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Common use of Immaterial Subsidiary Clause in Contracts

Immaterial Subsidiary. Each Loan Party will not permit any Immaterial Subsidiary to (a) own any assets, (b) have any liabilities, or (c) engage in any business activity.

Appears in 4 contracts

Samples: Credit Agreement (Nautilus, Inc.), Credit Agreement (Nautilus, Inc.), Credit Agreement (Nautilus, Inc.)