Examples of Included Subsidiary in a sentence
For purposes hereof, “Eligible Receivables” shall mean all trade generated accounts receivable then outstanding for services and for goods, merchandise and other items of tangible Property (collectively, “Products”) sold in the ordinary course of business by the Borrower or any Included Subsidiary.
The Borrower and each Included Subsidiary shall execute and deliver such financing statements and other documents as the Bank may reasonably request to perfect and continue perfection of the Bank’s liens.1.05 F acility Fees.(a) The Borrower shall pay to the Bank an annual commitment fee of $50,000, on September 1 of each calendar year, commencing on the date hereof, and continuing on the 1st day of each September thereafter during the term hereof.
There are no voting trusts, stockholder agreements, proxies or other agreements or understandings in effect with respect to the voting or transfer of any of the Shares or any of the equity interests of any Included Subsidiary.
No outstanding Shares or equity interests in any Included Subsidiary are subject to vesting or forfeiture rights or repurchase by the Company or any Included Subsidiary or any other Person.
The Bank has the right to deem any receivable as ineligible for lending purposes if such receivable is not adequately documented by the books and records of the Borrower or the Included Subsidiary, as applicable.