Common use of Loan and Investments Clause in Contracts

Loan and Investments. Borrower shall not purchase or acquire or make any commitment therefor, any capital stock, equity interest, or any obligations or other securities of, or any interest in, any Person, or commit to make any Acquisitions, or make or commit to make any advance, loan, extension of credit or capital contribution to or any other investment in, any Person including any Affiliate of the Company (together, "Investments"), except for: (a) Investments held by Borrower in the form of cash equivalents or short-term marketable securities; and (b) Investments in and through Intermediate Partnership permitted by SECTION 10.9.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Northern Border Partners Lp), 364 Day Credit Agreement (Northern Border Partners Lp)

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Loan and Investments. Borrower shall not purchase or acquire or make any commitment thereforto purchase or acquire, any capital stock, equity interest, or any obligations or other securities of, or any interest in, any Person, or commit to make any Acquisitions, or make or commit to make any advance, loan, extension of credit or capital contribution to or any other investment in, any Person including any Affiliate of the Company Borrower (together, "InvestmentsINVESTMENTS"), except for: (a) Investments held by Borrower in the form of cash equivalents or short-term marketable securities; and (b) Investments in and through Intermediate Partnership permitted by SECTION Section 10.9.

Appears in 1 contract

Samples: Revolving Credit Agreement (Northern Border Partners Lp)

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Loan and Investments. Borrower shall not purchase or acquire or make any commitment therefor, any capital stock, equity interest, or any obligations or other securities of, or any interest in, any Person, or commit to make any Acquisitions, or make or commit to make any advance, loan, extension of credit or capital contribution to or any other investment in, any Person including any Affiliate of the Company Borrower (together, "InvestmentsINVESTMENTS"), except for: (a) Investments held by Borrower in the form of cash equivalents or short-term marketable securities; and (b) Investments in and through Intermediate Partnership permitted by SECTION Section 10.9.

Appears in 1 contract

Samples: Revolving Credit Agreement (Northern Border Partners Lp)

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