Material Subsidiaries. Subsidiaries of the Parent Borrower constituting, individually or in the aggregate (as if such Subsidiaries constituted a single Subsidiary), a “significant subsidiary” in accordance with Rule 1-02 under Regulation S-X.
Material Subsidiaries means, at any time, each of the Guarantors and any Subsidiary of the Issuer or any of the Guarantors having, as of the end of the most recent fiscal quarter of the Issuer, total assets greater than 12% of the total assets of the Issuer, the Guarantors and their Subsidiaries on a consolidated basis.
Material Subsidiaries means, collectively, the Material Foreign Subsidiaries and the Material US Subsidiaries.
Examples of Material Subsidiaries in a sentence
The Company shall take out directors and officers insurance for all directors on the board of directors of the Company and the Material Subsidiaries including the nominee of the Investor in a sufficient amount and with such coverage as is generally maintained by responsible companies in the same industry.
The Parties agree that the business conducted by the Company and its Material Subsidiaries is critical for the Company's financial performance and results.
In this regard, the Company agrees that it shall, on a best efforts basis, review the strategy and performance of the Material Subsidiaries twice in each Financial Year.
More Definitions of Material Subsidiaries
Material Subsidiaries means any Subsidiary of the Borrower with respect to which (x) the Borrower’s percentage ownership interest in such Subsidiary multiplied by (y) the book value of the Consolidated Assets of such Subsidiary represents at least 15% of the Consolidated Assets of the Borrower as reflected in the latest financial statements of the Borrower delivered pursuant to clause (i) or (ii) of Section 5.01(h).
Material Subsidiaries. Restricted Subsidiaries of the Borrower constituting, individually (or, solely for purposes of Section 9.1(f), in the aggregate (as if such Restricted Subsidiaries constituted a single Subsidiary)), a “significant subsidiary” in accordance with Rule 1-02 under Regulation S-X.
Material Subsidiaries means the Company’s significant subsidiaries as defined by Rule 1-02(w) of Regulation S-X.
Material Subsidiaries means, at any time, each of the Subsidiary Guarantors and any Subsidiary of the Guarantor or any of the Subsidiary Guarantors having, as of the end of the most recent fiscal quarter of the Guarantor, total assets greater than 12% of the total assets of the Guarantor, the Subsidiary Guarantors and their Subsidiaries on a consolidated basis.
Material Subsidiaries has the meaning given to it in Section 8(v);
Material Subsidiaries means any Subsidiary of the Borrower which is not an Immaterial Subsidiary.
Material Subsidiaries means the entities set out in Schedule A in which the Corporation holds the types and percentages of securities or other ownership interests therein set forth;