Common use of Material Subsidiary Clause in Contracts

Material Subsidiary. At the relevant time of determination, any ----------------------- Subsidiary (other than a Guarantor) with a Consolidated Net Worth of less than $500,000.

Appears in 5 contracts

Sources: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)