Common use of Immaterial Subsidiaries Clause in Contracts

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns or generates any Accounts (other than intercompany Accounts) or Inventory located in the United States of America or (ii) has revenues (other than from intercompany Accounts) in any Fiscal Year in excess of $1,000,000.

Appears in 9 contracts

Sources: Term Loan Agreement (Apparel Holding Corp.), Term Loan Agreement (Apparel Holding Corp.), Term Loan Agreement (Apparel Holding Corp.)

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns or generates any Accounts (other than intercompany Accounts) or Inventory located in the United States of America or (iib) has revenues (other than from intercompany Accounts) in any Fiscal Year in excess of $1,000,000.

Appears in 2 contracts

Sources: Credit Agreement (Apparel Holding Corp.), Credit Agreement (Apparel Holding Corp.)

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns or generates any Accounts (other than intercompany Accounts) or Inventory located in the United States of America or (ii) has revenues (other than from intercompany Accounts) in any Fiscal Year in excess of $1,000,000.

Appears in 1 contract

Sources: Loan and Security Agreement (Kellwood Co)