Loans and Other Investments. Shall not make or permit to exist any advances or loans to, or guarantee or become contingently liable, directly or indirectly, in connection with the obligations, leases, stock or dividends of, or own, purchase or make any commitment to purchase any stock, bonds, notes, debentures or other securities of, or any interest in, or make any capital contributions to (all of which are sometimes collectively referred to herein as “Investments”) any Person except for (a) purchases of direct obligations of the federal government, (b) deposits in commercial banks, (c) commercial paper of any U.S. corporation having the highest ratings then given by the Xxxxx’x Investors Services, Inc. or Standard & Poor’s Corporation, (d) existing investments in Subsidiaries, (e) endorsement of negotiable instruments for collection in the ordinary course of business, and (f) advances to employees for business travel and other expenses incurred in the ordinary course of business.
Loans and Other Investments. Shall not make or permit to exist any advances or loans to, or guarantee or become contingently liable, directly or indirectly, in connection with the obligations, leases, stock or dividends of, or own, purchase or make any commitment to purchase any stock, bonds, notes, debentures or other securities of, or any interest in, or make any capital contributions to (all of which are sometimes collectively referred to herein as "Investments") any Person except for (a) purchases of direct obligations of the United States government, (b) deposits in commercial banks insured by the Federal Deposit Insurance Corporation, (c) commercial paper of any U.S. corporation having the highest ratings then given by Moody's Investors Servxxx, Inc. or Standard & Poor's Corporation, and (d) endorsement of negotiable instruments for collection in the ordinary course of business.
Loans and Other Investments. 17 6.5. Change in Business....................................18 6.6. Accounts..............................................18 6.7. Transactions with Affiliates..........................18 6.8. No Change in Name, Offices, Jurisdiction of Organization, Removal of Collateral ...............18 6.9. No Sale, Leaseback....................................18 6.10. Margin Stock.........................................18 6.11.
Loans and Other Investments. Shall not make or permit to exist any advances or loans to, or guarantee or become contingently liable, directly or indirectly, in connection with the obligations, leases, stock or dividends of, or own, purchase or make any commitment to purchase any stock, bonds, notes, debentures or other securities of, or any interest in, or make any capital contributions to (all of which are sometimes collectively referred to herein as "Investments") any Person except for (a) purchases of direct obligations of the federal government, (b) deposits in commercial banks, (c) commercial paper of any U.S. corporation having the highest ratings then given by Moodx'x Xxxestors Service, Inc. or Standard & Poor's Corporation, (d) investments in Subsidiaries existing on the date hereof, and (e) endorsement of negotiable instruments for collection in the ordinary course of business.
Loans and Other Investments. With the exception of Permitted Distributions, the Borrower shall not make or permit to exist any advances or loans to, or guarantee or become contingently liable, directly or indirectly, in connection with the obligations, leases, stock or dividends of, or own, purchase or make any commitment to purchase any stock, bonds, notes, debentures or other securities of, or any interest in, or make any capital contributions to (all of which are sometimes collectively referred to herein as “Investments”) any Person except for (i) deposits in the Lenders, (ii) endorsement of negotiable instruments for collection in the ordinary course of business, (iii) advances to employees for business travel and other expenses incurred in the ordinary course of business, (iv) so long as no Event of Default shall have occurred and be continuing, cash advances to wholly owned Foreign Subsidiaries in an amount not to exceed the lesser of (A) cash received from such Foreign Subsidiaries during the previous twelve (12) months or (B) One Hundred Thousand Dollars ($100,000) during any twelve (12) month period.
Loans and Other Investments. With respect to any Person, the Credit Parties shall not, and shall not permit any Subsidiary of a Credit Party to, (a) make or permit to exist any advances or loans to such Person, (b) guarantee or become contingently liable, directly or indirectly, in connection with the obligations, leases, Equity Interests, or dividends or distributions of such Person, (c) own, purchase, or make any commitment to purchase any Equity Interests, bonds, notes, debentures, or other securities of, or any interest in such Person, or (d) make any capital contributions to such Person (all of which are sometimes collectively referred to herein as “Investments”), except for (i) purchases of direct obligations of the United States; (ii) deposits in commercial banks; (iii) commercial paper of any U.S. corporation having the highest ratings then given by the Xxxxx’x Investors Services, Inc. or Standard & Poor’s Corporation; (iv) investments in Subsidiaries existing as of the Effective Date; (v) endorsement of negotiable instruments for collection in the ordinary course of business; (vi) advances to employees for business travel and other expenses incurred in the ordinary course of business which do not at any time exceed in the aggregate $10,000; (vii) (A) any Swap Agreements entered into under Section 8.14 and (B) any Swap Agreements entered into in the ordinary course of business and not for speculative purposes with a counterparty reasonably acceptable to the Agent; (viii) Investments (other than loans) by the Borrower in its Subsidiaries; provided that at any time an Event of Default exists, no such Investment in any Subsidiary that is not a Credit Party may be made with any proceeds of the Loans without the Agent’s prior written consent; (ix) Investments by any Subsidiary that is not a Credit Party in any Subsidiary that is not a Credit Party; (x) the Pharmaceutical Wholesalers Guaranties in an aggregate amount not greater than $80,000,000 at any time; (xi) loans by the Borrower to Subsidiaries of the Borrower that are joint ventures (each such loan, a “Joint Venture Loan”), so long as (A) such Joint Venture Loans are guaranteed in favor of the Borrower by all of the Persons owning the Equity Interests of such Subsidiary, other than the Borrower (each such guaranty, a “Joint Venture Guaranty”), in proportion of the Equity Interests such Person owns in such Subsidiary, and, if any Joint Venture Loan is secured, the Borrower has taken appropriate steps to perfect is Lien, and (B...
Loans and Other Investments. Other than those existing as of the date hereof, Borrower shall not make or permit to exist any advances or loans to, or guarantee or become contingently liable, directly or indirectly, in connection with the obligations, leases, stock or dividends of, or own, purchase or make any commitment to purchase any bonds, notes, debentures or other non-equity securities of, or any interest in, or make any capital contributions to (all of which are sometimes collectively referred to herein as “Investments”) any Person except for (a) purchases of direct obligations of the federal government, (b) deposits in commercial banks, (c) commercial paper of any U.S. corporation having the highest ratings then given by the Xxxxx’x Investors Services, Inc. or Standard & Poor’s Corporation, (d) existing investments in Subsidiaries, (e) endorsement of negotiable instruments for collection in the ordinary course of business, and (f) advances to employees for business travel and other expenses incurred in the ordinary course of business which do not at any time exceed $25,000.00 in the aggregate.
Loans and Other Investments. With respect to any Person, shall not (a) make or permit to exist any advances or loans to such Person, (b) guarantee or become contingently liable, directly or indirectly, in connection with the obligations, leases, Equity Interests, or dividends or distributions of such Person, (c) own, purchase, or make any commitment to purchase any Equity Interests, bonds, notes, debentures, or other securities of, or any interest in such Person, or (d) make any capital contributions to such Person (all of which are sometimes collectively referred to herein as “Investments”), except for (i) purchases of direct obligations of the Federal Government; (ii) deposits with Lender or commercial banks with a rating of A or better by the Standard & Poor’s Corporation; (iii) commercial paper of any U.S. corporation having the highest ratings then given by Xxxxx’x Investors Services, Inc. or the Standard & Poor’s Corporation; (iv) existing investments in Subsidiaries; (v) endorsement of negotiable Instruments for collection in the ordinary course of business; (vi) advances to employees for business travel and other expenses incurred in the ordinary course of business which do not at any time exceed in the aggregate $100,000 and (vii) any Hedge Agreements entered into in the ordinary course of business and not for speculative purposes with a counterparty reasonably acceptable to Lender.
Loans and Other Investments. Shall not make or permit to exist any advances or loans to, or guarantee or become contingently liable, directly or indirectly, in connection with the obligations, leases, stock or dividends of, or own, purchase or make any commitment to purchase any stock, bonds, notes, debentures or other securities of, or any interest in, or make any capital contributions to any Person, except for (a) purchases of direct obligations of the federal government, (b) deposits in commercial banks, (c) commercial paper of any U.S. corporation having the highest ratings then given by the Mxxxx'x Investors Services, Inc. or Standard & Poor's Corporation, (d) loans and investments in Subsidiaries created, acquired and existing in compliance with Section 6.12, (e) endorsement of negotiable instruments for collection in the ordinary course of business, and (f) advances to employees for business travel and other expenses incurred in the ordinary course of business which do not at any time exceed $50,000 in the aggregate.
Loans and Other Investments. Other than Permitted Distributions, except as may be permitted by the Lender in writing, Borrower shall not make or permit to exist any advances or loans to, or guarantee or become contingently liable, directly or indirectly, in connection with the obligations, leases, stock or dividends of, or own, purchase or make any commitment to purchase any stock, bonds, notes, debentures or other securities of, or any interest in, or make any capital contributions to (all of which are sometimes collectively referred to herein as “Investments”) in any Person except for (a) purchases of direct obligations of the federal government, (b) deposits in the Lender, (c) commercial paper of any U.S. corporation having the highest ratings then given by the Xxxxx’x Investors Services, Inc. or Standard & Poor’s Corporation, and their successors and assigns, (d) endorsement of negotiable instruments for collection in the ordinary course of business, and (e) advances to employees for business travel and other expenses incurred in the ordinary course of business which do not at any time exceed ten thousand dollars ($10,000) in the aggregate.
