Common use of Investments, Loans Clause in Contracts

Investments, Loans. Not at any time purchase or otherwise acquire, hold or invest in the capital stock of, or any other interest in, any Person, or make any loan or advance to, or enter into any arrangement for the purpose of providing funds or credit to, or make any other investment, whether by way of capital contribution or otherwise, in or with any Person, including, without limitation, any Affiliate, except (i) investments in direct obligations of, or instruments unconditionally guaranteed by, the United States of America or in certificates of deposit issued by a Qualified Depository, (ii) investments in commercial or finance paper which, at the time of investment, is rated "A" or better by Xxxxx'x Investors Service, Inc., or Standard & Poor's Ratings Group, a Division of XxXxxx-Xxxx, Inc., respectively, or at the equivalent rate by any of their respective successors, (iii) any interests in any money market account maintained, at the time of investment, with a Qualified Depository, the investments of which, at the time of investment, are restricted to the types specified in clause (i) above, (iv) loans to employees of Issuer in the aggregate amount not to exceed $25,000 outstanding at any time, (v) capital stock of presently existing Subsidiaries and (vi) investments in equity interests of programmers made available to Issuer by such programmers as an inducement to carry programming of such programmers, provided the aggregate cost of all such investments does not exceed $100,000 outstanding at any time. All investments permitted pursuant to clauses (i), (ii) and (iii) of this Section 4.16 shall have a maturity not exceeding one year.

Investments, Loans. Not at At any time purchase or otherwise acquire, hold or invest in the capital stock of, or any other interest in, any Person, or make any loan or advance to, or enter into any arrangement for the purpose of providing funds or credit to, or make any other investment, whether by way of capital contribution or otherwise, in or with any Person, including, without limitation, any Affiliate, except (i) investments in direct obligations of, or instruments unconditionally guaranteed by, the United States of America or in certificates of deposit issued by a Qualified Depository, (ii) investments in commercial or finance paper which, at the time of investment, is rated "A" or better by Xxxxx'x Investors Service, Inc., or Standard & Poor's Ratings Group, a Division of XxXxxx-Xxxx, Inc., respectively, or at the equivalent rate by any of their respective successors, (iii) any interests in any money market account maintained, at the time of investment, with a Qualified Depository, the investments of which, at the time of investment, are restricted to the types specified in clause (i) above, (iv) loans to employees of Issuer Borrower in the aggregate amount not to exceed $25,000 outstanding at any time, time and (v) capital stock of presently existing Subsidiaries and (vi) investments in equity interests of programmers made available to Issuer Borrower by such programmers as an inducement to carry programming of such programmers, provided the aggregate cost of all such investments does not exceed $100,000 outstanding at any time. All investments permitted pursuant to clauses (i), (ii) and (iii) of this Section 4.16 7.9 shall have a maturity not exceeding one year.