Loan and Investments. The Company shall not, and shall not permit any of its Subsidiaries to, at any time make or suffer to remain outstanding any loan or advance to, or purchase, acquire or own any bonds, notes, securities or Equity Interests of, or any other investment or interest in, or make any capital contribution to, any other Person, or agree, become or remain liable to do any of the foregoing, except: (a) trade credit extended on usual and customary terms in the ordinary course of business; (b) advances to employees to meet expenses incurred by such employees in the ordinary course of business; (c) Permitted Investments; (d) loans, advances and investments in other Obligors; (e) Permitted Acquisitions; (f) [Reserved]; (g) loans, advances and investments by Excluded Subsidiaries in other Excluded Subsidiaries; (h) transactions permitted under Section 11.1; (i) loans, advances and investments not otherwise permitted in clauses (a) through (h) pursuant to the Amendment Date Reorganization; and (j) loans, advances and investments not otherwise permitted in clauses (a) through (i) above in Excluded Subsidiaries and Joint Ventures in an amount, measured at the time any such loan, advance or investment is made, which shall not exceed, together with any Asset Disposition described in clause (a)(iii) of the definition thereof, ThreeSix Hundred Fifty Million Dollars ($300,000,000.00650,000,000.00) in the aggregate at any one time outstanding, which amount shall be calculated net of any Asset Disposition from a Foreign Subsidiary to the Company or any Domestic Subsidiary.
Appears in 1 contract
Samples: Multi Currency Note Purchase and Private Shelf Agreement (MSA Safety Inc)
Loan and Investments. The Company shall not, and shall not permit any of its Subsidiaries to, at any time make or suffer to remain outstanding any loan or advance to, or purchase, acquire or own any bonds, notes, securities or Equity Interests of, or any other investment or interest in, or make any capital contribution to, any other Person, or agree, become or remain liable to do any of the foregoing, except:
(a) trade credit extended on usual and customary terms in the ordinary course of business;
(b) advances to employees to meet expenses incurred by such employees in the ordinary course of business;
(c) Permitted Investments;
(d) loans, advances and investments in other Obligors;
(e) Permitted Acquisitions;
(f) [Reserved];
(g) loans, advances and investments by Excluded Subsidiaries in other Excluded Subsidiaries;
(h) transactions permitted under Section 11.1;
(i) loans, advances and investments not otherwise permitted in clauses (a) through (h) pursuant to the Amendment Date ReorganizationPermitted MSA Loans; and
(j) loans, advances and investments not otherwise permitted in clauses (a) through (i) above in Excluded Subsidiaries and Joint Ventures in an amount, measured at the time any such loan, advance or investment is made, which shall not exceed, together with any Asset Disposition described in clause (a)(iii) of the definition thereof, ThreeSix Seven Hundred Fifty Million Dollars ($300,000,000.00650,000,000.00750,000,000.00) in the aggregate at any one time outstanding, which amount shall be calculated net of any Asset Disposition from a Foreign Subsidiary to the Company or any Domestic Subsidiary.
Appears in 1 contract
Samples: Third Amended and Restated Multi Currency Note Purchase and Private Shelf Agreement (MSA Safety Inc)
Loan and Investments. The Company shall not, and shall not permit any of its Subsidiaries to, at any time make or suffer to remain outstanding any loan or advance to, or purchase, acquire or own any bonds, notes, securities or Equity Interests of, or any other investment or interest in, or make any capital contribution to, any other Person, or agree, become or remain liable to do any of the foregoing, except:
(a) trade credit extended on usual and customary terms in the ordinary course of business;
; (b) advances to employees to meet expenses incurred by such employees in the ordinary course of business;
; (c) Permitted Investments;
; (d) loans, advances and investments in other Obligors;
; (e) Permitted Acquisitions;
; (f) [Reserved];
; (g) loans, advances and investments by Excluded Subsidiaries in other Excluded Subsidiaries;
; (h) transactions permitted under Section 11.1;
; (i) loans, advances and investments not otherwise permitted in clauses (a) through (h) pursuant to the Amendment Date Reorganization; and
(j) loans, advances and investments not otherwise permitted in clauses (a) through (i) above in Excluded Subsidiaries and Joint Ventures in an amount, measured at the time any such loan, advance or investment is made, which shall not exceed, together with any Asset Disposition described in clause (a)(iii) of the definition thereof, ThreeSix Three Hundred Fifty Million Dollars ($300,000,000.00650,000,000.00300,000,000.00) in the aggregate at any one time outstanding, which amount shall be calculated net of any Asset Disposition from a Foreign Subsidiary to the Company or any Domestic Subsidiary. 11.5.
Appears in 1 contract
Samples: Multi Currency Note Purchase and Private Shelf Agreement
Loan and Investments. The Company shall not, and shall not permit any of its Subsidiaries to, at any time make or suffer to remain outstanding any loan or advance to, or purchase, acquire or own any bonds, notes, securities or Equity Interests of, or any other investment or interest in, or make any capital contribution to, any other Person, or agree, become or remain liable to do any of the foregoing, except:
(a) trade credit extended on usual and customary terms in the ordinary course of business;
(b) advances to employees to meet expenses incurred by such employees in the ordinary course of business;
(c) Permitted Investments;
(d) loans, advances and investments in other Obligors;
(e) Permitted Acquisitions;
(f) [Reserved];
(g) loans, advances and investments by Excluded Subsidiaries in other Excluded Subsidiaries;
(h) transactions permitted under Section 11.1;
(i) loans, advances and investments not otherwise permitted in clauses (a) through (h) pursuant to the Amendment Date Reorganization; and
(j) loans, advances and investments not otherwise permitted in clauses (a) through (i) above in Excluded Subsidiaries and Joint Ventures in an amount, measured at the time any such loan, advance or investment is made, which shall not exceed, together with any Asset Disposition described in clause (a)(iii) of the definition thereof, ThreeSix Three Hundred Fifty Million Dollars ($300,000,000.00650,000,000.00300,000,000.00) in the aggregate at any one time outstanding, which amount shall be calculated net of any Asset Disposition from a Foreign Subsidiary to the Company or any Domestic Subsidiary.
Appears in 1 contract
Samples: Multi Currency Note Purchase and Private Shelf Agreement (MSA Safety Inc)