Immaterial Subsidiaries. Each Loan Party will not permit any Immaterial Subsidiary to (a) own any assets (other than assets of a de minimis nature), (b) have any liabilities (other than liabilities of a de minimis nature), or (c) engage in any business activity.
Appears in 7 contracts
Samples: Credit Agreement (GoPro, Inc.), Credit Agreement (Salem Media Group, Inc. /De/), Credit Agreement (GoPro, Inc.)
Immaterial Subsidiaries. Each No Loan Party will not may permit any Immaterial Subsidiary to (a) own any assets (other than assets of a de minimis nature), (b) have any liabilities (other than liabilities of a de minimis nature), or (c) engage in any business activity.
Appears in 3 contracts
Samples: Credit Agreement (Hudson Technologies Inc /Ny), Credit Agreement (Hudson Technologies Inc /Ny), Credit Agreement (Hudson Technologies Inc /Ny)
Immaterial Subsidiaries. Each Loan Party will not permit any Immaterial Subsidiary to (a) own any assets (other than assets of a de minimis nature), (b) have any liabilities (other than liabilities of a de minimis nature), or (c) engage in any business activityactivity (other than business activity of a de minimis nature).
Appears in 2 contracts
Samples: Credit Agreement (Insteel Industries Inc), Credit Agreement (Insteel Industries Inc)
Immaterial Subsidiaries. Each Loan Party will not permit any Immaterial Subsidiary to (a) own any assets (other than assets of a de minimis nature), (b) have any liabilities (other than liabilities of a de minimis nature), or (c) engage in any business activity. 7.
Appears in 1 contract
Immaterial Subsidiaries. Each Loan No Credit Party will not permit any of its Immaterial Subsidiary Subsidiaries to (a) own any assets (other than assets of a de minimis nature), (b) have any liabilities (other than liabilities of a de minimis nature), or (c) engage in any material business activity.
Appears in 1 contract
Samples: Credit Agreement (La-Z-Boy Inc)
Immaterial Subsidiaries. Each Loan Party Parties will not permit any Immaterial Subsidiary to (a) own any assets (other than assets of a de minimis nature), (b) have any liabilities (other than liabilities of a de minimis nature), or (c) engage in any business activity.
Appears in 1 contract
Immaterial Subsidiaries. Each The Loan Party will Parties shall not permit any the Immaterial Subsidiary Subsidiaries to (a) own any assets (other than assets of a de minimis nature), (b) have any liabilities (other than liabilities of a de minimis nature), or (c) engage in any business activity.
Appears in 1 contract
