Material Contribution definition
Material Contribution means any contribution of property or series of related contributions of properties by the Borrowers or AREH or any of their Subsidiaries (other than an AREH Subsidiary Guarantor or Subsidiary of an AREH Subsidiary Guarantor) in excess of $1,000,000; “Material Distribution” means any distribution of property or series of related distributions of properties by an AREH Subsidiary Guarantor to the Borrowers, AREH or any of their Subsidiaries (other than an AREH Subsidiary Guarantor or Subsidiary of an AREH Subsidiary Guarantor) with a value in excess of $1,000,000; and “Material Write-off ”means an impairment loss that results in the write-off of an asset which had been included in the calculation of Tangible Net Worth, provided that the write-off exceeds $1,000,000.