Common use of Financial Assistance or Capital Contributions Clause in Contracts

Financial Assistance or Capital Contributions. The Borrower will not, and will not permit any other Harvest Parties to: (i) provide any guarantee, loan or other financial assistance to any Person, other than to or for the benefit of another Harvest Party; or (ii) make any contributions of capital or any other forms of equity investment in any Person that is not a Harvest Party; which in aggregate exceeds $25,000,000 (or the Canadian Dollar Exchange Equivalent thereof) at any particular time (as determined from and after the Closing Date and, for certainty, (A) any equity investment will be valued at the time such investment is made and (B) any financial assistance or equity investments, to the extent repaid or otherwise returned, will be excluded from any subsequent determination of this limit).

Appears in 4 contracts

Samples: Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Energy Trust), Bridge Credit Agreement (Harvest Energy Trust)

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