Define: Material Subsidiary

What does "Material Subsidiary" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.

Definition 1 (AMERICAN TOWER CORP /MA/, seen in 1 filing)

Material Subsidiary means any Subsidiary of the Company whose Adjusted EBITDA, as of the last day of any fiscal year, is greater than ten percent (10%) of the Adjusted EBITDA of the Company and its subsidiaries on a consolidated basis as of such date.

Source: AMERICAN TOWER CORP /MA/ 10-K

Definition 2 (AMPHENOL CORP /DE/, seen in 1 filing)

Material Subsidiary means any Subsidiary with respect to which either of the following criteria has been met: (a) the aggregate revenue generated by such Subsidiary equals or exceeds an amount equal to five percent (5%) of the consolidated aggregate revenues generated by the Company and its Subsidiaries for the period of four consecutive fiscal quarters most recently ended or (b) the aggregate book value of the assets of such Subsidiary equals or exceeds five percent (5%) of the then current book value of all the assets of the Company and its Subsidiaries.

Source: AMPHENOL CORP /DE/ 8-K

Data extracted from 3 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 3
Companies: 2
Keywords:
Material Subsidiarydefinitioncontract languagelegal termSEC filing

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