Immaterial Subsidiaries. Each Immaterial Subsidiary (i) owns assets having a book value of which the Dollar Equivalent is less than $100,000 and (ii) had earnings during the most recently ended fiscal year of which the Dollar Equivalent was less than $100,000.
Appears in 2 contracts
Samples: Credit Agreement (Sothebys Holdings Inc), Credit Agreement (Sothebys Holdings Inc)
Immaterial Subsidiaries. Each Immaterial Subsidiary (i) as of the Closing Date, owns assets having a book value of which the Dollar Equivalent is less than $100,000 and (ii) had earnings during the most recently ended fiscal year 2008 Fiscal Year of which the Dollar Equivalent was less than $100,000.
Appears in 2 contracts
Samples: Credit Agreement (Sothebys), Credit Agreement (Sothebys)
Immaterial Subsidiaries. Each Immaterial Subsidiary (i) as of the Closing Date, owns assets having a book value of which the Dollar Equivalent is less than $100,000 and (ii) had earnings during the most recently ended fiscal year 2012 Fiscal Year of which the Dollar Equivalent was less than $100,000.
Appears in 2 contracts
Samples: Credit Agreement (Sothebys), Credit Agreement (Sothebys)
Immaterial Subsidiaries. Each Immaterial Subsidiary (i) as of the Closing Date, owns assets having a book value of which the Dollar Equivalent is less than $100,000 and (ii) had earnings during the most recently ended fiscal year 2003 Fiscal Year of which the Dollar Equivalent was less than $100,000.
Appears in 1 contract
Immaterial Subsidiaries. Each Immaterial Subsidiary (i) as of the Restatement Effective Date, owns assets having a book value of which the Dollar Equivalent is less than $100,000 and (ii) had earnings during the most recently ended fiscal year 2011 Fiscal Year of which the Dollar Equivalent was less than $100,000.
Appears in 1 contract
Samples: Credit Agreement (Sothebys)
