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"type": "definition", "offset": [2634, 2661]}, {"key": "indebtedness-and-obligations", "type": "clause", "offset": [2759, 2787]}, {"key": "the-obligors", "type": "clause", "offset": [2822, 2834]}, {"key": "in-existence", "type": "definition", "offset": [2925, 2937]}, {"key": "security-interest", "type": "definition", "offset": [3077, 3094]}, {"key": "assets-or-property", "type": "definition", "offset": [3131, 3149]}, {"key": "the-assets", "type": "clause", "offset": [3153, 3163]}, {"key": "any-other-person", "type": "definition", "offset": [3179, 3195]}, {"key": "direct-or-indirect", "type": "clause", "offset": [3290, 3308]}, {"key": "as-principal", "type": "clause", "offset": [3420, 3432]}], "samples": [{"hash": "5w02u0jkrNA", "uri": "/contracts/5w02u0jkrNA#material-obligor", "label": "Financing Agreement (Lone Star Technologies Inc)", "score": 21.0, "published": true}], "size": 1, "snippet": "means each Obligor which has assets with a book value of Five Hundred Thousand Dollars ($500,000) or more as of the date in question or which had revenues of Five Hundred Thousand Dollars ($500,000) or more for the calendar year preceding the date in question; provided that an intermediate holding company shall not be deemed to be a Material Obligor unless it has assets other than stock of Subsidiaries or revenues independent of its Subsidiaries which meet the foregoing criteria. Maximum Legal Rate shall mean the maximum lawful interest rate which may be contracted for, charged, taken, received or reserved under this Financing Agreement by the Agent and/or the Lenders in accordance with applicable state or federal law (whichever provides for the highest permitted rate), taking into account all items contracted for, charged or received in connection with the Obligations evidenced hereby which are treated as interest under the applicable state or federal law, as such rate may change from time to time. To the extent that any of the optional interest rate ceilings provided in Chapter 303 of the Texas Finance Code, as amended from time to time (the \u201cTexas Finance Code\u201d), apply and may be available for application to any loan(s) or extension(s) of credit evidenced by this Financing Agreement and/or any promissory notes delivered in connection with this Financing Agreement for the purpose of determining the maximum allowable interest under the Loan Documents pursuant to the Texas Finance Code, the applicable interest rate ceiling shall be the \u201cweekly ceiling\u201d (as such term is defined in Section 303.003 of the Texas Finance Code) from time to time in effect; provided, however, that at any time the \u201cweekly ceiling\u201d shall be less that 18%, or more than 24%, per annum, the provisions of Section 303.009(a), or Section 303.009(b), respectively, of the Texas Finance Code shall control for purposes of such determination. MPM shall mean Hengyang \u2587\u2587\u2587\u2587\u2587 MPM Steel Tube Co. Ltd., a subsidiary of VTW. Multiemployer Plan shall mean any plan which is a \u201cmultiemployer plan\u201d (as such term is defined in Section 4001(a)(3) of ERISA) to which each Company or any ERISA Affiliate contributes or has any obligation or liability to make contributions, including any withdrawal liability, contingent or otherwise. Obligations shall mean all loans, advances and extensions of credit made or to be made by the Agent and/or the Lenders to the Companies, or any one of them, or to others for any of the Companies\u2019 account (including, without limitation, all Revolving Loans, all Swingline Loans, Letter of Credit Guaranties and the Cash Management Obligations) at the Companies\u2019 request or as otherwise permitted under this Financing Agreement; any and all indebtedness and obligations which may at any time be owing by the Obligors, or any one of them, to the Agent and/or the Lenders under any Loan Document, whether now in existence or incurred by any of the Obligors from time to time hereafter while still a Subsidiary of Parent; whether secured by pledge, lien upon or security interest in any of the Obligors\u2019 Collateral, assets or property or the assets or property of any other Person; whether such indebtedness is absolute or contingent, joint or several, matured or unmatured, direct or indirect and whether the Obligors, or any one of them, are liable to the Agent and/or the Lenders for such indebtedness as principal, surety, endorser, guarantor or otherwise.", "hash": "e93e061f9b2ef622f38be04d68e106eb", "id": 9}, {"snippet_links": [{"key": "consolidated-basis", "type": "clause", "offset": [76, 94]}, {"key": "market-value", "type": "definition", "offset": [146, 158]}, {"key": "in-the-aggregate", "type": "definition", "offset": [183, 199]}], "samples": [{"hash": "7Wdbh2fhKvA", "uri": "/contracts/7Wdbh2fhKvA#material-obligor", "label": "Intercreditor Agreement (Midas Inc)", "score": 18.0, "published": true}], "size": 1, "snippet": "means any Obligor or subsidiary thereof having assets, individually or on a consolidated basis with such Obligor and subsidiaries, with a book or market value in excess of $1,000,000 in the aggregate.", "hash": "5a20c864d49a443da6a501b5ae56f9dc", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIZbWF0ZXJpYWwtb2JsaWdvciMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Material Obligor", "size": 28, "snippet": "(a) the Borrower and (b) each Restricted Subsidiary of the Borrower now existing or hereafter acquired or formed by the Borrower which, as at the end of the most recent fiscal year of the Borrower, Restricted Subsidiary (i) accounted for more than 3% of the consolidated revenues of the Borrower and its Subsidiaries or (ii) owned more than 3% of the consolidated assets of the Borrower and its Subsidiaries.", "id": "material-obligor", "examples": ["No <strong>Material Obligor</strong> is an &quot;investment company&quot; within the meaning of the Investment Company Act of 1940, as amended, or a &quot;holding company&quot;, or a &quot;subsidiary company&quot; of a &quot;holding company&quot;, or an &quot;affiliate&quot; of a &quot;holding company&quot; or of a &quot;subsidiary company&quot; of a &quot;holding company&quot;, within the meaning of the Public Utility Holding Company Act of 1935, as amended.", "Each <strong>Material Obligor</strong> other than PESCO shall, and (except where failure to do so would not, individually or in the aggregate, be reasonably likely to cause a Material Adverse Effect) PESCO and each of its consolidated Subsidiaries shall, promptly pay all Taxes due, except as set forth on SCHEDULE 5.7 and except Taxes for which the criteria for Permitted Liens have been satisfied.", "After giving effect to the transactions contemplated hereunder, each <strong>Material Obligor</strong> will be Solvent.", "Neither any <strong>Material Obligor</strong> nor (except where the same would not, individually or in the aggregate, be reasonably likely to cause a Material Adverse Effect) any other Company is, nor will the execution, delivery, and the performance of and compliance with the terms of the Loan Papers cause any of them to be, in violation of their respective bylaws or charter.", "Except as disclosed on SCHEDULE 5.11 and except for Permitted Liens, there is no Lien on any asset of any <strong>Material Obligor</strong> or (except where the same would not, individually or in the aggregate, reasonably be expected to cause a Material Adverse Effect) any other Company.", "On and after any Transition Date (but solely with respect to the applicable affected Obligor in the case of a Transition Date arising as a result of a <strong>Material Obligor</strong> Default), subject to Section 4.3, all other expenses in connection with such related enforcement and collection activity incurred by Purchaser shall be borne by Purchaser, but only if the obligations of the Seller described in the succeeding sentence are being satisfied by the Seller.", "<strong>Material Obligor</strong>: any Obligor other than A\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Store III and A\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Store II.", "The failure of any <strong>Material Obligor</strong> or (where such failure would, individually or in the aggregate, be reasonably likely to cause a Material Adverse Effect) any other Company (other than Pool Alaska, Inc.) to have discharged within a period of 30 days after the commencement any attachment, sequestration, or similar proceeding against its assets having a value (individually or in the aggregate) of $250,000 or more.", "The occurrence and continuance of a default under any Material Agreement of any <strong>Material Obligor</strong> or (where such default would, individually or in the aggregate, be reasonably likely to cause a Material Adverse Effect) any other Company.", "The occurrence and continuance of a default under any Material Agreement of any <strong>Material Obligor</strong> or (where such default would, individually or in the aggregate, be reasonably likely to cause a Material Adverse Effect) any other Company (other than Pool Alaska, Inc.)."], "related": [["material-obligation", "Material Obligation", "Material Obligation"], ["special-obligor", "Special Obligor", "Special Obligor"], ["material-financial-obligations", "Material Financial Obligations", "Material Financial Obligations"], ["financial-obligation", "Financial Obligation", "Financial Obligation"], ["material-group-company", "Material Group Company", "Material Group Company"]], "related_snippets": [], "updated": "2025-07-07T00:35:48+00:00"}, "json": true, "cursor": ""}}