Common use of Non-Grantor Subsidiaries Clause in Contracts

Non-Grantor Subsidiaries. The aggregate fair market value of all Property (other than any intercompany Indebtedness owed by a Principal Company or its Subsidiaries) owned by Subsidiaries of any Principal Company that are not Grantors does not exceed $5,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Dialogic Inc.), Credit Agreement (Tennenbaum Capital Partners LLC)

AutoNDA by SimpleDocs

Non-Grantor Subsidiaries. The aggregate fair market value of all Property (other than any intercompany Indebtedness owed by a Principal Company or its Subsidiaries) owned by Subsidiaries of any Principal Company that are not Grantors (other than the Brazilian Loan Party and the Israeli Loan Party) does not exceed $5,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Dialogic Inc.), Credit Agreement (Tennenbaum Capital Partners LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!