Material Licence definition

Material Licence means, with respect to the Borrower or a Restricted Subsidiary, any licence, authorisation or concession to operate its current business, which, at the time of determination, accounts for more than 10% of the EBITDA for the four full fiscal quarters next preceding the date of determination for which consolidated financial statements are available.

Material Licence means all licences for the use of radio frequencies for mobile telecommunications held by the Vodafone Target Group on 1 January 2016;

Material Licence means any:

Examples of Material Licence in a sentence

• Amend, vary or alter any Material Contract or Material Licence in a manner that would reasonably be expected to have a Material Adverse Effect.

• A true and complete certified copy of each Material Contract and Material Licence existing at the Closing Date has been delivered to the Lender and each Material Contract and Material Licence is in full force and effect.

• Witness C told her that he and Mrs Simpson had worked out the scores that each of the four pupils she was invigilating would need in order to obtain a Level 5 score.

• It has obtained, as of the Closing Date, all necessary consents, including consents of landlords to the granting of a security interest in each Material Contract and Material Licence pursuant to the Security Documents.

• Each Material Licence is valid, subsisting and in good standing and the Credit Parties are not in default or breach (except for immaterial breaches that do not allow for a right of termination of such licence) of any Material Licence and, to the knowledge of a Responsible Officer of the Borrower, no proceeding is pending or has been threatened in writing by the applicable Government Authority to revoke or limit any Material Licence.

More Definitions of Material Licence

Material Licence means, in relation to a Target Group, each licence (including those relating to telecommunications and radio frequency), consent, permit, authorisation or other permission or approval that is required pursuant to Applicable Laws for or in connection with the carrying on of the business being carried on by the Target Group taken as a whole as at the date of this Agreement and the absence of which would have a material adverse effect on the business of the Target Group;

Material Licence means any licence, franchise, permit or approval issued by any Governmental Authority to the Borrower, and which is at any time on or after the date of this Agreement,

Material Licence means all licences for the use of radio frequencies for mobile telecommunications held by the

Material Licence has the meaning given in paragraph 6.1 of Schedule 7;

Material Licence means, in relation to a Target Group, each licence (including those relating to

Material Licence any Material Licence is revoked, where such revocation has a Material Adverse Effect (and, for the avoidance of doubt, no such Material Adverse Effect shall occur in circumstances where a Material Licence is revoked, but a similar licence is subsequently granted to another member of the Group); or

Material Licence means any licence granted under Article 92 or Article 77 of the Air Navigation Order or under Part IV of the Airports Act.