Foreign Subsidiaries and Joint Ventures. (a) Make or permit any Domestic Subsidiary to make any Investment in any Foreign Subsidiary or any Joint Venture unless the book value of all Investments (including such Investment then being made) in Foreign Subsidiaries and Joint Ventures made on or after the Closing Date does not exceed an amount equal to 30% of the total book value of all assets of the Borrower and its Subsidiaries calculated on a pro forma basis taking into account such Investment; or
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Samples: Term Loan Agreement (Patterson Uti Energy Inc), Credit Agreement (Patterson Uti Energy Inc), Credit Agreement (Patterson Uti Energy Inc)
Foreign Subsidiaries and Joint Ventures. (a) Make or permit any Domestic Subsidiary to make any Investment in any Foreign Subsidiary or any Joint Venture unless the book value of all Investments (including such Investment then being made) in Foreign Subsidiaries and Joint Ventures made on or after the Closing Date does not exceed an amount equal to 3020% of the total book value of all assets of the Borrower and its Subsidiaries calculated on a pro forma basis taking into account such Investment; or
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