Material Subsidiary

Material Subsidiary. Any of

Material Subsidiary. Any subsidiary of the Company (a) whose total assets represent forty percent (40%) or more of the total gross fair market value of all of the assets of the Company and its subsidiaries (taken as a whole) at any time in the current fiscal year or in any of the two most recently completed fiscal years or (b) credited under GAAP with forty percent (40%) or more of the total revenues of the Company and its subsidiaries (taken as a whole) in the current fiscal year or in any of the two most recently... completed fiscal years. View More

Material Subsidiary. Means, at any time, (a) each Subsidiary that would be a "significant subsidiary" within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC and (b) each other Subsidiary designated as a "designated subsidiary" by the Applicant. The Applicant will designate one or more Subsidiaries as "designated subsidiaries" when and as necessary in order that there will at no time be two or more Subsidiaries that are not Material Subsidiaries under the preceding sentence but that, if... considered together as a single Subsidiary, would cause the total for all such Subsidiaries to exceed 20% of either (i) Consolidated Total Assets at such time or (ii) Consolidated Net Revenue for the period of four calendar quarters ended at or most recently prior to such time. View More

Material Subsidiary. A Subsidiary of the Company which owns or holds, directly or indirectly, assets accounting for 10% or more of the aggregate, consolidated assets of the Company, as indicated on the most recent consolidating balance sheets delivered to Agent pursuant to Section 6(a) hereof, and which shall include, without limitation, ALLETE Properties, LLC but shall exclude ALLETE Water Services, Inc.

Material Subsidiary. Of any Person means, as of any date, any Subsidiary of which such Person's proportionate share of such Subsidiary's total assets (after intercompany eliminations) exceeds 15 percent of the total assets of such Person on a consolidated basis.

Material Subsidiary. Any Subsidiary that meets either of the following conditions: (1) the Maker's and its Subsidiaries' investments in and advances to such Subsidiary exceed 10% of the Maker's and its Subsidiaries' total assets consolidated (determined in accordance with United States generally accepted accounting principles) as of the end of the most recent fiscal quarter; or (2) the Maker's and its Subsidiaries' proportionate share of the total assets (after intercompany eliminations) of such Subsidiary exceeds... 10% of the Maker's and its Subsidiaries' total assets consolidated (determined in accordance with United States generally accepted accounting principles) as of the end of the most recent fiscal quarter. View More

Material Subsidiary. As at any date of determination, any Subsidiary of KMI whose total tangible assets (for purposes of the below, when combined with the tangible assets of such Subsidiary's Subsidiaries, after eliminating intercompany obligations) as at such date of determination are greater than or equal to 5% of Consolidated Tangible Assets as of the last day of the fiscal quarter most recently ended for which financial statements of KMI have been filed with the SEC.

Material Subsidiary. Means (i) each Subsidiary of Maker that, as of the last day of the fiscal quarter of Maker most recently ended for which financial statements are required to be delivered under Section 8(f), had revenues or total assets for such quarter in excess of 10% of the consolidated revenues or total assets, as applicable, of Maker for such quarter, and (ii) any group comprising Subsidiaries of Maker that each would not have been a Material Subsidiary under clause (i) but that, taken together, as of the... last day of the fiscal quarter of Maker most recently ended for which financial statements are required to be delivered under Section 8(f), had revenues or total assets for such quarter in excess of 10% of the consolidated revenues or total assets, as applicable, of Maker for such quarter. View More

Material Subsidiary. Amended by adding the text "(or such longer period as the Administrative Agent may agree to in writing)" immediately after "within 30 days of the Closing Date" therein.