Common use of Inactive Subsidiaries Clause in Contracts

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a net book value in excess of $500,000, (b) has any material liabilities or (c) is engaged in any trade or business.

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a net book value in excess of $500,00010,000, (b) has any material liabilities or (c) is engaged engages in any trade or businessbusiness activities.

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a net book value which, when taken together with the net book value of the assets of all other Inactive Subsidiaries exceeds $500,000 in excess of $500,000the aggregate, (b) has any material liabilities or (c) is engaged in any trade or businessbusiness (other than the maintenance of its existence and activities incidental thereto).

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a net book value in excess of $500,00010,000, (b) has any material liabilities or (c) is engaged in any trade or business.

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a an aggregate net book value in excess of $500,000US$40,000, (b) has any material liabilities or (c) is engaged engages in any trade or businessbusiness activities.

Inactive Subsidiaries. No Inactive Subsidiary (a) has engages in any assets with a net book value in excess of $500,000business or conducts any operations, (b) has any material liabilities owns assets with a book value of more than $10,000 in the aggregate or (c) is engaged obligated to any Borrower or Guarantor in respect of any trade indebtedness or businessliabilities.

Inactive Subsidiaries. No Inactive Subsidiary (a) has any assets with a an aggregate net book value in excess of $500,000US$40,000, (b) has any material liabilities or (c) is engaged engages in any trade or businessbusiness activities.