Common use of Investments in Unrestricted Entities Clause in Contracts

Investments in Unrestricted Entities. No Obligor will, nor will it permit any Subsidiary (other than Unrestricted Entities) to, without obtaining the prior written consent of the Required Holders, make any investments in and/or provide financial assistance to Unrestricted Entities exceeding an aggregate initial investment value of the greater of (x) 5.0% of Consolidated Total Assets and (y) $100,000,000 at any time (for certainty, there shall be no restriction on investments in, or financial assistance to any Subsidiary that is not an Unrestricted Entity). The Obligors shall be permitted to remove an entity from its qualification as an Unrestricted Entity at any time by giving written notice to the holders and thereafter all provisions hereunder with respect to the Subsidiaries of the Obligors (other than provisions specifically relating to Unrestricted Entities) shall apply to such entity in the event such entity is a Subsidiary of an Obligor.

Appears in 3 contracts

Samples: Note Purchase Agreement (Colliers International Group Inc.), Note Purchase Agreement (Colliers International Group Inc.), Note Purchase Agreement (Colliers International Group Inc.)

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Investments in Unrestricted Entities. No Obligor will, nor will it permit any Subsidiary (other than Unrestricted Entities) to, without obtaining the prior written consent of the Required Holders, make any investments in and/or provide financial assistance to Unrestricted Entities exceeding an aggregate initial investment value of the greater of (x) 5.010.0% of Consolidated Total Assets and (y) $100,000,000 300,000,000 at any time (for certainty, there shall be no restriction on investments in, or financial assistance to any Subsidiary that is not an Unrestricted Entity). The Obligors shall be permitted to remove an entity from its qualification as an Unrestricted Entity at any time by giving written notice to the holders and thereafter all provisions hereunder with respect to the Subsidiaries of the Obligors (other than provisions specifically relating to Unrestricted Entities) shall apply to such entity in the event such entity is a Subsidiary of an Obligor.

Appears in 1 contract

Samples: Colliers International (Colliers International Group Inc.)

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Investments in Unrestricted Entities. No Obligor will, nor will it permit any Subsidiary (other than Unrestricted Entities) to, without obtaining the prior written consent of the Required Holders, make any investments in and/or provide financial assistance to Unrestricted Entities exceeding an aggregate initial investment value of the greater of (x) 5.010.0% of Consolidated Total Assets and (y) $100,000,000 300,000,000 at any time (for certainty, there shall be no restriction on investments in, or financial assistance to any Subsidiary that is not an Unrestricted Entity). The Obligors shall be permitted to remove an entity from its qualification as an Unrestricted Entity at any time by giving written notice to the holders and thereafter all provisions hereunder with respect to the Subsidiaries of the Obligors (other than provisions specifically relating to Unrestricted Entities) shall apply to such entity in the event such entity is a Subsidiary of an Obligor.. ACTIVE 58093961v3 Colliers International EMEA Xxxxx PLCColliers International Group Inc.Fifth Amendment to 2018 Note Agreement

Appears in 1 contract

Samples: 2018 Note Agreement (Colliers International Group Inc.)

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