Common use of Investments or Loans Clause in Contracts

Investments or Loans. (a) The Real Estate Company shall not make, incur, assume or permit to exist any loans or advances, or any investments in or to any other Person, except: (a) investments in short-term direct obligations of the United States Government; (b) investments in negotiable certificates of deposit issued by Popular Bank or by any other bank satisfactory to the Agent, payable to the order of the Borrower or to bearer; and (c) investments in commercial paper rated at least A-1 by Standard & Poor’s Corporation or P-1 by Mxxxx’x Investors Service, Inc., or carrying an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments.

Investments or Loans. (a) The Real Estate Company No Borrower shall not make, incur, assume or permit to exist any loans or advances, or any investments in or to any other Person, except: except (a) investments in short-term direct obligations of the United States Government; , (b) investments in negotiable certificates of deposit issued by Popular Bank the Lender or by any other bank satisfactory to the AgentLender, payable to the order of the Borrower or to bearer; , and (c) investments in commercial paper rated at least A-1 by Standard & Poor’s Corporation or P-1 by Mxxxx’x Investors Service, Inc., or carrying an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments.

Investments or Loans. (a) The Real Estate Company Borrower shall not make, incur, assume or permit to exist any loans or advances, or any investments in or to any other Person, except: except (a) investments in short-term direct obligations of the United States Government; , (b) investments in negotiable certificates of deposit issued by Popular Bank the Lender or by any other bank satisfactory to the AgentLender, payable to the order of the Borrower or to bearer; , and (c) investments in commercial paper rated at least A-1 by Standard & Poor’s Corporation or P-1 by Mxxxx’x Investors Service, Inc., or carrying an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments.

Investments or Loans. (a) The Real Estate Company Borrower shall not make, incur, assume or permit to exist any loans or advances, or any investments in or to any other Person, except: except (a) investments in short-term direct obligations of the United States Government; , (b) investments in negotiable certificates of deposit issued by Popular Bank the Lender or by any other bank satisfactory to the AgentLender, payable to the order of the Borrower or to bearer; , and (c) investments in commercial paper rated at least A-1 A-l by Standard & Poor’s Corporation or P-1 P-l by Mxxxx’x Investors Service, Inc., or carrying an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments.

Investments or Loans. (a) The Real Estate Company No Borrower shall not make, incur, assume or permit to exist any loans or advances, or any investments in or to any other Person, except: except (a) investments in short-term direct obligations of the United States Government; , (b) investments in negotiable certificates of deposit issued by Popular Bank the Agent or by any other bank satisfactory to the Agent, payable to the order of the Borrower or to bearer; , and (c) investments in commercial paper rated at least A-1 by Standard & Poor’s Corporation or P-1 by Mxxxx’x Investors Service, Inc., or carrying an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments.

Investments or Loans. (a) The Real Estate Company Borrower shall not make, incur, assume or permit to exist any loans or advances, or any investments in or to any other Person, except: except (a) investments in short-term direct obligations of the United States Government; , (b) investments in negotiable certificates of deposit issued by Popular Bank the Lender or by any other bank satisfactory to the AgentLender, payable to the order of the Borrower or to bearer; bearer and (c) investments in commercial paper rated at least A-1 by Standard & Poor’s Corporation or P-1 by Mxxxx’x Investors Service, Inc., or carrying an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments.

Investments or Loans. (a) The Real Estate Company No Borrower shall not make, incur, assume or permit to exist any loans or advances, or any investments in or to any other Person, except: except (a) investments in short-term direct obligations of the United States Government; , (b) investments in negotiable certificates of deposit issued by Popular Bank the Lender or by any other bank satisfactory to the AgentLender, payable to the order of the Borrower or to bearer; , and (c) investments in commercial paper rated at least A-1 by Standard & Poor’s Corporation or P-1 by Mxxxx’x Xxxxx’x Investors Service, Inc., or carrying an equivalent rating by a nationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments.