Material Guarantor definition

Material Guarantor means any Guarantor that is itself a Significant Subsidiary pursuant to clause (a) or (b) of the definition thereof (without giving effect to the aggregation in the proviso to such definition).

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Material Guarantor means, at any time of determination, a Guarantor that is a Material Subsidiary.

Material Guarantor means (a) the Parent and (b) any Guarantor that, individually, (i) accounts for more than five percent (5%) of the gross revenues of the members of the Consolidated Group on a consolidated basis determined in accordance with GAAP, (ii) accounts for more than five percent (5%) of net income of the members of the Consolidated Group on a consolidated basis determined in accordance with GAAP, or (iii) constitutes more than five percent (5%) of Consolidated Total Assets.

Examples of Material Guarantor in a sentence

Any material license, consent, authorisation, registration or approval at any time necessary to enable the Borrower, any Material Guarantor or any Principal Subsidiary to conduct its business in a given jurisdiction shall be revoked, withdrawn or otherwise cease to be in full force and effect unless the same would not have a Material Adverse Effect.
If an Event of Default specified in Section 6.01(d) or (e) shall occur with respect to the Company or any Material Guarantor (or group of Guarantors that, taken together, would constitute a Material Guarantor), the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder.
Subject to the provisions of Section 1.5, either Borrower or any Material Guarantor shall default in the due performance or observance of any of its obligations under (i) Section 7.1.1 or Section 7.1.7, and such default shall continue for a period of 30 days or (ii) Section 7.2 and such default shall continue for a period of five Business Days.
When any Event of Default described in Section 8.1(f) or (g) has occurred and is continuing with respect to the Parent, the Borrower or a Material Guarantor, then all outstanding Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the Borrower.
No claim has been asserted and is pending by any Person challenging or questioning the use of any Intellectual Property or the validity or effectiveness of any Intellectual Property that, individually or in the aggregate, has caused and would reasonably be expected to cause a Material Guarantor Loss Event, nor does the Guarantor know of any valid basis for any such claim.

More Definitions of Material Guarantor

Material Guarantor means, at any time, a Guarantor having (i) at least 10% of Consolidated total assets of Group and its Subsidiaries (determined as of the last day of the most recent Fiscal Quarter) or (ii) at least 10% of Consolidated EBITDA of Group and its Subsidiaries for the 12-month period ending on the last day of the most recent Fiscal Quarter.

Material Guarantor means, as of any date of determination, one or more Subsidiaries of the Company having aggregate revenues in the most recent preceding 12 month period for which audited or interim financial statements of the Company are available in excess of 3% of the total consolidated revenues of the Company.

Material Guarantor. Holdings and any Subsidiary Guarantor other than an Immaterial Guarantor.

Material Guarantor means any Guarantor which individually constitutes (a) at least 5% of the Borrower’s Consolidated Total Assets as of last day of the most recently ended Test Period on or prior to the date of determination for which Section 6.01 Financials were required to be delivered or (b) at least 5% of the consolidated revenues of the Borrower and its Restricted Subsidiaries for the most recent Test Period on or prior to the date of determination for which Section 6.01 Financials were required to be delivered.

Material Guarantor means (i) each of Celebrity Cruise Lines Inc., RCI Holdings LLC, RCL Cruise Holdings LLC and RCL Cruises Ltd (and each of their respective successors) and (ii) any other entity that becomes a First Priority Guarantor, a Second Priority Guarantor or a Third Priority Guarantor after the effectiveness of Amendment and Restatement No.4.

Material Guarantor means any Guarantor that, as of any date of determination, has (together with its Subsidiaries) tangible assets with an aggregate book value equal to at least 10% of the Consolidated Tangible Assets of the Parent and its Restricted Subsidiaries.

Material Guarantor means any Guarantor other than a Guarantor which, at the pertinent time, has less than $200,000 in tangible assets and less than $1,000,000 in fair market value of total assets.