Material Joint Venture means a Company Joint Venture in which the Company and the Company Subsidiaries, collectively, have invested, or committed to invest, at least $3.0 million.
Material Joint Venture means a Joint Venture in which the Borrower has made a net equity investment of $15,000,000 or greater. For purposes of this definition, the Borrower’s aggregate Investment in a Joint Venture will be valued at book value as shown on the consolidated balance sheet of the Borrower, as determined in accordance with GAAP.
Material Joint Venture means a Joint Venture in which the Borrower has made a net equity investment of $15,000,000 or greater. For purposes of this definition, the Borrower’s aggregate Investment in a Joint Venture will be valued at (a) the aggregate amount of cash and cash equivalents and the net book value of other property (less, without duplication, the aggregate principal amount of Indebtedness secured by a Lien on such property at the time of contribution unless, after giving effect to the contribution of such property to the Joint Venture and any other transactions occurring in connection therewith, such Indebtedness constitutes an obligation of the Borrower or any of its Subsidiaries) contributed by the Borrower to such Joint Venture minus (b) the aggregate amount of distributions received by the Borrower from such Joint Venture that would be classified as a return of capital (as opposed to a return on investment).
Examples of Material Joint Venture in a sentence
There are, and, since January 1, 2020, there have been, no Actions pending or, to the knowledge of Sellers, threatened or under investigation against, any Company Entity or against, to the Actual Knowledge of Sellers, any Material Joint Venture that is, was or would reasonably be expected to be material to the Company Entities, taken as a whole.
No Company Entity or, to the Actual Knowledge of Sellers, Material Joint Venture, is, or since January 1, 2020 has been, subject to any outstanding order, writ, injunction or decree that is, was or would reasonably be expected to be material to the Company Entities, taken as a whole.
The pharmacies, laboratories, and all other ancillary departments or services located at any Facility or Material Joint Venture Provider Facility or operated for the benefit of such Facility or Material Joint Venture Provider Facility that are required to be separately licensed are duly licensed by the appropriate Governmental Authority.
Schedule IV contains a true and complete list of each parcel of Real Property owned or leased by the Company and its Subsidiaries and Material Joint Ventures on the Initial Borrowing Date, and the type of interest therein held by the Company or such Subsidiary or Material Joint Venture.
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More Definitions of Material Joint Venture
Material Joint Venture means a Joint Venture that, as of the end of the most recent four-quarter period, had (i) total assets which exceeded 10 percent of the total combined assets of the Company at the end of such period or
Material Joint Venture of a Person means a joint venture in which the Person participates, directly or indirectly, whether as a partner, shareholder, interest holder or otherwise, that is material to the financial condition, operations or prospects of the Person on a consolidated basis;
Material Joint Venture means a Joint Venture in which the Borrower has made a net equity investment of $15,000,000 or greater. For purposes of this definition, the Borrower’s aggregate Investment in a Joint Venture will be valued at book value as shown on the consolidated balance sheet of the Borrower, as determined in accordance with GAAP. “Material Recourse Indebtedness” means any Indebtedness of the Parent Guarantor, the Borrower and/or any Subsidiaryof their respective Subsidiaries (other than Indebtedness under the Loan Documents and Indebtedness under Swap Contracts) that (a) does not constitute Non-Recourse Indebtedness, and (b) individually or in the aggregate, has a principal amount (including, without duplication, undrawn committed or available amounts and amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount. “Material Subsidiary” means each Subsidiary or any group of Subsidiaries (i) which, as of the most recent fiscal quarter of the Parent Guarantor or the Borrower, as applicable, for the period of four consecutive fiscal quarters then ended, for which financial statements have been delivered pursuant to Section 6.01, contributed greater than $100,000,000 of Enterprise EBITDA for such period or (ii) which contributed greater than $300,000,000 of Enterprise Gross Asset Value as of such date. A group of Subsidiaries (a “Material Group”) each of which is not otherwise a Material Subsidiary (defined in the foregoing sentence) shall constitute a Material Subsidiary if the group taken as a single entity satisfies the requirements of the foregoing sentence. “Maturity Date” means (a) with respect to the Revolving Facility, the Revolving Maturity Date, and/or (b) with respect to any tranche of Incremental Term Loans, subject to Section 2.16(e)(iii), the date set forth in the applicable Incremental Term Loan Amendment as the “Maturity Date” for such tranche of Incremental Term Loans, in each case, as the context may require. “Maximum Rate” has the meaning specified in Section 10.09. “Moody’s” means Mxxxx’x Investors Service, Inc. and any successor thereto. “Mortgage Lien” means any Lien that encumbers a real property owned by a Person other than Permitted Specified Liens. “Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Borrowera Loan Party or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan ye...
Material Joint Venture means a joint venture in which a party participates, whether as a partner, shareholder, interest holder or otherwise, that is material to that party’s financial condition, operations or prospects;
Material Joint Venture means any Person listed in Section 1.01(f) of the Company Disclosure Schedules.
Material Joint Venture means, at any time, any Permitted Joint Venture that generated at least 10% of the consolidated total revenues of the Company, as determined by reference to the then most recent financial statements provided to the Holders pursuant to Section 4.03(a).
Material Joint Venture means a Joint Venture in which Healthpeak OP has made a net equity investment of $15,000,000 or greater. For purposes of this definition, Healthpeak OP’s aggregate Investment in a Joint Venture will be valued at book value as shown on the consolidated balance sheet of Healthpeak OP, as determined in accordance with GAAP.