Investments of the Borrower Sample Clauses

Investments of the Borrower or any of its Restricted Subsidiaries in, and the creation of, any Special Purpose Finance Subsidiary;
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Investments of the Borrower or any of its Subsidiaries in any Subsidiary of the Borrower for working capital and capital expenditure purposes of such Subsidiary or to enable such Subsidiary to make Investments permitted by subsections (f) and (g) below, provided that (i) such Investments in non-wholly owned Subsidiaries shall be made in the form of demand loans, the aggregate outstanding principal amount of which shall not exceed $20,000,000 at any one time, and (ii) such Investments in wholly-owned Subsidiaries shall be made either in the form of (x) demand loans or (y) additional paid in equity provided that the aggregate amount of all such additional paid in equity shall not exceed $20,000,000 at any one time;
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Investments of the Borrower. The Borrower shall cover with its own funds, or cause its shareholders to cover, all costs and expenses set forth in the Investments and Disbursements Schedule as costs and expenses to be borne by the Borrower. Such costs and expenses shall not be covered by the proceeds of the Loan. The foregoing on the understanding that any variation in the costs of the Hotel Remodeling, as set forth in the Investments and Disbursements Schedule, shall be covered with the Borrower's own funds or those of its shareholders. Within 120 (one hundred twenty) calendar days following the last Tranche B Borrowing, the Borrower shall deliver to the Creditor the final report of the Construction Supervisor certifying that the investment of the Project is at least USD$121,390,000.00 (one hundred twenty one million three hundred ninety thousand and 00/100 Dollars).
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Investments of the Borrower or any Subsidiary in the Borrower or in a wholly-owned Domestic Subsidiary;
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Related to Investments of the Borrower

  • Commitments of the BUYER The BUYER undertakes that no official of the BUYER, connected directly or indirectly with the contract, will demand, take a promise for or accept, directly or through intermediaries, any bribe, consideration, gift, reward, favour or any material or immaterial benefit or any other advantage from the BIDDER, either for themselves or for any person, organisation or third party related to the contract in exchange for an advantage in the bidding process, bid evaluation, contracting or implementation process related to the contract.

  • Prepayments of Other Indebtedness Modifications of Organizational Documents and Other Documents, etc. 90 SECTION 6.12 Limitation on Certain Restrictions on Subsidiaries 90 SECTION 6.13 [Reserved.] 91 SECTION 6.14 [Reserved.] 91 SECTION 6.15 Business 91 SECTION 6.16 Limitation on Accounting Changes 91 SECTION 6.17 Fiscal Year 91 SECTION 6.18 No Further Negative Pledge 91 SECTION 6.19 Anti-Terrorism Law; Anti-Money Laundering 92 SECTION 6.20 Embargoed Person 92 SECTION 7.01 The Guarantee 93 SECTION 7.02 Obligations Unconditional 93 SECTION 7.03 Reinstatement 94 SECTION 7.04 Subrogation; Subordination 94 SECTION 7.05 Remedies 94 SECTION 7.06 Instrument for the Payment of Money 95 SECTION 7.07 Continuing Guarantee 95 SECTION 7.08 General Limitation on Guarantee Obligations 95 SECTION 7.09 Release of Guarantors 95 SECTION 7.10 Right of Contribution 95 SECTION 8.01 Events of Default 96 SECTION 8.02 Rescission 98 SECTION 8.03 Application of Proceeds 98 SECTION 9.01 Appointment and Authority 99 SECTION 9.02 Rights as a Lender 99 SECTION 9.03 Exculpatory Provisions 99 SECTION 9.04 Reliance by Agent 100 SECTION 9.05 Delegation of Duties 101

  • Repayment of Borrowings repay the principal of, or pay interest on or any other sum in connection with any of its Borrowed Money except for Borrowed Money pursuant to the Security Documents;

  • Prepayments of Indebtedness Prepay, redeem, purchase, defease or otherwise satisfy, in each case, prior to the scheduled maturity thereof in any manner any Material Indebtedness for borrowed money (other than Indebtedness under the Loan Documents), except that, so long as no Default shall have occurred and be continuing prior to or immediately after giving effect to any action described below or would result therefrom, including no Event of Default arising as a result of a breach of Section 7.15 (calculating the Consolidated Fixed Charge Coverage Ratio on a pro forma basis): (a) regularly scheduled or mandatory repayments, repurchases, redemptions or defeasances of Permitted Indebtedness; (b) the Lead Borrower may voluntarily prepay, redeem, purchase, defease or otherwise satisfy, in each case, prior to the scheduled maturity thereof in any manner any Material Indebtedness for borrowed money if, after giving effect to such payment, redemption, purchase, defeasance or other prepayment transaction, (i) either (A) Projected Excess Availability and Pro Forma Excess Availability as of the date of consummation of such payment will be equal to or greater than twenty percent (20.0%) of the Aggregate Loan Cap, or (B) (1) Projected Excess Availability and Pro Forma Excess Availability as of the date of consummation of such payment will be equal to or greater than twelve and one half percent (12.5%) of the Aggregate Loan Cap and (2) the Consolidated Adjusted Fixed Charge Coverage Ratio, on a pro-forma basis for the Measurement Period immediately prior to such transaction or payment, will be equal to or greater than 1.00 to 1.00, and (ii) the Lead Borrower shall have delivered written certification as to and a reasonably detailed calculation of item (i) above seven (7) days prior to the date of such transaction or payment; and (c) Permitted Refinancings of certain Permitted Indebtedness in accordance with Section 7.03.

  • No Outstanding Loans or Other Indebtedness Except as described in the Prospectus, there are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of business) or guarantees or indebtedness by the Company to or for the benefit of any of the officers or directors of the Company or any of the members of any of them.