Common use of Investments or Loans Clause in Contracts

Investments or Loans. Borrower shall not make or permit to exist investments or loans in or to any other Person, except (i) investments in short-term direct obligations of the United States Government, (ii) investments in negotiable certificates of deposit or other investment accounts (i.e. money market accounts) issued by Lender, an affiliate of Lender or by any other bank or financial institution satisfactory to Lender, in its reasonable discretion, and payable to the order of Borrower or to bearer, (iii) investments in commercial paper rated Al or Pl, (iv) advances to employees of Borrower in the ordinary course of business to the extent that such advances do not materially adversely affect Borrower’s financial condition or operation of business, (v) advances against commissions to independent sales agents of Borrower in the ordinary course of business to the extent that such advances do not materially adversely affect Borrower’s financial condition or operation of business, (vi) intercompany transfers between Xxxxxx and its Subsidiaries and between Subsidiaries in the ordinary course of business to the extent that such intercompany transfers do not materially adversely affect Borrower’s financial condition, operation of business or the financial covenants contained in Section 8.13 herein, (vii) the Acquisition and future acquisitions to the extent permitted hereunder, (viii) Xxxxxx’x purchase of treasury stock, (ix) loans to current employees or officers of Borrower as permitted pursuant to Section 8.6.

Investments or Loans. Borrower shall not make or permit to exist investments or loans in or to any other Person, except (i) investments in short-term direct obligations of the United States Government, (ii) investments in negotiable certificates of deposit or other investment accounts (i.e. money market accounts) issued by Lender, an affiliate of Lender or by any other bank or financial institution satisfactory to Lender, in its reasonable discretion, and payable to the order of Borrower or to bearer, (iii) investments in commercial paper rated Al or Pl, (iv) advances to employees of Borrower in the ordinary course of business to the extent that such advances do not materially adversely affect Borrower’s financial condition or operation of business, (v) advances against commissions to independent sales agents of Borrower in the ordinary course of business to the extent that such advances do not materially adversely affect Borrower’s financial condition or operation of business, (vi) intercompany transfers between Xxxxxx and its Subsidiaries and between Subsidiaries one or more Borrowers in the ordinary course of business to the extent that such intercompany transfers do not materially adversely affect Borrower’s financial condition, operation of business or the financial covenants contained in Section 8.13 herein, (vii) intercompany transfers between Xxxxxx and Xxxxxx Canada in an amount not to exceed $25,000,000 in the Acquisition aggregate at any time, and future acquisitions to the extent permitted hereunder, (viii) Xxxxxx’x purchase of treasury stock, (ix) loans to current employees or officers of Borrower as permitted pursuant to Section 8.6.

Investments or Loans. Borrower shall not make or permit to exist investments or loans in or to any other Person, except (i) investments in short-term direct obligations of the United States Government, (ii) investments in negotiable certificates of deposit or other investment accounts (i.e. money market accounts) issued by Lender, an affiliate of Lender or by any other bank or financial institution satisfactory to Lender, in its reasonable discretion, and payable to the order of Borrower or to bearer, (iii) investments in commercial paper rated Al or Pl, (iv) advances to employees of Borrower in the ordinary course of business to the extent that such advances do not materially adversely affect Borrower’s financial condition or operation of business, (v) advances against commissions to independent sales agents of Borrower in the ordinary course of business to the extent that such advances do not materially adversely affect Borrower’s financial condition or operation of business, (vi) intercompany transfers between Xxxxxx and its Subsidiaries and between Subsidiaries in the ordinary course of business to the extent that such intercompany transfers do not materially adversely affect Borrower’s financial condition, operation of business or the financial covenants contained in Section 8.13 herein, (vii) intercompany transfers between Xxxxxx and Xxxxxx Canada in an amount not to exceed $25,000,000 in the Acquisition and aggregate at any time, (viii) future acquisitions to the extent permitted hereunder, (viiiix) Xxxxxx’x purchase of treasury its outstanding common stock, and (ixx) loans to current employees or officers of Borrower as permitted pursuant to Section 8.6.

Investments or Loans. Borrower shall not make or permit to exist investments or loans in or to any other Person, except (i) investments in short-term direct obligations of the United States Government, (ii) investments in negotiable certificates of deposit or other investment accounts (i.e. money market accounts) issued by Lender, an affiliate of Lender or by any other bank or financial institution satisfactory to Lender, in its reasonable discretion, and payable to the order of Borrower or to bearer, (iii) investments in commercial paper rated Al or Pl, (iv) advances to employees of Borrower in the ordinary course of business to the extent that such advances do not materially adversely affect Borrower’s 's financial condition or operation of business, (v) advances against commissions to independent sales agents of Borrower in the ordinary course of business to the extent that such advances do not materially adversely affect Borrower’s 's financial condition or operation of business, (vi) intercompany transfers between Xxxxxx Lawson and its Subsidiaries and between Subsidiaries in the ordinary course of coxxxx xf business to the extent that such intercompany transfers do not materially adversely affect Borrower’s 's financial condition, operation of business or the financial covenants contained in Section 8.13 herein, (vii) the Acquisition and future acquisitions to the extent permitted hereunder, (viii) Xxxxxx’x Lawson's purchase of treasury stock, (ix) loans to current employees or officers xxxxxxxx of Borrower as permitted pursuant to Section 8.6.