Foreign Assets. Permit the aggregate book value of all assets of Obligors and their Subsidiaries which are located outside of the United States and Canada, as determined for Obligors and their Subsidiaries on a consolidated basis in accordance with GAAP, to exceed at any time 5% of the aggregate book value of all assets of Obligors, as determined for Obligors on a consolidated basis in accordance with GAAP. 2.25 Section 7 of the Loan Agreement is amended and restated in its entirety as follows:
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Teavana Holdings Inc)
Foreign Assets. Permit the aggregate book value of all assets of Obligors and their Subsidiaries which are located outside of the United States and Canada, as determined for Obligors and their Subsidiaries on a consolidated basis in accordance with GAAP, to exceed at any time 5% of the aggregate book value of all assets of ObligorsObligors and their Subsidiaries, all as determined for Obligors and their Subsidiaries on a consolidated basis in accordance with GAAP.
2.25 Section 7 of the Loan Agreement is amended and restated in its entirety as follows:
Appears in 2 contracts
Samples: Loan and Security Agreement (Teavana Holdings Inc), Loan and Security Agreement (Teavana Holdings Inc)
