Material Partnership definition
Material Partnership means (i) any general or limited partnership in which the Borrower or a Guarantor is a General Partner, or (ii) any general or limited partnership in which the Borrower or a Guarantor is a Limited Partner and (A) has total assets equal to or greater than 5% of Consolidated Total Assets (calculated as of the most recent fiscal period with respect to which the Agent shall have received the Required Information or (B) has net income equal to or greater than 5% of Consolidated Net Income (calculated for the most recent period for which the Agent has received the Required Financial Information).
Material Partnership means each of the Camrose Partnership, CF&I -------------------- Steel, L.P. and any other partnership in which Borrower or any Subsidiary has an Investment in excess of $10,000,000.