Common use of Inactive Subsidiaries Clause in Contracts

Inactive Subsidiaries. The Inactive Subsidiaries do not (a) have assets with an aggregate book value in excess of $1,000,000, (b) have revenue in excess of $1,000,000 in the aggregate and (c) conduct any business activities.

Appears in 12 contracts

Sources: Credit Agreement (Aaron's Company, Inc.), Loan Facility Agreement (Aaron's Company, Inc.), Credit Agreement (Aaron's Company, Inc.)