Material Role definition
Material Role means, with respect to any transaction (including but not limited to any Eligible Transaction), that in connection with such transaction, ING (a) acts as the lead underwriter, arranger or similar position, (b) acts as the co-lead underwriter, arranger or similar position, or (c) receives 20% or more of the aggregate compensation paid by Triarc Parties and all CPH Parties in connection with the underwriting or arranging of such transaction.