Common use of Advances to Subsidiaries Clause in Contracts

Advances to Subsidiaries. The Borrower shall make any advance, loan, or extension of credit to or any payment on behalf of or guaranty any obligation of any Subsidiary in excess of $500,000 in the Aggregate without the Lender’s prior written consent.

Appears in 1 contract

Sources: Financing and Security Agreement (ARGON ST, Inc.)

Advances to Subsidiaries. The Borrower shall make any advance, loan, or extension of credit to or any payment on behalf of or guaranty any obligation of any Subsidiary in excess of $500,000 in the Aggregate without the Lender’s 's prior written consent.

Appears in 1 contract

Sources: Financing and Security Agreement (Sensytech Inc)