Common use of Investments and Purchases Clause in Contracts

Investments and Purchases. The Borrower shall not, and shall not permit any Insurance Subsidiary to, make or suffer to exist any Investments (including, without limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments therefor, or to create any Subsidiary or to become or remain a partner in any partnership or joint venture, or to make any Purchases, except for (i) in the case of any Insurance Subsidiary, Investments and Purchases approved by applicable insurance departments or commissioners, or as otherwise permitted by, or not prohibited by, applicable insurance laws; and (ii) Permitted Investments.

Investments and Purchases. The Borrower shall will not, and shall the Borrower will not permit any Insurance Subsidiary to, make or suffer to exist any Investments (including, without limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments therefor, or to create any Subsidiary or to become or remain a partner in any partnership or joint venture, or to make any Purchases, except for (i) in the case of any Insurance Subsidiary, Investments and Purchases approved by applicable insurance departments or commissioners, or as otherwise permitted by, or not prohibited by, applicable insurance laws; and (ii) Permitted Investments.