Material Guarantor means any Guarantor that is itself a Significant Subsidiary pursuant to clause (a) or (b) of the definition thereof (without giving effect to the aggregation in the proviso to such definition).
Material Guarantor means (a) the Parent and (b) any Guarantor that, individually, (i) accounts for more than five percent (5%) of the gross revenues of the members of the Consolidated Group on a consolidated basis determined in accordance with GAAP, (ii) accounts for more than five percent (5%) of net income of the members of the Consolidated Group on a consolidated basis determined in accordance with GAAP, or (iii) constitutes more than five percent (5%) of Consolidated Total Assets.
Material Guarantor means, at any time, a Guarantor having (i) at least 10% of Consolidated total assets of Group and its Subsidiaries (determined as of the last day of the most recent Fiscal Quarter) or (ii) at least 10% of Consolidated EBITDA of Group and its Subsidiaries for the 12-month period ending on the last day of the most recent Fiscal Quarter.
Examples of Material Guarantor in a sentence
Material Guarantor defaults become an event of default if not cured within 30 days of written notice.
To that end he made some very specific points on pay structure (not pay cuts); He went on to make recommendations regarding scrutiny committees and a pay structure for them.
When any Event of Default described in Section 8.1(f) or (g) has occurred and is continuing with respect to the Parent, the Borrower or a Material Guarantor, then all outstanding Loans shall immediately become due and payable together with all other accrued amounts payable under the Credit Documents without presentment, demand, protest or notice of any kind, each of which is expressly waived by the Borrower.
More Definitions of Material Guarantor
Material Guarantor means, at any time of determination, a Guarantor that is a Material Subsidiary.
Material Guarantor means any Guarantor that, as of any date of determination, has (together with its Subsidiaries) tangible assets with an aggregate book value equal to at least 10% of the Consolidated Tangible Assets of the Parent and its Restricted Subsidiaries.
Material Guarantor means, as of any date of determination, one or more Subsidiaries of the Company having aggregate revenues in the most recent preceding 12 month period for which audited or interim financial statements of the Company are available in excess of 3% of the total consolidated revenues of the Company.
Material Guarantor. Holdings and any Subsidiary Guarantor other than an Immaterial Guarantor.
Material Guarantor means any Guarantor which individually constitutes (a) at least 5% of the Borrower’s Consolidated Total Assets as of last day of the most recently ended Test Period on or prior to the date of determination for which Section 6.01 Financials were required to be delivered or (b) at least 5% of the consolidated revenues of the Borrower and its Restricted Subsidiaries for the most recent Test Period on or prior to the date of determination for which Section 6.01 Financials were required to be delivered.
Material Guarantor means (i) each of Celebrity Cruise Lines Inc., RCI Holdings LLC, RCL Cruise Holdings LLC and RCL Cruises Ltd (and each of their respective successors) and (ii) any other entity that becomes a First Priority Guarantor, a Second Priority Guarantor or a Third Priority Guarantor after the effectiveness of Amendment and Restatement No.5.
Material Guarantor means any Guarantor other than a Guarantor which, at the pertinent time, has less than $200,000 in tangible assets and less than $1,000,000 in fair market value of total assets.