Common use of Material Investments Clause in Contracts

Material Investments. The Borrower will not, and will not permit any Material Subsidiary to, make material investments or enter into ventures of a material nature which are outside the scope of their normal course of business.

Appears in 3 contracts

Samples: Credit Agreement (Protective Products of America, Inc.), Credit Agreement (Protective Products of America, Inc.), Credit Agreement (Protective Products of America, Inc.)

AutoNDA by SimpleDocs

Material Investments. The Other than the Intercompany Loan, the Borrower will not, and will not permit any Material Subsidiary to, make material investments or enter into ventures of a material nature which are outside the scope of their normal course of business.”

Appears in 1 contract

Samples: Consent and First Amending Agreement (Obsidian Energy Ltd.)

AutoNDA by SimpleDocs

Material Investments. The Borrower will not, and will not permit any Material Subsidiary to, make material investments or enter into ventures of a material nature which are outside the scope of their normal course of business.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Energy Ltd.)

Time is Money Join Law Insider Premium to draft better contracts faster.