Material Subsidiary

Material Subsidiary. Means any Subsidiary of the Company which at the date of determination is a "significant subsidiary" as defined in Rule 1-02(w) of Regulation S-X under the Securities Act and the Exchange Act (as such Regulation is in effect on the date hereof).

Material Subsidiary. Means, for any Person, a Subsidiary of such Person which accounts for (i) more than 1% of the consolidated net income of such Person or (ii) more than 1% of such Person's consolidated assets.

Material Subsidiary. At any time, a Subsidiary of RAC ------------------- which as of such time meets the definition of a "significant subsidiary" as in effect at the Closing Date in Regulation S-X of the Securities and Exchange Commission.

Material Subsidiary. Means any Subsidiary with assets, liabilities or operations that is material to the business, operations, properties or financial condition of the Company.

Material Subsidiary. Means any Subsidiary of the Company that during the previous fiscal year generated or contributed more than 20% of Adjusted EBITDA for such fiscal year.

Material Subsidiary. Each subsidiary of the Company identified on Schedule V hereto.

Material Subsidiary. Any Domestic Subsidiary (other than the 401(k) Restoration Plan Trust) which is not an Immaterial Subsidiary.

Material Subsidiary. Any Subsidiary of the Guarantor which together with its Subsidiaries at the time of determination had assets constituting 10% or more of consolidated assets, accounts for 10% or more of Tangible Net Worth, or accounts for 10% or more of the revenues of the Guarantor and its consolidated Subsidiaries for the such fiscal quarter and the three immediately preceding fiscal quarters considered as a single accounting period immediately preceding the date of determination.

Material Subsidiary. Each direct or indirect subsidiary of the Company that owns at least 5% percent of the consolidated total assets of the Company and its subsidiaries as of the last day of any fiscal quarter of the Company or contributes at least 5% of the consolidated revenues of the Company and its consolidated subsidiaries during the twelve- month period ending as of the last day of any fiscal quarter of the Company, in each case as determined pursuant to the Company's quarterly securities filings

Material Subsidiary. Any direct or indirect Domestic Subsidiary of the Borrower (a) that (i) has total assets (including Equity Interests in other Subsidiaries) equal to or greater than 5% of consolidated total assets of the Borrower and its Subsidiaries (calculated as of the end of the most recent fiscal period for which financial statements are required to be delivered pursuant to Section 6.01(a) and (b)), (ii) has revenues equal to or greater than 5% of the consolidated total revenues of the Borrower and its... Subsidiaries (calculated for the most recent Reference Period for which financial statements are required to be delivered pursuant to Section 6.01(a) and (b)), or (iii) has EBITDA (as determined individually for such Subsidiary based on the definition of Consolidated EBITDA) equal to or greater than 5% of EBITDA of the Borrower and its Domestic Subsidiaries (as determined for the Borrower and its direct and indirect Domestic Subsidiaries based on the definition of Consolidated EBITDA and calculated for the most recent Reference Period for which financial statements are required to be delivered pursuant to Section 6.01(a) and (b)); or (b) that Guarantees any Indebtedness under the Existing Term Loan Agreements or any other Indebtedness of the Borrower or any other Loan Party; and in each case which is designated by the Borrower as a Material Subsidiary by written notice to the Administrative Agent in accordance with Section 6.12; provided that, in all events the Material Subsidiaries together with the Borrower shall have (x) total assets equal to or greater than 90% of consolidated total assets of the Borrower and its Domestic Subsidiaries (calculated as of the end of the most recent fiscal period for which financial statements are required to be delivered pursuant to Section 6.01(a) and (b)), and (y) revenues equal to or greater than 90% of the consolidated total revenues of the Borrower and its Domestic Subsidiaries (calculated for the most recent Reference Period for which financial statements are required to be delivered pursuant to Section 6.01(a) and (b)), and (z) EBITDA (as determined for the Borrower and such Material Subsidiaries based on the definition of Consolidated EBITDA) equal to or greater than 90% of EBITDA of the Borrower and its Domestic Subsidiaries (as determined for the Borrower and its direct and indirect Domestic Subsidiaries based on the definition of Consolidated EBITDA and calculated for the most recent Reference Period for which financial statements are required to be delivered pursuant to Section 6.01(a) and (b)). As of August , 2011, the Subsidiaries designated by the Borrower as Material Subsidiaries are those set forth on Schedule 1.01(c). View More