Significant Domestic Subsidiary definition

Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.

Significant Domestic Subsidiary means a Restricted Subsidiary that is a Significant Subsidiary and a Domestic Subsidiary, other than (i) any such Subsidiary that is an ECA Borrower or an ECA Guarantor, (ii) any such Subsidiary that is a Foreign Subsidiary Holdco, and (iii) any such Subsidiary that is a Subsidiary of Inmarsat.

Significant Domestic Subsidiary means each Domestic Subsidiary (a) that has consolidated total assets of more than $15,000,000 and (b) of which securities or other ownership interests representing more than 80% of the equity or more than 80% of the ordinary voting power or more than 80% of the general partnership interests are, at the time any determination is being made, owned, Controlled or held, directly or indirectly, by the U.S. Borrower.

Examples of Significant Domestic Subsidiary in a sentence

• From time to time such other information regarding the business, affairs or financial condition of Parent, the Borrower or any Significant Domestic Subsidiary (including any Plan or Multiemployer Plan and any reports or other information required to be filed under ERISA) as the Administrative Agent may reasonably request.

• After the Issue Date, the Company shall cause each Significant Domestic Subsidiary that guarantees payment by the Company of any Bank Indebtedness of the Company to execute and deliver to the Trustee a Supplemental Indenture or other instrument pursuant to which such Subsidiary shall guarantee payment of the Notes, whereupon such Subsidiary shall become a Subsidiary Guarantor for all purposes under this Indenture.

• If, after the Issue Date, any Subsidiary (including any newly formed or newly acquired Subsidiary) becomes a Significant Domestic Subsidiary, then the Company shall cause such Subsidiary to execute and deliver to the Trustee a supplemental indenture substantially in the form of Exhibit C to this Indenture pursuant to which such Subsidiary of the Company will fully and unconditionally guarantee payment of the Notes on a senior, unsecured basis on the terms and conditions set forth in this Indenture.

• The Company will cause each Significant Domestic Subsidiary that guarantees payment by the Company of any Bank Indebtedness of the Company or any of the Existing Notes to execute and deliver to the Trustee a Supplemental Indenture or other instrument pursuant to which such Subsidiary will guarantee payment of the Notes, whereupon such Subsidiary will become a Note Guarantor for all purposes under this Indenture.

• Each Significant Domestic Subsidiary of UCLP that is required to become a party to this Agreement pursuant to Section 8.07 of the Credit Agreement shall become an Guarantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex I hereto and shall thereafter have the same rights, benefits and obligations as an Guarantor party hereto on the date hereof.

More Definitions of Significant Domestic Subsidiary

Significant Domestic Subsidiary means a Significant Subsidiary that is not a Foreign Subsidiary; provided that, for purposes of this Agreement, Trellisware and the ViaSat-1 Joint Venture shall not be deemed to be Significant Domestic Subsidiaries.

Significant Domestic Subsidiary means a Domestic Restricted Subsidiary that is a Significant Subsidiary, other than any such Subsidiary that is an ECA Borrower or an ECA Guarantor and any such Subsidiary that is a Foreign Subsidiary Holdco.

Significant Domestic Subsidiary of a Person means a Domestic Subsidiary of such Person that is a Significant Subsidiary of such Person.

Significant Domestic Subsidiary means at any time, (a) each Wholly-Owned Domestic Subsidiary the value of whose Specified US Assets as of the last day of the most recently ended Fiscal Year for which financial statements are available exceeds $50,000,000 individually, (b) each Wholly-Owned Domestic Subsidiary (excluding any ABS Subsidiary) that guarantees any other third-party Indebtedness in a principal amount exceeding $50,000,000 and (c) each Wholly-Owned Domestic Subsidiary of Parent designated or required to be designated as a Significant Domestic Subsidiary pursuant to Section 8.06(b).

Significant Domestic Subsidiary means any Domestic Subsidiary of the Company, as of the last day of the fiscal quarter of the Company most recently ended for which financial statements are available, that is a Significant Subsidiary.

Significant Domestic Subsidiary means (a) each Domestic Subsidiary that Guarantees any Permitted Acquisition Debt or any Material Indebtedness and (b) each Domestic Subsidiary whose (i) Total Assets (when combined with the assets of its subsidiaries, after eliminating intercompany obligations) as of the last day of the most recently ended fiscal quarter of the Borrower were equal to or greater than 5% of the Total Assets of the Borrower and its Subsidiaries on such date or (ii) EBITDA (determined as if references to “Parent and its subsidiaries” in the definitions of “EBITDA”, “Interest Expense” and “Net Income” were references to “such Domestic Subsidiary and its subsidiaries”) as of the last day of the most recently ended fiscal quarter of the Borrower was equal to or greater than 5% of EBITDA; provided that EBITDA for all purposes under this definition shall be calculated for the most recently ended period of four (4) consecutive fiscal quarters of the Borrower for which financial statements have been delivered pursuant to Section 5.01(a) or (b).

Significant Domestic Subsidiary means, at any time, each Domestic Subsidiary other than Domestic Subsidiaries that in the aggregate do not account for more than 10% of the combined revenues (excluding revenues consisting of payments from the Company or any Subsidiary) of the Company and its Domestic Subsidiaries.