Significant Group definition

Significant Group means any group of Restricted Subsidiaries of any of the Obligors that, taken together (as of the latest audited consolidated financial statements of such Obligor and its Restricted Subsidiaries), would constitute a Significant Subsidiary.
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Significant Group means any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary.
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Examples of Significant Group in a sentence

  • The Borrower will not permit any Significant Subsidiary or (in a series of related transactions) any Significant Group of Subsidiaries to consolidate with, merge with or into or transfer all of any substantial part of its assets to any Person other than the Borrower or a Subsidiary of the Borrower.

  • In the event of a declaration of acceleration because an Event of Default set forth in clause (e) above has occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event of default triggering such Event of Default pursuant to clause (e) shall be remedied or cured by the Company or the relevant Significant Group Member or waived by the holders of the relevant Indebtedness within 60 days after the declaration of acceleration with respect thereto.

  • The Company, the Significant Group Companies and the Founder Parties shall procure the timely completion of the Remaining Restructuring Steps.

  • If any two (2) or more Inactive Subsidiaries (a "Significant Group") taken together would constitute a Significant Subsidiary, Borrower shall cause so many of such Inactive Subsidiaries to become a party hereto (by executing and delivering an Assumption Agreement to this Agreement) as is necessary to cause the remaining Person(s) in such group to cease to be a Significant Group.

  • The Company and each other Significant Group Company is duly organised, validly existing and in good standing under, and by virtue of, the relevant laws in the jurisdiction of its incorporation, and has all requisite power and authority to carry on its business as now conducted.

  • Balance Sheet Risk and Significant Group Concentrations of Credit Risk First Financial and Citizens are parties to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers.

  • Each of the Company and the other Significant Group Companies has good and marketable title to all of its material tangible properties and material assets, personal and mixed, used or held for use in its business, and in each case such property and assets are not subject to any Lien other than Permitted Liens.

  • The Significant Group Companies do not own or hold the legal title to any land, building or other real property and Section 3.14 of the Disclosure Schedule sets out all the material land and buildings leased or occupied by the Significant Group Companies (“Properties”, and each, a “Property”).

  • In relation to each Property, there is no material subsisting breach, nor any material non-observance of any covenant, condition or agreement contained in the tenancy or lease on the part of either the relevant landlord or the relevant Significant Group Company.

  • To the Company and any Significant Group Company: Building 16 ▇▇.▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇ Lianjia Real Estate Agency Co., Ltd.