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.
Appears in 2 contracts
Sources: Senior Secured Revolving Credit Agreement (Able Telcom Holding Corp), Revolving Credit Agreement (Planet Hollywood International Inc)
Subsidiary Payment. The amount of contribution payable under this Contribution Agreement by any Guarantor (other than Parent) with respect to the Guaranty Agreement Agreements shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Guarantor with respect to the Guaranty AgreementAgreements.
Appears in 1 contract
Sources: Credit Agreement (Dyersburg Corp)
Subsidiary Payment. The amount of contribution payable under this Contribution Agreement Section 5 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 AgreementGuaranty.
Appears in 1 contract
Sources: Real Estate Term Credit Agreement (Hughes Supply Inc)