Investments in Affiliates Sample Clauses

Investments in Affiliates. Make any Investment in any Person or J. Xxxxxx Xxxxxxxxx or any member of the board of directors of any Person that is a corporation if the aggregate outstanding amount of all Investments, including the Investment to be made, is in excess of ten percent (10%) of Tangible Net Worth.
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Investments in Affiliates. The Company accounts for its investments in affiliates on the equity basis.
Sample 1
Investments in Affiliates. Investments in affiliates as of December 31, 2001 and 2000 were as follows (in millions): 2001 ----- 2000 ----- Retail finance joint ventures............................... $57.5 $67.7 Manufacturing joint ventures................................ 4.6 7.6 Other....................................................... 7.5 ----- $69.6 ===== 10.0 ----- $85.3 ===== The manufacturing joint ventures as of December 31, 2001 consisted of joint ventures with unrelated manufacturers to produce transmissions in Europe and engines in South America. The other joint ventures represent minority investments in farm equipment manufacturers and licensees. In 2001, the Company sold its minority interest in a European farm equipment manufacturer for $8.6 million. In connection with the sale, the Company recorded a pre-tax gain of $5.2 million, which is included in other expense, net in the Consolidated Statements of Operations. The Company's equity in earnings of this investment was not significant for 2001, 2000 or 1999. AGCO CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED) The Company's equity in net earnings of affiliates for 2001, 2000 and 1999 were as follows (in millions): 2001 2000 1999 Retail finance joint ventures $ 10.1 $ 10.3 $ 11.0 Other.................................................. 0.5 (0.5) (0.5) $ 10.6 $ 9.8 $ 10.5 ======== ======== ======== The manufacturing joint ventures of the Company primarily sell their products to the joint venture partners at prices which result in operating at or near breakeven on an annual basis. Summarized combined financial information of the Company's retail finance joint ventures as of and for the years ended December 31, 2001 and 2000 were as follows (in millions): AS OF DECEMBER 31, ------------------- 2001 -------- 2000 -------- Total assets $1,314.6 $1,311.0 Total liabilities 1,195.4 1,176.0 Partner's equity............................................ 119.2 135.0 FOR THE YEARS ENDED DECEMBER 31, 2001 2000 1999 Revenues............................................... $ 138.1 $ 145.2 $ 144.1 Costs.................................................. 104.5 112.8 109.3 Income before income taxes $ 33.6 $ 32.4 $ 34.8 ======== ======== ======== The majority of the assets of the Company's retail finance joint ventures represent finance receivables. The majority of the liabilities represent notes payable and accrued interest.
Sample 1
Investments in Affiliates. Investments in affiliates are accounted for by the equity method. We have evaluated our relationships with affiliates and have determined that these entities are not variable interest entities and therefore are not required to be combined in the Group's combined financial statements. Accordingly, our proportional share of the respective affiliate's earnings or losses is included in other income (expense) in the Group's combined statement of income.
Sample 1
Investments in Affiliates. (other than Subsidiaries) or any extension of credit to shareholders, officers directors or employees of the Company and its Affiliates;
Sample 1

Related to Investments in Affiliates

  • Subsidiaries and Equity Investments The Company and its Subsidiaries do not directly or indirectly own, or hold any rights to acquire, any material capital stock or any other material securities, interests or investments in any other Person other than (a) their Subsidiaries or (b) investments that constitute cash or cash equivalents. No Subsidiary of the Company owns any shares of capital stock of the Company. There are no outstanding stock options, restricted stock units, restricted stock, stock appreciation rights, “phantom” stock rights, performance units, or other compensatory rights or awards (in each case, issued by the Company or any of its Subsidiaries) that are convertible into or exercisable for any capital stock of, or membership interests or other ownership interests in, any Subsidiary of the Company, on a deferred basis or otherwise or other rights that are linked to, or based upon, the value of any capital stock of, or membership interests or other ownership interests in, any Subsidiary of the Company.

  • Investments in Other Persons Make or hold, or permit any of its Subsidiaries to make or hold, any Investment in any Person, except:

  • Investments in Real Estate Make any investment or commitment to invest in real estate or in any real estate development project (other than by way of foreclosure or acquisitions in a bona fide fiduciary capacity or in satisfaction of a debt previously contracted in good faith, in each case in the ordinary course of business consistent with past practice).

  • Subsidiaries; Equity Investments 4 2.7 Capitalization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2.8

  • Investments in Competitors Neither Acquiror nor any shareholder thereof owns directly or indirectly any interests or has any investment in any person that is a competitor of Acquiror or one of the Target Companies.

  • Investments and Subsidiaries The Borrower will not make or permit to exist any loans or advances to, or make any investment or acquire any interest whatsoever in, any other Person or Affiliate, including any partnership or joint venture, nor purchase or hold beneficially any stock or other securities or evidence of indebtedness of any other Person or Affiliate, except:

  • Subsidiaries and Investments The Company does not own, directly or indirectly, any capital stock or other equity, ownership or proprietary interest in any corporation, partnership, association, trust, joint venture or other entity (each a "Company Subsidiary").

  • Subsidiaries; Investments Borrower does not own any stock, partnership interest or other equity securities except for Permitted Investments.

  • Investments Make any Investments, except:

  • Transactions With Affiliates and Employees Except as set forth on Schedule 3.1(r), none of the officers or directors of the Company or any Subsidiary and, to the knowledge of the Company, none of the employees of the Company or any Subsidiary is presently a party to any transaction with the Company or any Subsidiary (other than for services as employees, officers and directors), including any contract, agreement or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or from, providing for the borrowing of money from or lending of money to or otherwise requiring payments to or from any officer, director or such employee or, to the knowledge of the Company, any entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee, stockholder, member or partner, in each case in excess of $120,000 other than for (i) payment of salary or consulting fees for services rendered, (ii) reimbursement for expenses incurred on behalf of the Company and (iii) other employee benefits, including stock option agreements under any stock option plan of the Company.

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