Common use of Immaterial Subsidiary Clause in Contracts

Immaterial Subsidiary. Permit any Immaterial Subsidiary, whether --------------------- individually or in the aggregate, to (a) own any material assets, or (b) engage in any business activity whatsoever.

Appears in 2 contracts

Sources: Loan and Security Agreement (System Software Associates Inc), Loan and Security Agreement (System Software Associates Inc)

Immaterial Subsidiary. Permit any Immaterial Subsidiary, whether --------------------- individually or in the aggregate, to (a) own any material assets, or (b) engage in any business activity whatsoever.

Appears in 1 contract

Sources: Loan and Security Agreement (Questron Technology Inc)