Additional Permitted Investments Clause Samples

Additional Permitted Investments. Section 5.07 of the Credit Agreement is amended by: (i) substituting the dollar amount "$154,000,000" for the dollar amount "$134,000,000" set forth in clause (d) thereof; (ii) redesignating clause (n) thereof as clause (o) and substituting a reference to "this clause (o)" for the reference to "this clause (n)" contained therein;
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Additional Permitted Investments. For so long as any Commercial Paper issued by a Conduit Purchaser holding an interest in a Series 2010-3 Note is being rated by Standard & Poor's, neither the Master Servicer nor RCFC shall invest, or direct the investment of, any funds on deposit in the Group VII Collection Account, the Series 2010-3 Accrued Interest Account, the Series 2010-3 Excess Funding Account or the Series 2010-3 Cash Collateral Account in a Permitted Investment that is a Permitted Investment pursuant to clause (viii) of the definition thereof (an “Additional Permitted Investment”), unless the Master Servicer shall have received confirmation in writing from Standard & Poor's that the investment of such funds in an Additional Permitted Investment will not cause the rating on such Commercial Paper being rated by Standard & Poor's to be reduced or withdrawn.
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Additional Permitted Investments. Section 5.07 of the Agreement is amended by: (i) deleting the amount "$68,000,000" and replacing it with the amount "$73,000,000" in clause (e) thereof; (ii) renumbering clause (g) thereof as clause (h); and (iii) inserting a new clause (g) immediately following clause (f) thereof, to read in its entirety as follows:
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Additional Permitted Investments. If (i) the Unrestricted Cash of the Parent Company (determined on a stand-alone basis) is $200,000 or less as of the last day of any calendar month ending on or after December 31, 2007, and (ii) the Borrower is not permitted to make Restricted Payments to the Parent Company pursuant to paragraph (e) of Section 7.6 on the last day of such calendar month, then, within fifteen (15) days following the last day of such calendar month, the Parent Company shall (A) undertake and complete arrangements for the receipt by the Parent Company of the cash proceeds of new Permitted Investments in the minimum aggregate amount of $500,000, (B) provide to the Administrative Agent a written notice (1) confirming the Parent Company’s receipt of the cash proceeds of such new Permitted Investments, (2) specifying the amount (if any) of such new Permitted Investments that constitutes the aggregate cash proceeds from the issue of Permitted Equity Interests, identifying the Permitted Equity Interests so issued by the Parent Company, and identifying the purchasers of such Permitted Equity Interests, (3) specifying the amount (if any) of such new Permitted Investments that constitutes the aggregate original principal amount of new Permitted Investor Loans, and identifying the lenders of such new Permitted Investor Loans, (4) confirming that each of the lenders thereof is bound by a Standstill Agreement, and (5) setting forth the Unrestricted Cash of the Parent Company (determined on a stand-alone basis) after giving effect to the Parent Company’s receipt of such new Permitted Investments, and (C) provide to the Administrative Agent true and complete copies of all Instruments and Governing Documents evidencing or governing such new Permitted Investments that have not already been provided to the Administrative Agent. The Principal Companies understand and agree that any breach by the Parent Company of its obligations under this paragraph (g) shall be an Event of Default under Section 8.1(b).
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Additional Permitted Investments. (a) The definition of "Additional Capital" in Section 1.01 of the Credit Agreement is amended to read as follows:
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Additional Permitted Investments. Section 5.07 of the Credit Agreement is amended by (i) deleting the "and" at the end of clause (n) thereof, (ii) renumbering clause (o) thereof as clause (p) and substituting a reference to "clause (p)" for the reference to "clause (o)" contained therein and (iii) adding a new clause (o) immediately after clause (n) thereof, to read in its entirety as follows:
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Related to Additional Permitted Investments

  • Permitted Investments At any time, any one or more of the following obligations and securities:

  • Collateral Fund Permitted Investments The Company shall, at the written direction of the Purchaser, invest the funds in the Collateral Fund in Collateral Fund Permitted Investments. Such direction shall not be changed more frequently than quarterly. In the absence of any direction, the Company shall select such investments in accordance with the definition of Collateral Fund Permitted Investments in its discretion. All income and gain realized from any investment as well as any interest earned on deposits in the Collateral Fund (net of any losses on such investments) and any payments of principal made in respect of any Collateral Fund Permitted Investment shall be deposited in the Collateral Fund upon receipt. All costs and realized losses associated with the purchase and sale of Collateral Fund Permitted Investments shall be borne by the Purchaser and the amount of net realized losses shall be deposited by the Purchaser in the Collateral Fund promptly upon realization. The Company shall periodically (but not more frequently than monthly) distribute to the Purchaser upon request an amount of cash, to the extent cash is available therefore in the Collateral Fund, equal to the amount by which the balance of the Collateral Fund, after giving effect to all other distributions to be made from the Collateral Fund on such date, exceeds the Required Collateral Fund Balance. Any amounts so distributed shall be released from the lien and security interest of this Agreement.

  • Permitted Indebtedness Neither the Company nor any Subsidiary ---------------------- will create, incur or assume any Indebtedness other than: (a) Indebtedness represented by or incurred under the Notes and the Purchase Agreement and the Revolving Credit Facility; (b) Indebtedness incurred to prepay or repay in full the remaining outstanding principal amount of Notes and all other amounts due thereon or under the Purchase Agreement; (c) Indebtedness existing on the Closing Date and identified on the Disclosure Schedule; (d) Indebtedness incurred solely as an extension, renewal, refinancing or replacement of Indebtedness of the Company or of its Subsidiaries under clause (iii) above (but excluding any Indebtedness under clause (iii) above to the extent such Indebtedness is repaid with the proceeds from the sale of the Notes and Warrants), provided that any such extension, renewal or refinancing (A) shall be on terms which on balance are substantially as favorable to the Company (or the relevant Subsidiary) as the terms of such existing Indebtedness (other than changes in the amount of the interest rate and other than the imposition of additional Liens permitted by Section 9.10(f) hereof) and (B) shall not be in a greater principal amount or have a shorter average life or earlier maturity than such existing Indebtedness; (e) Indebtedness in an aggregate principal amount outstanding not exceeding $20,000,000 incurred solely to finance the purchase price of additional towers and related facilities and equipment; (f) Interest Rate Protection Agreements required by the Revolving Credit Facility or incurred for hedging purposes in the ordinary course of business; and (g) Additional Indebtedness in an amount which , together with sale and leaseback obligations permitted under Section 9.11, does not exceed $2,000,000.

  • Acquisitions and Investments Borrower will not, nor will it permit any Subsidiary of Borrower to, make or suffer to exist any Investments (including without limitation, loans and advances to, and other Investments in, Subsidiaries of Borrower), or commitments therefor, or become or remain a partner in any partnership or joint venture, or to make any Entity Acquisition of any Person, except: (i) Cash Equivalents; (ii) Investments in existing Subsidiaries of Borrower, Investments in Subsidiaries of Borrower formed for the purpose of developing or acquiring industrial properties, or Investments in existing or newly formed joint ventures and partnerships engaged solely in the business of purchasing, developing, owning, operating, leasing and managing industrial properties; (iii) transactions permitted pursuant to Section 6.12; (iv) Investments permitted pursuant to Section 6.23; and (v) Entity Acquisitions of Persons whose primary operations consist of the ownership, development, operation and management of industrial properties; provided that, after giving effect to such Entity Acquisitions and Investments, Borrower continues to comply with all its covenants herein. Entity Acquisitions permitted pursuant to this Section 6.15 shall be deemed to be “Permitted Acquisitions”.

  • Restricted Investments Make any Restricted Investment.