▇ or beneficial, in the Licences, the Cable Systems, the Earnings, the Principal Agreements, the share capital of any other member of the TCN Group which is not an Immaterial Group Entity or any other assets used in the business of the TCN Group and (c) is solvent (within the meaning of Section 123 of the Insolvency Act 1986 or otherwise);
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Related to IMMATERIAL GROUP ENTITY

  • Material Group Company means, at any time:

  • Group Entity means any of the Company and Subsidiaries of the Company.

  • Immaterial Domestic Subsidiary means any Domestic Subsidiary that is not a Material Domestic Subsidiary.

  • Immaterial Subsidiaries means those Subsidiaries of the Borrower that are “designated” as Immaterial Subsidiaries by the Borrower from time to time (it being understood that the Borrower may at any time change any such designation); provided that such designated Immaterial Subsidiaries shall collectively meet all of the following criteria as of the date of the most recent balance sheet required to be delivered pursuant to Section 5.01: (a) the aggregate assets of such Subsidiaries and their Subsidiaries (on a consolidated basis) as of such date do not exceed an amount equal to 3% of the consolidated assets of the Borrower and its Subsidiaries as of such date; and (b) the aggregate revenues of such Subsidiaries and their Subsidiaries (on a consolidated basis) for the fiscal quarter ending on such date do not exceed an amount equal to 3% of the consolidated revenues of the Borrower and its Subsidiaries for such period.

  • Material Restricted Subsidiary any Restricted Subsidiary other than one or more Restricted Subsidiaries designated by the Borrower that in the aggregate do not constitute Material Subsidiaries.