Common use of Subsidiary Payment Clause in Contracts

Subsidiary Payment. The amount of contribution payable under this Agreement by any Contributor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Contributor.

Appears in 3 contracts

Sources: Credit Agreement (Newstar Media Inc), Credit, Security, Guaranty and Pledge Agreement (Dove Entertainment Inc), Contribution Agreement (Dove Entertainment Inc)

Subsidiary Payment. The amount of contribution payable under this Agreement by any Contributor Obligor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such ContributorObligor.

Appears in 2 contracts

Sources: Loan Agreement (Invacare Corp), Loan Agreement (Invacare Corp)

Subsidiary Payment. The amount of contribution Contribution payable under this Agreement by any Contributor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Contributor.

Appears in 2 contracts

Sources: Note Agreement (Guilford Mills Inc), Credit, Security, Guaranty and Pledge Agreement (Guilford Mills Inc)