Common use of Inactive Subsidiaries Clause in Contracts

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a net book value which, when taken together with the net book value of the assets of all other Inactive Subsidiaries exceeds $500,000 in the aggregate, (b) has any material liabilities or (c) is engaged in any trade or business (other than the maintenance of its existence and activities incidental thereto).

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a net book value which, when taken together with the net book value in excess of the assets of all other Inactive Subsidiaries exceeds $500,000 in the aggregate500,000, (b) has any material liabilities or (c) is engaged in any trade or business (other than the maintenance of its existence and activities incidental thereto)business.

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a net book value which, when taken together with the net book value in excess of the assets of all other Inactive Subsidiaries exceeds $500,000 in the aggregate10,000, (b) has any material liabilities or (c) is engaged in any trade or business (other than the maintenance of its existence and activities incidental thereto)business.

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a net book value which, when taken together with the net book value in excess of the assets of all other Inactive Subsidiaries exceeds $500,000 in the aggregate10,000, (b) has any material liabilities or (c) is engaged engages in any trade or business (other than the maintenance of its existence and activities incidental thereto)activities.

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a an aggregate net book value which, when taken together with the net book value in excess of the assets of all other Inactive Subsidiaries exceeds $500,000 in the aggregateUS$40,000, (b) has any material liabilities or (c) is engaged engages in any trade or business (other than the maintenance of its existence and activities incidental thereto)activities.

Inactive Subsidiaries. No Inactive Subsidiary shall (a) has acquire any assets with a net book value which, when taken together with the net book value of the assets of all other Inactive Subsidiaries exceeds $500,000 in the aggregate, (b) has incur any material liabilities (whether to an Affiliate or otherwise) other than for franchise taxes, maintenance fees and other de minimus expenses or (c) is engaged engage in any trade or business (other than the maintenance of its existence and activities incidental thereto).

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a an aggregate net book value which, when taken together with the net book value in excess of the assets of all other Inactive Subsidiaries exceeds $500,000 in the aggregateUS$40,000, (b) has any material liabilities or (c) is engaged engages in any trade or business (other than the maintenance of its existence and activities incidental thereto)activities.