Common use of Investment and Loans Clause in Contracts

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. 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) acquisitions solely for stock of the Guarantor, or (4) upon obtaining written consent of Lender, provided in each case that all such organizations are in the transportation business.