Material Domestic Subsidiary means any Domestic Subsidiary, aside from any SPV, with Consolidated Adjusted Net Income of 15% or more of the Companys Consolidated Adjusted Net Income, in each case for the four consecutive fiscal quarters most recently ended.
Material Domestic Subsidiary means a wholly-owned Domestic Subsidiary that is not an Immaterial Subsidiary or an Excluded Subsidiary.
“Material Domestic Subsidiary” means any Domestic Subsidiary of the (excluding Graybar Services, Inc. and Graybar Financial Services, Inc.) which, together with its Subsidiaries on a consolidated basis during the 12 month period preceding such date of determination, represents 5% or more of the consolidated revenues of the and its Subsidiaries.
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