Common use of Limitations on Loans, Investments and Other Obligations Clause in Contracts

Limitations on Loans, Investments and Other Obligations. (a) The Borrower shall not, without first obtaining the written approval of Lender, (i) purchase or make any commitment to purchase any stock, bonds, notes, debentures or other securities or obligations of or beneficial interest in, (ii) make any other investment in, (iii) make any loan to, or (iv) guarantee, assume, or otherwise become liable for any obligation of, any corporation, association, partnership, joint venture, trust, government or any agency or department thereof, or any other entity of any kind if the aggregate amount of all such purchases, investments, loans and guarantees exceeds in any twelve (12) month period the greater of ten percent (10%) of Total Plant or thirty percent (30%) of Net Worth.

Limitations on Loans, Investments and Other Obligations. (a) The Borrower shall not, without first obtaining the written approval of Lender, (i) purchase or make any commitment to purchase any stock, bonds, notes, debentures or other securities or obligations of or beneficial interest in, (ii) make any other investment in, (iii) make any loan to, or (iv) guarantee, assume, or otherwise become liable for any obligation of, any corporation, association, partnership, joint venture, trust, government or any agency or department thereof, or any other entity of any kind if the aggregate amount of all such purchases, investments, loans and guarantees exceeds in any twelve (12) month period the greater of ten percent (10%) of 10%)of Total Plant or thirty percent (30%) of Net Worth.