Investments by the U. S. Borrower and its Subsidiaries in respect of (i) payroll, moving, travel and similar advances made in the ordinary course of business to cover matters that are expected at the time of such advance ultimately to be treated as expenses (in accordance with GAAP), and (ii) loans and advances to their respective employees, officers, directors and consultants in the ordinary course of business in an aggregate amount (determined without giving effect to any write-downs or write-offs of such loans and advances) not to exceed $3,000,000 at any time outstanding;
Investments by the U. S. Borrower or any Subsidiary in joint ventures or the Equity Interests of any Subsidiary; (ii) intercompany loans from the U.S. Borrower or any Subsidiary to the U.S. Borrower or any Subsidiary or joint ventures; and (iii) Guarantees by the U.S. Borrower or any Subsidiary of Indebtedness of a joint venture or of Indebtedness otherwise permitted hereunder of the U.S. Borrower or any Subsidiary; provided that the sum of (A) Investments (valued at the time of the making thereof and without giving effect to any write‑downs or write‑offs thereof) made after the Closing Date by the Loan Parties pursuant to clause (i) in joint ventures and Subsidiaries that are not Subsidiary Loan Parties, plus (B) net intercompany loans made by Loan Parties after the Closing Date to joint ventures and Subsidiaries that are not Subsidiary Loan Parties pursuant to clause (ii), plus (C) Guarantees by Loan Parties of Indebtedness after the Closing Date of joint ventures and Subsidiaries that are not Subsidiary Loan Parties pursuant to clause (iii) (other than Guarantees by Loan Parties of the obligations under Secured Hedge Agreements of the Subsidiaries that are not Loan Parties), shall not exceed an aggregate net amount equal to $25.0 million (plus any return of capital actually received by the respective investors in respect of Investments theretofore made by them pursuant to this paragraph (b)); and provided further that intercompany current liabilities incurred in the ordinary course of business in connection with the cash management operations and intercompany sales of Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries shall not be included in calculating the limitation in this paragraph at any time;
Investments by the U. S. Borrower or any of its Restricted Subsidiaries in cash, Cash Equivalents or Investment Grade Securities;
Investments by the U. S. Borrower in the form of intercompany loans to Holdings (or any direct or indirect parent company thereof), and by Holdings in the form of intercompany loans to its direct or indirect parent company, in each case the proceeds of which are used to make payments permitted pursuant to Section 7.2.6;
Investments by the U. S. Borrower or any Restricted Subsidiary that result solely from the receipt by the U.S. Borrower or such Restricted Subsidiary from any of its subsidiaries of a dividend or other Restricted Payment in the form of Equity Interests, evidences of Indebtedness or other securities (but not any additions thereto made after the date of the receipt thereof);
Investments by the U. S. Borrower and its Subsidiaries in any Subsidiary or any Person in connection with joint ventures, partnerships or similar agreements or arrangements involving the sharing of profits or joint or coordinated purchasing or distribution (each a "Joint Venture Entity" and, collectively "Joint Venture Entities")) if, and only to the extent that, (i) the consideration comprising such Investment is contributed to a Joint Venture Entity in exchange for Equity Interests of the Joint Venture Entity to which such assets are contributed, (ii) the U.S. Borrower and its Subsidiaries shall comply with the provisions of Section 5.13 to the extent applicable to Joint Ventures (without giving effect to any grace periods provided for therein), (iii) in the case of Investments made in the form of cash or Cash Equivalents, the aggregate amount of such Investments (determined (x) based on the original cost of such Investments and without adjustment to the basis of such Investments to recognize earnings or losses after the date of an Investment and (y) solely for purposes of this clause (iii) without including the value attributable to contributed services) does not exceed $3,000,000, and (iv) in the case of Investments made in the form of one or more contributions of assets (other than assets constituting cash or Cash Equivalents), at the time of such contribution, the assets contributed to such Joint Venture Entity, together with the fair market value of all other contributions of assets (other than assets constituting cash or Cash Equivalents) made 116 pursuant to this clause (iv) (measured as of the respective dates of such contributions), shall have a fair market value not exceeding $5,000,000;
Investments by the U. S. Borrower or any Restricted Subsidiary deemed to occur upon the designation of any Restricted Subsidiary as an Unrestricted Subsidiary; provided that the aggregate amount of all Investments made by the U.S. Borrower and its Restricted Subsidiaries pursuant to this Section 7.02(o) (measured based on the fair market value of each such Investment on the date of designation without giving effect to any subsequent changes in fair market value) does not exceed $25,000,000.
Investments by the U. S. Borrower in the form of intercompany loans to Holdings the proceeds of which are used to make payments permitted pursuant to Section 7.2.6;
Investments by the U. S. Borrower or any of its Subsidiaries in payroll, travel and similar advances to cover matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business;
Investments by the U. S. Borrower or any of its Subsidiaries in securities issued directly or indirectly and fully guaranteed or insured by the United States government or any agency or instrumentality thereof (a) in an amount outstanding at any time equal to the net present value of the aggregate amount of payments owed to winners of jackpots from progressive games and having maturities that are approximately the same as the due dates for future jackpot payments and/or (b) in such amounts as are needed to, and that are deposited pursuant to the requirements of the Existing Senior Secured Notes Indenture in order to, effect a covenant defeasance of the Existing Senior Secured Notes as required by Section 8.17; and
