Material Group Member means an Obligor or a Material Subsidiary; and
Material Group Member means the Company or a Material Subsidiary.
Examples of Material Group Member in a sentence
So long as any Note remains outstanding (as defined in the Trust Deed), except as provided below, no Material Group Member may create or allow to exist any Security Interest over all or any of its present or future revenues or assets to secure any Financial Indebtedness now or hereafter existing.
More Definitions of Material Group Member
Material Group Member means a Material Group Member incorporated or organised under the laws of the United States of America or any State of the United States of America (including the District of Colombia) or that reside or has a domicile, a place of business or property in the United States of America.
Material Group Member any Group Member and its Subsidiaries that collectively have at least 2.5% or more of the total assets of the Group Members taken as a whole.
Material Group Member the Borrower and each Subsidiary that, during the period of the most recent four full fiscal quarters of the Borrower for which financial statements are available, had gross revenues representing more than one percent (1%) of the total consolidated gross revenues of the Borrower for such period.
Material Group Member means any Obligor, as well as any Group member, the EBITDA, assets and revenues of which, based on the consolidated financial statements of the Group as of the last reporting date, prepared in accordance with IFRS and provided to the Facility Administrator in accordance with Clause 17.1 (a) or (b) (Financial Statements), exceed 2.5 (two point five) per cent of the corresponding consolidated indicators of the Group based on the same financial statements.
Material Group Member means each Obligor and each other Group Member (a) whose earnings before interest, tax, depreciation and amortisation represent five per cent. or any greater percentage, of the Consolidated Adjusted EBITDA of the Group, or (b) the book value of whose gross assets is five per cent. or more of the consolidated gross assets of the Group, in either case determined in accordance with the Applicable Accounting Principles, or (c) whose aggregate sales to non-Group Members in any annual Accounting Period, in accordance with the Applicable Accounting Principles and excluding VAT and/or sales tax, have been, or are budgeted to be, at least five per cent. or more of the aggregate sales of the Group to non-Group Members (similarly calculated), and for this purpose:
Material Group Member any Loan Party and any other Material Subsidiary.