Material Company definition
Material Company means, at any time:
Material Company means (i) any Loan Party, (ii) any Group Member that is listed in Schedule 1.01(g) or (iii) any Group Member that has (x) Group Member Adjusted EBITDA or (y) Group Member Assets representing, respectively, 5% or more of Consolidated Adjusted EBITDA or Consolidated Total Assets. For this purpose:
Material Company has the meaning assigned to such term in clause (g) of Article VII.
Examples of Material Company in a sentence
Except as has not had, and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, as of the date hereof, (a) all current insurance policies of the Company and its Subsidiaries (collectively, the “Material Company Insurance Policies”) are in full force and effect and (b) all premiums payable under the Material Company Insurance Policies prior to the date of this Agreement have been duly paid to date.
As of the date of this Agreement, no written notice of cancellation or termination has been received with respect to any Material Company Insurance Policy.
More Definitions of Material Company
Material Company means the Issuer and each Group Company representing more than five per cent. of the EBITDA, turnover or consolidated gross assets on a consolidated basis (for the avoidance of doubt, excluding any intra group transactions) of the Group according to the latest Financial Report for the Group.
Material Company means, at any time: (a) an Obligor; or
Material Company means Mondi Limited or any Material Subsidiary.
Material Company means the Issuer and each Group Company holding shares in an Guarantor and any member of the Group which has earnings before interest, tax, depreciation and amortisation (calculated on the same basis as EBITDA) or total assets (in each case excluding any intra group transactions) representing ten per cent. or more of consolidated EBITDA or the consolidated total assets of the Group. To be tested quarterly based on the latest unaudited (or in the case of annual financial, audited) consolidated financial statements of the Group.
Material Company means each Obligor, each member of the Group which is the direct Holding Company of an Obligor and any Subsidiary of the Issuer which has:
Material Company means each Obligor and each Material Subsidiary.
Material Company means the Parent and any Restricted Subsidiary whose total assets, sales or EBITDA on a standalone basis represents 5% of consolidated total assets, consolidated sales or Consolidated EBITDA (excluding intra-group items and investments in Subsidiaries) as of the relevant test date under Section 4.07(c).