Common use of Subsidiary Payment Clause in Contracts

Subsidiary Payment. The amount of contribution payable under this Agreement by any Contributor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Contributor.

Appears in 3 contracts

Samples: Credit, Security, Guaranty and Pledge Agreement (Dove Entertainment Inc), Credit Agreement (Newstar Media Inc), Contribution Agreement (Dove Entertainment Inc)

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Subsidiary Payment. The amount of contribution Contribution payable under this Agreement by any Contributor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Contributor.

Appears in 2 contracts

Samples: Note Agreement (Guilford Mills Inc), Credit, Security, Guaranty and Pledge Agreement (Guilford Mills Inc)

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