Insignificant Subsidiaries means any one or more Subsidiaries (other than a Borrower or a Guarantor) which, if considered in the aggregate as a single subsidiary, would not constitute a “significant subsidiary” as defined in Rule 12b-2 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended.
Insignificant Subsidiaries means (i) as of the Effective Date, the Subsidiaries of Holdings listed on Schedule 1.01F hereto and, thereafter, (ii) any Subsidiary of Holdings which is formed or acquired after the Effective Date and designated as such by the Borrower; provided, however, that no Subsidiary of Holdings may remain, or be designated, as an Insignificant Subsidiary if the assets of such Subsidiary, when taken together with the assets of the other Insignificant Subsidiaries at such time exceed the lesser of (i) 3% Consolidated Total Assets or (ii) $7,500,000 in asset value.
Insignificant Subsidiaries means all Subsidiaries of the Company other than Significant Subsidiaries.
Examples of Insignificant Subsidiaries in a sentence
All of Parent’s Subsidiaries (except Insignificant Subsidiaries) are duly organized, validly existing and in good standing, where applicable, under the laws of their respective jurisdictions of organization, and have all organizational powers and all Material governmental licenses, authorizations, consents and approvals required to carry on their respective businesses as now conducted.
Except such Domestic Subsidiaries that are Guarantors, as of the Closing Date, there are no Domestic Subsidiaries of the Company that are not either (i) Insignificant Subsidiaries or (ii) Excluded Persons.
None of the Insignificant Subsidiaries (i) carries on any substantive business operations or activities or (ii) has assets or liabilities in excess of $50,000.
In calculating compliance with the financial covenants thereafter, the Parent will show the calculations utilized to exclude the Insignificant Subsidiaries from such financial covenants.
All of the Subsidiaries of FMI as of the Initial Closing Date (other than Insignificant Subsidiaries) are identified in Schedule 7.3(w) annexed hereto.
More Definitions of Insignificant Subsidiaries
Insignificant Subsidiaries means (i) as of the Closing Date, the Subsidiaries of Holdings listed on Schedule 1.01F hereto and, thereafter, (ii) any Subsidiary of Holdings which is formed or acquired after the Closing Date and designated as such by the Borrower; provided, however, that no Subsidiary of Holdings may remain, or be designated, as an Insignificant Subsidiary if the assets of such Subsidiary, when taken together with the assets of the other Insignificant Subsidiaries at such time exceed the lesser of (i) 3% Consolidated Total Assets or (ii) $7,500,000 in asset value.
Insignificant Subsidiaries means each of the Subsidiaries of Holdings listed on Schedule 1.1(a).
Insignificant Subsidiaries means Vyyo Brasil Ltd. and SHDIP Ltd.
Insignificant Subsidiaries means, as of any date of determination, each Subsidiary of Parent, if any, which have (i) aggregate gross revenues constituting less than or equal to 5.0% of the consolidated gross revenues of Parent and its Subsidiaries measured for the twelve (12) month period ended immediately prior to such date for which financial statements have been delivered to Agent pursuant to Section 7.01(a), (b), or (c), and (ii) assets constituting less than or equal to 5.0% of the consolidated tangible assets of Parent and its Subsidiaries; provided, that a Subsidiary of Parent will not be considered to be an Insignificant Subsidiary if (x) it is a Loan Party, (y) it, directly or indirectly, guarantees or otherwise provides credit support for any Indebtedness of any Loan Party, and/or (z) it constitutes a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act of 1933, as such regulation is in effect on the Effective Date; provided further, that the following Subsidiaries of Parent are Insignificant Subsidiaries as of the Effective Date: (1) Xxxxxxx Xxxxxxxx Carpentry, LLC, an Illinois limited liability company, and (2) Stock Building Supply of Florida, LLC, a Florida limited liability company.
Insignificant Subsidiaries at any time shall mean one or more Subsidiaries of JCC Holding (in each case, excluding the Borrower), subject to events of the type described in Section 10.06 and/or 10.11, so long as such Subsidiaries when taken together on a combined basis, would have (x) had combined consolidated net income before interest and provision for taxes (excluding non-recurring gains or losses) and adjusted by adding thereto the amount of all amortization of intangibles and depreciation deducted in arriving at consolidated net income for such period for the four consecutive fiscal quarters last ended (taken as one accounting period) prior to the date of any determination pursuant to this definition and for which financial information is then available of less than $500,000 and (y) combined consolidated assets (valued at the higher of fair market value or on a book basis) of less than $1,000,000.
Insignificant Subsidiaries means collectively, Bell Xxxrts International Limited (Jersey), Bell Xxxrts Australia Pty. Limited (Australia), Bell Xxxrts Europe, SAS (France) and Giro Ireland Limited (Ireland).
Insignificant Subsidiaries means, as of any date of determination, each Subsidiary of Parent, if any, which have (i) aggregate gross revenues constituting less than or equal to 5.0% of the consolidated gross revenues of Parent and its Subsidiaries measured for the twelve (12) month period ended immediately prior to such date for which financial statements have been delivered to Agent pursuant to