Limitation on Advances and Investments. Neither the Borrower nor the Guarantors will, or will permit any of their respective Subsidiaries to, make or permit to exist, any loans, advances or capital contributions to, or make any investment in, or purchase or commit to purchase any stock or other securities or evidences of indebtedness of or interests in any other Person which is not, or which will not become in connection with such transaction, a Subsidiary (“Investments”), except:
Limitation on Advances and Investments. Make or suffer to exist any advances or loans in excess of $10,000 to, or any material investments in (by transfers of property, contributions to capital, purchase of stock or securities or evidence of indebtedness, acquisition of assets or business or otherwise but excluding accounts receivable arising in the ordinary course of Borrower's business) any person, firm or corporation, including officers or employees of the Borrower.
Limitation on Advances and Investments. Make or suffer to exist any advances or loans to, or any investments in (by transfers of property, contributions to capital, purchase of stock or securities or evidence of indebtedness, acquisition of assets or business or otherwise) any person, firm or corporation, including officers or employees of Obligors, other than capital expenditures permitted by Section 6.20 and acquisitions of all the stock or all or substantially all of the assets of any entity (each an "Acquisition") funded by internally generated cash, stock of Holdings or purchase money indebtedness owed to the seller of the stock or assets of such entity being acquired for which the total purchase price in any one Acquisition does not exceed $500,000 and the total purchase price for all Acquisitions in any one fiscal year does not exceed $1,000,000 and after giving effect to which no Event of Default, or event which with the giving of notice or the passage of time would constitute an Event of Default, shall have occurred.
Limitation on Advances and Investments. The Borrower shall not make or suffer to exist any advances or loans to, or any investments in (by transfers or property, contributions to capital, purchase of stock or securities or evidence of indebtedness, acquisition of assets or business or otherwise) any Person other than the securities of the United States of America and other investments as may be offered by the Lender.
Limitation on Advances and Investments. Neither the Borrower nor the Guarantors will, or will permit any of their respective Subsidiaries to, make or permit to exist, any loans, advances or capital contributions to, or make any investment in, or purchase or commit to purchase any stock or other securities or evidences of indebtedness of or interests in any other Person which is not, or which will not become in connection with such transaction, a Subsidiary (“Investments”), except the following: (a) Liquid Investments; (b) trade and customer accounts receivable which are for goods furnished or services rendered in the ordinary course of business and are payable in accordance with customary trade terms; (c) Investments in respect of joint ventures or similar arrangements relating to the ownership or operation of food service businesses in which the Borrower and its Subsidiaries in the aggregate are the beneficial owners of not less than 50% of the outstanding equity interests; (d) Investments not otherwise permitted by this Section 7.07 in any Person or Persons, in an additional amount not to exceed $100,000,000 in the aggregate per fiscal year; 66 122723226_17
Limitation on Advances and Investments. Without the prior written consent of the Requisite Investors, the Borrower shall not make or suffer to exist any advances or loans to, or any investments in (by transfers or property, contributions to capital, purchase of stock or securities or evidence of indebtedness, acquisition of assets or business or otherwise) any Person other than the securities of the United States of America and certificates of deposits in a bank or trust Borrower or other deposit account acceptable to the Agent, and the Borrower shall not prepay any financing-related debt obligations. Notwithstanding the forgoing, Borrower may make advances to employees in the normal course of business based upon its employee expense reimbursement plan; provided, however, that all such advances shall be in compliance with the provisions of Section 402 of the Xxxxxxxx-Xxxxx Act of 2002.
Limitation on Advances and Investments. Make or suffer to exist any advances or loans to, or any investments in (by transfers of property, contributions to capital, purchase of stock or securities or evidence of indebtedness, acquisition of assets 52 or business or otherwise) any person, firm or corporation, including officers or employees of Obligors, other than (a) Capital Expenditures permitted by Section 6.20, (b) advances for employee business expenses in the ordinary course of business, (c) advances or loans to another Obligor, (d) investments in U. S. Treasury obligations, Certificates of Deposits issued by banks domiciled in the United States and securities pursuant to Agent's automatic sweep investment account, in each case in the ordinary course of business, (e) the existing investments in Mac Casualty Ltd. and Computer Designed Systems, Inc. as of the date of this Agreement and (f) Acquisitions of businesses within the home and office business segment of the food and beverage industry which derive seventy-five percent (75%) or more of their revenues from the home and office delivery of bottled water and refreshment products and for which, in any one transaction, the total purchase price does not exceed $4,000,000, the amount borrowed under the Acquisition/Capital Asset Line of Credit does not exceed $3,000,000 and the total amount of the purchase price funded by internally generated cash does not exceed $1,000,000 and after giving effect to which, as certified in a written statement from the President, Chief Executive Officer or Chief Financial Officer of Holdings delivered to Agent prior to such Acquisition demonstrating compliance with all financial covenants on a proforma basis after taking into account such Acquisition and reflecting all computations in connection therewith, no Event of Default, or event which with the giving of notice or the passage of time would constitute an Event of Default, shall have occurred and (g) the acceptance of a promissory note in the original principal amount of $500,000 from Micropack Corporation, a copy of which is attached hereto as Exhibit 6.4. None of the Obligors shall enter into any joint venture.
Limitation on Advances and Investments. The Borrower shall not make or suffer to exist any advances or loans to, or any investments in (by transfers or property, contributions to capital, purchase of stock or securities or evidence of indebtedness, acquisition of assets or business or otherwise) any Person other than the securities of the United States of America and certificates of deposits in a bank or trust Borrower or other deposit account acceptable to the Agent, and the Borrower shall not prepay any financing-related debt obligations. Notwithstanding the forgoing, Borrower may make advances to employees in the normal course of business based upon its employee expense reimbursement plan; provided, however, that all such advances shall be in compliance with the provisions of Section 402 of the Xxxxxxxx-Xxxxx Act of 2002.
Limitation on Advances and Investments. Borrower shall not make or -------------------------------------- permit to exist any advances or loans to, or any investments in, any Person (collectively, "Investments"), except for Investments listed on Schedule 4.14 hereto, other Investments in an aggregate amount not in excess of $1.0 million made in the ordinary course of the Borrower's business and other Investments made with the express written consent of the Lender; provided that in each such case Borrower's shall not have any liability or contingent liability with respect to liabilities of the Persons in which such Investments are made beyond the amount of the Borrower's Investments in such Persons. Borrower shall not assume or incur any contingent obligation or liability, as guarantor or otherwise, with respect to the obligations of any Person, whether by contributions to capital, purchase of stock, securities or other evidences of indebtedness or otherwise except for endorsements of instruments for deposit or collection in the ordinary course of business, reimbursement obligations in respect of letters of credit obtained in the ordinary course of business and other contingent obligations incurred in the ordinary course of business and not violating the first sentence of this Section 4.14.
Limitation on Advances and Investments. Except as otherwise consented to by the Bank (such consent not to be unreasonably withheld or delayed), the Borrower shall not make or suffer to exist any advances or loans to, or any investments in (by transfers or property, contributions to capital, purchase of stock or securities or evidence of indebtedness, acquisition of assets or business or otherwise) any Person other than Permitted Investments.
