Investment and Loans. The Borrower and Guarantor will not, directly or indirectly, acquire, purchase or otherwise make any investment in or make any loans to acquire any interest whatsoever in, any other person in an amount in excess of $1,000,000 in cash per acquisition or an aggregate amount of $5,000,000 in cash; except
(1) Qualified Investments, or (2) the stock of any existing subsidiaries disclosed to the Lender in writing in the Loan application, or (3) upon obtaining written consent of Lender, provided in each case that all such organizations are in the transportation business.
Investment and Loans. Hibbett and the Consolidated Entities on a -------------------- consolidated basis will not, directly or indirectly, purchase or otherwise acquire any stock, security, obligation or evidence of indebtedness of, make any capital contribution to, own any equity interest in, or make any loan or advance to, any other person; provided, however, that it may acquire and continue to hold (A) all stock of and own interests in the persons that constitute or, after giving effect to such purchase, will constitute Consolidated Entities; and (B)
Investment and Loans. Borrower shall not make any loan, advance, extension of credit, or capital contribution to any person or legal entity; nor purchase or otherwise acquire for a consideration, evidences of indebtedness, capital stock or other securities of any person or legal entity, and except with respect to the acquisition of motels in the ordinary course of Borrower's business.
Investment and Loans. The Owner Participant shall have made available to the Grantor Trustee the full amount of its Investment and the Pass Through Trustee shall have purchased the applicable Secured Notes required to be purchased by it on the Closing Date pursuant to Section 2.
Investment and Loans. The Borrower will not, directly or indirectly, purchase or otherwise acquire any stock, security, obligation or evidence of indebtedness of, make any capital contribution to, own any equity interest in, or make any loan or advance to, any other person; provided, however, that it may acquire and continue to hold Permitted Investments.
Investment and Loans. The Owner Participant shall have made -------------------- available to the Owner Trustee the full amount of its Investment, and the Pass Through Trustee shall have purchased the Secured Notes required to be purchased by it on the Funding Date pursuant to Section 2.
Investment and Loans. Except for the MCC Note, no Obligor will make or permit to exist any loans or advances, to, or purchases of or investments in, or acquisitions from any officer, shareholder, director or employee of MHG or any of its Subsidiaries.
Investment and Loans. The Owner Participant shall have made available to the Lessor the full amount of its Investment and each Loan Participant shall have purchased the applicable Notes in the aggregate principal amount set forth opposite the name of such Loan Participant on Schedule 2.2 hereto, which are required to be purchased by it on the Closing Date pursuant to Section 2.
Investment and Loans. Neither the Borrower nor any subsidiary shall make any loan, advance, extension of credit, or capital contribution to, or purchase or otherwise acquire for a consideration, evidences of indebtedness, capital stock or other securities of any person, except that (a) the Borrower may invest, by way of purchase of securities or capital contributions, in the Subsidiary Banks or any other bank or banks, and upon the Borrower's purchase or other acquisition of fifty percent (50%) of the stock of any bank, such bank shall thereupon become a "Subsidiary Bank" for all purposes under this Agreement; (b) the Borrower may invest, by way of loan, advance, extension of credit (whether in the form of lease, conditional sales agreement, or otherwise), purchase of securities, capital contributions, or otherwise, in subsidiaries other than banks or Subsidiary Banks; (c) the Borrower and any subsidiary may purchase or otherwise acquire or own short-term money market items (specifically including but not limited to preferred stock mutual funds); and (d) the Subsidiary Banks may make any
Investment and Loans. The Group’s investment and loans business comprise of (i) equity and fixed income investment, (ii) direct equity investment and (iii) structured finance and loans. Based on the Group’s investment objectives, it aims to achieve an optimal allocation and balance between investment returns and tolerable risks. For equity investments, the Group focuses on investing in companies in the innovative technology, biotechnology, healthcare industries and other new economy industries that have clear plans for public listings in Hong Kong, Mainland China or overseas. Some of these target investments are unicorn start-up companies, with broad market recognition and strong growth potential. For debt investments, the Group prefers short-to-medium duration products with good credit standing and remarkable offshore premium. For structured financing, the Group focuses on structured finance of cross-border quality asset and debt-equity hybrid investments in enterprises with high growth potential. For the years ended 31 December 2018, 2019 and 2020, the Group’s revenue and other income from the Group’s investment and loan business was HK$690.9 million, HK$859.2 million and HK$1,501.6 million, respectively, representing 46.6%, 54.7% and 68.5% of the Group’s total revenue and other income, respectively. The Group invests in equity and fixed income securities as well as public and private funds on a proprietary basis and adopts a prudent and well-considered investment approach that aims to achieve a balance between mitigating risk and obtaining investment returns. The Group performs comprehensive analysis, develop unique perspectives and invests in a broad spectrum of securities. In light of recent turbulence in the global capital markets and macroeconomic factors, the Group is currently focusing on fixed income securities as part of its overall investment strategy. The Group aims to achieve stable interest income through a portfolio of fixed income securities, including, but not limited to, investment grade bonds, high yield bonds and preference shares. The Group focuses on a thorough analysis of each fixed income security, assesses the relevant industry landscape, issuer background, credit fundamentals, capital structure, currency and credit ratings, and evaluates the overall risk-adjusted returns before making an investment decision. In pursuit of stable returns, the Group also seeks investment opportunities in high quality equity investments. The Group selects equity securiti...
