Material Concessions definition

Material Concessions means each concession of any Loan Party set forth on Schedule 9.15 and, if obtained after the Disbursement Date, each concession of Vista or any Restricted Subsidiary having a book-value equal to or greater than 10% of Consolidated Total Assets of Vista.

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Material Concessions means the concessions required to provide the cellular telephone service and data transmission service in Mexico, whether on the date hereof or hereafter, including without limitation any concession relating to 450 service.

Material Concessions means each mining concession of the Borrower listed in Part 1 of Schedule 13 (Concessions).

Examples of Material Concessions in a sentence

• All of the material Properties and systems of the Borrower and its Subsidiaries are in good repair, working order and condition, ordinary wear and tear excepted, and are in material compliance with all Applicable Laws and all Governmental Approvals (including the Material Concessions) except as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change.

• Each Credit Party has obtained all other necessary Governmental Approvals from, and has filed all required registrations, applications, tariffs, reports and other documents with, the SCT, the COFETEL and all other Governmental Authorities in accordance with the Material Concessions and all other Applicable Laws, except for such approvals or filings the failure of which to obtain or make, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change.

• The Borrower and each Subsidiary is in compliance in all material respects with the Federal Telecommunications Law, all other Applicable Laws, all Governmental Approvals (including the Material Concessions) and its Organizational Documents other than any such failure to comply that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change.