Common use of Subsidiary Payment Clause in Contracts

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.

Appears in 8 contracts

Samples: Credit Agreement (Varco International Inc /De/), Guaranty and Contribution Agreement (Interstate Hotels & Resorts Inc), Guaranty and Contribution Agreement (Lasalle Hotel Properties)

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Subsidiary Payment. The amount of contribution payable under this Section 9 by any Guarantor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Guarantor.

Appears in 7 contracts

Samples: Pledge and Security Agreement (LaSalle Hotel Properties), Pledge and Security Agreement (LaSalle Hotel Properties), Guaranty and Contribution Agreement (LaSalle Hotel Properties)

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.

Appears in 4 contracts

Samples: Management Agreement (American General Hospitality Corp), Credit Agreement (American General Hospitality Corp), Credit Agreement (American General Hospitality Corp)

Subsidiary Payment. The amount of contribution payable under this Section 9.05 by any Guarantor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Guarantor.

Appears in 3 contracts

Samples: Credit Agreement (Arkansas Best Corp /De/), Credit Agreement (Arkansas Best Corp /De/), Credit Agreement (Arkansas Best Corp /De/)

Subsidiary Payment. The amount of contribution payable under this Section 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 GuarantorGuarantor with respect to the Guaranty Agreement.

Appears in 2 contracts

Samples: Security Agreement (Able Telcom Holding Corp), Contribution Agreement (Planet Hollywood International Inc)

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Subsidiary Payment. The amount of contribution payable under this Section Contribution Agreement by any Guarantor with respect to the Guarantee Agreement shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such GuarantorGuarantor with respect to the Guarantee Agreement. SECTION 7.

Appears in 1 contract

Samples: Note Purchase Agreement (Hughes Supply Inc)

Subsidiary Payment. The amount of contribution payable under this Section Contribution Agreement by any Guarantor with respect to the Guarantee Agreement shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such GuarantorGuarantor with respect to the Guarantee Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Ryans Family Steakhouses Inc)

Subsidiary Payment. The amount of contribution payable under this Section Agreement by any Guarantor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Guarantor.

Appears in 1 contract

Samples: Subrogation and Contribution Agreement (BMG North America LTD)

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