Common use of Red Iron Clause in Contracts

Red Iron. None of the Borrowers shall, or permit any Subsidiary to, agree to permit Red Iron to retain or defer payment of undisputed amounts due by Red Iron to Toro or any Subsidiary (other than as an offset in payment of amounts due by Toro or such Subsidiaries to Red Iron) in an aggregate amount at any time in excess of $35,000,000.

Red Iron. None of the Borrowers shallThe Borrower shall not, or nor shall it permit any Subsidiary to, agree to permit Red Iron to retain or defer payment of undisputed amounts due by Red Iron to Toro the Borrower or any Subsidiary (other than as an offset in payment of amounts due by Toro the Borrower or such Subsidiaries to Red Iron) in an aggregate amount at any time in excess of $35,000,000.