Common use of Investments; Subsidiaries Clause in Contracts

Investments; Subsidiaries. The Borrower will not purchase or hold beneficially any stock or other securities or evidences of indebtedness of, make or permit to exist any loans or advances to, or create or acquire any Subsidiary or make any investment or acquire any interest whatsoever in, any other Person, except: (a) Investments in direct obligations of the United States of America or any agency or instrumentality thereof whose obligations constitute the full faith and credit obligations of the United States of America having a maturity of one (1) year or less, commercial paper issued by a U.S. corporation rated "A-1" or "A-2" by Standard & Poor's Ratings Services or "P-1" or "P-2" by Xxxxx'x Investors Service, investments in money market mutual funds whose underlying assets are exclusively investments which would otherwise be permitted investments under this Section 7.7(a), or repurchase agreements, certificates of deposit or bankers' acceptances having a maturity of one (1) year or less issued by members of the Federal Reserve System having deposits in excess of $500,000,000 (which certificates of deposit or bankers' acceptances are fully insured by the Federal Deposit Insurance Corporation); (b) Travel advances or loans to officers and employees of the Borrower (not including contracts made in the ordinary course of business with any such officers or employees) not exceeding at any one time an aggregate of $25,000; (c) Advances in the form of progress payments, prepaid rent or security deposits; (d) Existing investments as described in the financial statements previously delivered to the Lenders and investments described in Section 7.3(d); (e) Investments constituting transactions made in the ordinary course of business of the Borrower, including but not limited to investments in RDO Securitization Corp.; (f) Investments in wholly-owned subsidiaries of the Borrower existing as of the date hereof; and (g) Investments not otherwise permitted in this Section 7.7 not to exceed $250,000 in the aggregate (on a book value basis) at any time outstanding.

Investments; Subsidiaries. The Borrower will not purchase or hold beneficially any stock or other securities or evidences of indebtedness of, make or permit to exist any loans or advances to, or create or acquire any Subsidiary or make any investment or acquire any interest whatsoever in, any other Person, except: (a) Investments in direct obligations of the United States of America or any agency or instrumentality thereof whose obligations constitute the full faith and credit obligations of the United States of America having a maturity of one (1) year or less, commercial paper issued by a U.S. corporation rated "A-1" or "A-2" by Standard & Poor's Ratings Services or "P-1" or "P-2" by Xxxxx'x Investors Service, investments in money market mutual funds whose underlying assets are exclusively investments which would otherwise be permitted investments under this Section 7.7(a7.6(a), or repurchase agreements, certificates of deposit or bankers' acceptances having a maturity of one (1) year or less issued by members of the Federal Reserve System having deposits in excess of $500,000,000 (which certificates of deposit or bankers' acceptances are fully insured by the Federal Deposit Insurance Corporation); (b) Travel advances or loans to officers and employees of the Borrower (not including contracts made in the ordinary course of business with any such officers or employees) not exceeding at any one time an aggregate of $25,000; (c) Advances in the form of progress payments, prepaid rent or security deposits; (d) Existing investments as described in the financial statements previously delivered to the Lenders and investments described in Section 7.3(d)Lender; (e) Investments constituting transactions made in the ordinary course of business of the Borrower, including but not limited to investments in RDO Securitization Corp.; (f) Investments in wholly-owned subsidiaries of the Borrower existing as of the date hereof; and (g) Investments not otherwise permitted in this Section 7.7 not to exceed $250,000 500,000 in the aggregate (on a book value basis) at any time outstanding.

Investments; Subsidiaries. The Borrower will not purchase or hold beneficially any stock or other securities or evidences of indebtedness of, make or permit to exist any loans or advances to, or create or acquire any Subsidiary or make any investment or acquire any interest whatsoever in, any other Person, except: (a) Investments in direct obligations of the United States of America or any agency or instrumentality thereof whose obligations constitute the full faith and credit obligations of the United States of America having a maturity of one (1) year or less, commercial paper issued by a U.S. corporation rated "A-1" or "A-2" by Standard & Poor's Ratings Services or "P-1" or "P-2" by Xxxxx'x Investors Service, investments in money market mutual funds whose underlying assets are exclusively investments which would otherwise be permitted investments under this Section 7.7(a7.6(a), or repurchase agreements, certificates of deposit or bankers' acceptances having a maturity of one (1) year or less issued by members of the Federal Reserve System having deposits in excess of $500,000,000 (which certificates of deposit or bankers' acceptances are fully insured by the Federal Deposit Insurance Corporation); (b) Travel advances or loans to officers and employees of the Borrower (not including contracts made in the ordinary course of business with any such officers or employees) not exceeding at any one time an aggregate of $25,000; (c) Advances in the form of progress payments, prepaid rent or security deposits; (d) Existing investments as described in the financial statements previously delivered to the Lenders and investments described in Section 7.3(d)Lender; (e) Investments constituting transactions made in the ordinary course of business of the Borrower, including but not limited to investments in RDO Securitization Corp.; (f) Investments in wholly-owned subsidiaries of the Borrower existing as of the date hereof; and (g) Investments not otherwise permitted in this Section 7.7 not to exceed $250,000 5,000,000 in the aggregate (on a book value basis) at any time outstanding.

Investments; Subsidiaries. The Borrower will not purchase or hold beneficially any stock or other securities or evidences of indebtedness of, make or permit to exist any loans or advances to, or create or acquire any Subsidiary or make any investment or acquire any interest whatsoever in, any other Person, except: (a) Investments in direct obligations of the United States of America or any agency or instrumentality thereof whose obligations constitute the full faith and credit obligations of the United States of America having a maturity of one (1) year or less, commercial paper issued by a U.S. corporation rated "A-1" or "A-2" by Standard & Poor's Ratings Services or "P-1" or "P-2" by Xxxxx'x Investors Service, investments in money market mutual funds whose underlying assets are exclusively investments which would otherwise be permitted investments under this Section 7.7(a), or repurchase agreements, certificates of deposit or bankers' acceptances having a maturity of one (1) year or less issued by members of the Federal Reserve System having deposits in excess of $500,000,000 (which certificates of deposit or bankers' acceptances are fully insured by the Federal Deposit Insurance Corporation); (ba) Travel advances or loans to officers and employees of the Borrower (not including contracts made in the ordinary course of business with any such officers or employees) not exceeding at any one time an aggregate of $25,000; (ca) Advances in the form of progress payments, prepaid rent or security deposits; (da) Existing investments as described in the financial statements previously delivered to the Lenders and investments described in Section 7.3(d); (ea) Investments constituting transactions made in the ordinary course of business of the Borrower, including but not limited to investments in RDO Securitization Corp.;. (fa) Investments in wholly-owned subsidiaries of the Borrower existing as of the date hereof; and (ga) Investments not otherwise permitted in this Section 7.7 not to exceed $250,000 in the aggregate (on a book value basis) at any time outstanding.

Investments; Subsidiaries. The Borrower will not purchase or hold beneficially any stock or other securities or evidences of indebtedness of, make or permit to exist any loans or advances to, or create or acquire any Subsidiary or make any investment or acquire any interest whatsoever in, any other Person, except: (a) : Investments in direct obligations of the United States of America or any agency or instrumentality thereof whose obligations constitute the full faith and credit obligations of the United States of America having a maturity of one (1) year or less, commercial paper issued by a U.S. corporation rated "A-1" or "A-2" by Standard & Poor's Ratings Services or "P-1" or "P-2" by Xxxxx'x Investors Service, investments in money market mutual funds whose underlying assets are exclusively investments which would otherwise be permitted investments under this Section 7.7(a), or repurchase agreements, certificates of deposit or bankers' acceptances having a maturity of one (1) year or less issued by members of the Federal Reserve System having deposits in excess of $500,000,000 (which certificates of deposit or bankers' acceptances are fully insured by the Federal Deposit Insurance Corporation); (b) ; Travel advances or loans to officers and employees of the Borrower (not including contracts made in the ordinary course of business with any such officers or employees) not exceeding at any one time an aggregate of $25,000; (c) ; Advances in the form of progress payments, prepaid rent or security deposits; (d) ; Existing investments as described in the financial statements previously delivered to the Lenders Lender; and investments described in Section 7.3(d); (e) Investments constituting transactions made in the ordinary course of business of the Borrower, including but not limited to investments in RDO Securitization Corp.; (f) Investments in wholly-owned subsidiaries Subsidiaries of the Borrower existing as of the date hereof; and (g) Investments not otherwise permitted in this Section 7.7 not to exceed $250,000 in the aggregate (on a book value basis) at any time outstanding.. EVENTS OF DEFAULT AND REMEDIES

Investments; Subsidiaries. The Borrower will not purchase or hold beneficially any stock or other securities or evidences of indebtedness of, make or permit to exist any loans or advances to, or create or acquire any Subsidiary or make any investment or acquire any interest whatsoever in, any other Person, except: (a) Investments in direct obligations of the United States of America or any agency or instrumentality thereof whose obligations constitute the full faith and credit obligations of the United States of America having a maturity of one (1) year or less, commercial paper issued by a U.S. corporation rated "A-1" or "A-2" by Standard & Poor's Ratings Services Corporation or "P-1" or "P-2" by Xxxxx'x Investors Investor Service, investments in money market mutual funds whose underlying assets are exclusively investments which would otherwise be permitted investments under this Section 7.7(a17.7(a), or repurchase agreements, certificates of deposit or bankers' acceptances having a maturity of one (1) year or less issued by members of the Federal Reserve System having deposits in excess of $500,000,000 (which certificates of deposit or bankers' acceptances are fully insured by the Federal Deposit Insurance Corporation); (b) Travel advances or loans to officers and employees of the Borrower (not including contracts made in the ordinary course of business with any such officers or employees) not exceeding at any one time an aggregate of $25,000; (c) Advances in the form of progress payments, prepaid rent or security deposits; (d) Existing investments as described in the Borrower's financial statements previously delivered to the Lenders and investments described in Section 7.3(d)statements; (e) Investments constituting transactions contracts made in the ordinary course of business of the Borrower, including but not limited to investments in RDO Securitization Corp.; (f) Investments in wholly-owned subsidiaries of the Borrower existing as of the date hereof; (g) Transitions and investments permitted under Section 17.1; and (gh) Investments not otherwise permitted in this Section 7.7 17.7 not to exceed $250,000 1,000,000 in the aggregate (on a book value basis) at any time outstanding.

Investments; Subsidiaries. The Borrower will not purchase or hold beneficially any stock or other securities or evidences of indebtedness of, make or permit to exist any loans or advances to, or create or acquire any Subsidiary or make any investment or acquire any interest whatsoever in, any other Person, except: (a) Investments in direct obligations of the United States of America or any agency or instrumentality thereof whose obligations constitute the full faith and credit obligations of the United States of America having a maturity of one (1) year or less, commercial paper issued by a U.S. corporation rated "A-1" or "A-2" by Standard & Poor's Ratings Services Corporation or "P-1" or "P-2" by Xxxxx'x Investors Investor Service, investments in money market mutual funds whose underlying assets are exclusively investments which would otherwise be permitted investments under this Section 7.7(a18.7(a), or repurchase agreements, certificates of deposit or bankers' acceptances having a maturity of one (1) year or less issued by members of the Federal Reserve System having deposits in excess of $500,000,000 (which certificates of deposit or bankers' acceptances are fully insured by the Federal Deposit Insurance Corporation); (b) Travel advances or loans to officers and employees of the Borrower (not including contracts made in the ordinary course of business with any such officers or employees) not exceeding at any one time an aggregate of $25,000; (c) Advances in the form of progress payments, prepaid rent or security deposits; (d) Existing investments as described in the Borrower's financial statements previously delivered to the Lenders and investments described in Section 7.3(d)statements; (e) Investments constituting transactions contracts made in the ordinary course of business of the Borrower, including but not limited to investments in RDO Securitization Corp.; (f) Investments in wholly-owned subsidiaries of the Borrower existing as of the date hereof; (g) Transitions and investments permitted under Section 18.1; and (gh) Investments not otherwise permitted in this Section 7.7 18.7 not to exceed $250,000 1,000,000 in the aggregate (on a book value basis) at any time outstanding.

Investments; Subsidiaries. The Borrower will not purchase or hold beneficially any stock or other securities or evidences of indebtedness of, make or permit to exist any loans or advances to, or create or acquire any Subsidiary or make any investment or acquire any interest whatsoever in, any other Person, except: (a) Investments in direct obligations of the United States of America or any agency or instrumentality thereof whose obligations constitute the full faith and credit obligations of the United States of America having a maturity of one (1) year or less, commercial paper issued by a U.S. corporation rated "A-1" or "A-2" by Standard & Poor's Ratings Services or "P-1" or "P-2" by Xxxxx'x Moody's Investors Service, investments in money market mutual funds muxxxx xxnds whose underlying assets are exclusively investments which would otherwise be permitted investments under this Section 7.7(a7.6(a), or repurchase agreements, certificates of deposit or bankers' acceptances having a maturity of one (1) year or less issued by members of the Federal Reserve System having deposits in excess of $500,000,000 (which certificates of deposit or bankers' acceptances are fully insured by the Federal Deposit Insurance Corporation); (b) Travel advances or loans to officers and employees of the Borrower (not including contracts made in the ordinary course of business with any such officers or employees) not exceeding at any one time an aggregate of $25,000; (c) Advances in the form of progress payments, prepaid rent or security deposits; (d) Existing investments as described in the financial statements previously delivered to the Lenders and investments described in Section 7.3(d)Lender; (e) Investments constituting transactions made in the ordinary course of business of the Borrower, including but not limited to investments in RDO Securitization Corp.; (f) Investments in wholly-owned subsidiaries of the Borrower existing as of the date hereof; and (g) Investments not otherwise permitted in this Section 7.7 not to exceed $250,000 500,000 in the aggregate (on a book value basis) at any time outstanding.

Investments; Subsidiaries. The Borrower will not purchase or hold beneficially any stock or other securities or evidences of indebtedness of, make or permit to exist any loans or advances to, or create or acquire any Subsidiary or make any investment or acquire any interest whatsoever in, any other Person, except: (a) Investments in direct obligations of the United States of America or any agency or instrumentality thereof whose obligations constitute the full faith and credit obligations of the United States of America having a maturity of one (1) year or less, commercial paper issued by a U.S. corporation rated "A-1" or "A-2" by Standard & Poor's Ratings Services or "P-1" or "P-2" by Xxxxx'x Investors Service, investments in money market mutual funds whose underlying assets are exclusively investments which would otherwise be permitted investments under this Section 7.7(a16.7(a), or repurchase agreements, certificates of deposit or bankers' acceptances having a maturity of one (1) year or less issued by members of the Federal Reserve System having deposits in excess of $500,000,000 (which certificates of deposit or bankers' acceptances are fully insured by the Federal Deposit Insurance Corporation); (b) Travel advances or loans to officers and employees of the Borrower (not including contracts made in the ordinary course of business with any such officers or employees) not exceeding at any one time an aggregate of $25,000; (c) Advances in the form of progress payments, prepaid rent or security deposits; (d) Existing investments as described in the Borrower's financial statements previously delivered to the Lenders and investments described in Section 7.3(d)statements; (e) Investments constituting transactions made in the ordinary course of business of the Borrower, including but not limited to investments in RDO Securitization Corp.; (f) Investments in wholly-owned subsidiaries of the Borrower existing as of the date hereof; (g) Transitions and investments permitted under Section 16.1; and (gh) Investments not otherwise permitted in this Section 7.7 16.7 not to exceed $250,000 1,000,000 in the aggregate (on a book value basis) at any time outstanding.