Subsidiary Payment Sample Clauses
The Subsidiary Payment clause establishes the obligation for a parent company or another related entity to make payments on behalf of its subsidiary under certain circumstances. Typically, this clause applies when the subsidiary is unable to fulfill its payment obligations, such as repaying a loan or settling a debt, and the parent company steps in to ensure the creditor receives payment. Its core practical function is to provide assurance to creditors or counterparties that payment will be made even if the subsidiary defaults, thereby reducing credit risk and increasing the likelihood of contract fulfillment.
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Subsidiary Payment. The amount of contribution payable under this Section by any Guarantor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Guarantor.
Subsidiary Payment. The amount of contribution payable under this Section 15 by any Indemnitor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Indemnitor.
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.
Subsidiary Payment. The amount of contribution payable under this Contribution Agreement by any Guarantor with respect to the Guaranty Agreement shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Guarantor with respect to the Guaranty Agreement.
Subsidiary Payment. The amount of contribution payable under this Agreement by any Loan Party shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Loan Party.
Subsidiary Payment. The amount of contribution payable under this Section by any Indemnitor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Indemnitor.