Subsidiary Assets. (a) Permit, IDGenetix, Inc. at any time to have or maintain (i) operations; (ii) income; (iii) Collateral Accounts; or (iv) assets in an aggregate value in excess of Five Thousand Dollars ($5,000.00) and (b) make, or permit any Subsidiary to make, any Transfer to IDGenetix, Inc.
Subsidiary Assets. Permit the aggregate value of all assets held at Borrower’s Subsidiaries that are not either co-Borrowers or secured Guarantors hereunder to exceed One Million Dollars ($1,000,000).”
Subsidiary Assets. Section 7.12 of the Loan Agreement is hereby amended and restated in its entirety as follows:
Subsidiary Assets. New Section 7.1 hereby is added to the Loan Agreement to read in its entirety as follows:
Subsidiary Assets. (a) As of the date hereof, and immediately prior to the Effective Time, Subsidiary shall retain all Subsidiary Assets, as defined in Section 1.1 above. Subsidiary Assets shall include, but not be limited to, those assets set forth in Schedule 2.1(a) attached hereto and by this reference made a part hereof. To the extent any of the Subsidiary Assets are currently held in the name of Parent, as of the date hereof, and immediately prior to the Effective Time, Parent hereby transfers, contributes, assigns, distributes and conveys to Subsidiary all of Parent’s right, title and interest, if any, in and to the Subsidiary Assets (the “Transfer”). Subsidiary hereby accepts any such Transfer from Parent, effective concurrently therewith.
Subsidiary Assets. To Seller's knowledge, there are no assets owned by any of its subsidiaries that are necessary for Buyer, following the Closing, to carry on the business conducted by Seller prior to the Closing (other than Seller's manufacturing and retail store operations). Schedule 2.17 sets forth all material accounts receivable and inventories (other than those related to Seller's manufacturing and retail stores) that are owned by Seller's subsidiaries, if any (the "Subsidiary A/R and Inventory"). Buyer and Seller acknowledge and agree that the Subsidiary A/R and Inventory is not a part of the Purchased Assets.
Subsidiary Assets. No Subsidiary, other than the Foreign Subsidiaries and Domestic Subsidiaries, owns assets other than as disclosed on Schedule 9.23, which Schedule describes both the type and approximate value of such assets.
Subsidiary Assets. Permit the aggregate value of all of the assets held at Borrower’s Subsidiaries and Affiliates that are not co-borrowers or secured Guarantors hereunder to exceed fifteen percent (15%) of the consolidated asset value of Borrower and all of its Subsidiaries and Affiliates at any time.
Subsidiary Assets. Permit the aggregate value of all unrestricted cash held by (i) JASK LABS LLC, a Delaware limited liability company, to exceed One Million Dollars ($1,000,000) at any time, and (ii) DRAGON MERGER SUB II, LLC, a California limited liability company, to exceed One Million Dollars ($1,000,000) at any time.”
Subsidiary Assets. 19 2.18 Schedules........................................................... 19
