Limitations on Loans. Advances, Investments and Acquisitions. Purchase, own, invest in or otherwise acquire, directly or indirectly, any capital stock, interests in any partnership or joint venture, evidence of Debt or other obligation or security, substantially all or a portion of the business or assets of any other Person or any other investment or interest whatsoever in any other Person, or make or permit to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment in cash or by delivery of property in, any Person, or enter into, directly or indirectly, any commitment in respect of the foregoing except:
(a) investments existing on the Closing Date and the other existing loans, advances and investments described on Schedule 9.4;
(b) investments in (i) marketable direct obligations issued or unconditionally guaranteed by the United States of America or any agency thereof maturing within 120 days from the date of acquisition thereof, (ii) marketable direct obligations issued by any State of the United States or any political subdivision of any such State or any public instrumentality thereof maturing within 120 days from the date of acquisition thereof and, at the time of acquisition, having the highest or second highest rating obtainable from S&P or Xxxxx'x; (iii) commercial paper maturing within 120 days from the date of the acquisition thereof, and, at the time of acquisition, having a rating of A-1 or higher by S&P or P-1 or higher by Xxxxx'x, (iv) certificates of deposit maturing no more than 120 days from the date of creation thereof issued by commercial banks incorporated under the laws of the United States of America, each having combined capital, surplus and undivided profits of not less than $500,000,000 and having a rating of A or better by a nationally recognized rating agency; (v) time deposits maturing no more than 30 days from the date of creation thereof with commercial banks or savings banks or savings and loan associations each having membership either in the FDIC or the deposits of which are insured by the FDIC and in amounts not exceeding the maximum amounts of insurance thereunder; (vi) eligible bankers' acceptances, repurchase agreements and tax-exempt municipal bonds having a maturity of less than one year and in each case having a rating, or being the full recourse obligation of a Person whose senior debt rating has a rating, of A or higher by S&P or Xxxxx'x; or (vii) any money market fund organized under the laws o...
Limitations on Loans. Advances, Investments and Acquisitions. Purchase, own, invest in or otherwise acquire, directly or indirectly, any capital stock, interests in any partnership or joint venture (including, without limitation, the creation or capitalization of any Subsidiary), evidence of Debt or other obligation or security, substantially all or a portion of the business or assets of any other Person or any other investment or interest whatsoever in any other Person, or make or permit to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment in cash or by delivery of property in, any Person except:
(a) investments (i) existing on the Closing Date in Subsidiaries, (ii) in Subsidiaries formed or acquired after the Closing Date so long as the Borrower and its Subsidiaries comply with the applicable provisions of Section 8.11 and (iii) existing on the Closing Date in the form of loans, advances and investments described on Schedule 10.3;
(b) investments in (i) marketable direct obligations issued or unconditionally guaranteed by the United States of America or any agency thereof maturing within one hundred twenty (120) days from the date of acquisition thereof, (ii) commercial paper maturing no more than one hundred twenty (120) days from the date of creation thereof and currently having the highest rating obtainable from either Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc. xx Xxxxx'x Investors Service, Inx., (xii) certificates of deposit maturing no more than one hundred twenty (120) days from the date of creation thereof issued by commercial banks incorporated under the laws of the United States of America, each having combined capital, surplus and undivided profits of not less than $500,000,000 and having a rating of "A" or better by a nationally recognized rating agency; provided, that the aggregate amount invested in such certificates of deposit shall not at any time exceed $5,000,000 for any one such certificate of deposit and $10,000,000 for any one such bank, or (iv) time deposits maturing no more than thirty (30) days from the date of creation thereof with commercial banks or savings banks or savings and loan associations each having membership either in the FDIC or the deposits of which are insured by the FDIC and in amounts not exceeding the maximum amounts of insurance thereunder; and
(c) investments by the Borrower or any of its Subsidiaries in the form of acquisitions of all, substantial...
Limitations on Loans. No requested Revolving Credit Loan shall be made if the sum of the Aggregate Outstanding Revolving Credit Extensions of Credit (after giving effect to such requested Revolving Credit Loan) would exceed the then aggregate Revolving Credit Commitments. The aggregate amount of the Term Loans shall not exceed the aggregate Term Loan Commitments.
Limitations on Loans. In no event may (a) the aggregate principal amount of all Loans at any time exceed the Aggregate Commitment or (b) the aggregate principal amount of all Loans of any Lender at any time exceed the amount of such Lender’s Commitment.
Limitations on Loans. No loan shall be made to a Participant who has --------------------- more than one outstanding loan, who UDLP determines to have insufficient monthly net base pay to repay the loan, who has defaulted on a previous loan from the Plan, or has borrowed from the Plan within the prior twelve (12) months.
Limitations on Loans. No requested Loan shall be made if the sum of the Aggregate Outstandings (after giving effect to such requested Loan) would exceed the lesser of (a) the maximum amount of the Revolving Credit [as it may be reduced pursuant to Subsection 2.1(d)] or (b) the Incurrence Limitation then in effect.
Limitations on Loans. Investments and Acquisitions Not purchase, own, invest in or otherwise acquire, directly or indirectly, any Capital Stock, interests in any partnership or joint venture (including, without limitation, the creation or capitalisation of any Subsidiary), evidence of Financial Indebtedness or other obligation or security, substantially all or a portion of the business or assets of any other person or any other investment or interest whatsoever in any other person, or make or permit to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment in cash or by delivery of property in, any person except:
Limitations on Loans. (a) The Closing Date must occur during the Availability Period for Facility A, and the Borrower must utilise each of Facility A and Facility B in full on the Closing Date.
(b) The Borrower may not utilise any Incremental Facility unless:
(i) it has complied with paragraph (a) above and Clause 25.39 (Conditions subsequent – Closing Date Utilisations); and
(ii) Facility C has been fully utilised (or will be fully utilised together with that utilisation of the Incremental Facility).
Limitations on Loans. A Facility may only be utilised on a date falling on or after the Closing Date within the Availability Period and only if both Facilities are utilised on that date.
Limitations on Loans. Notwithstanding anything to the contrary in this Agreement: (a) all conversions and continuations of LIBOR Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (i) after giving effect thereto, the aggregate principal amount of the LIBOR Loans having the same Interest Period beginning and ending on the same date shall be equal to $500,000 or a whole multiple of $100,000 in excess thereof and (ii) no more than ten (10) LIBOR Loans shall be outstanding at any one time; and (b) all conversions or continuations of Prime Rate Loans hereunder shall be equal to $100,000 or a whole multiple of $50,000 in excess thereof.
