Common use of No Investment Clause in Contracts

No Investment. No Borrower shall make or suffer to exist, or permit or suffer any of its Marine Subsidiaries to make or suffer to exist, any Investment except as permitted by Section 6.8, the sharing arrangements with respect to Equipment which are shared with Equipment Growth Funds, and equipment owned jointly with USPE’s; provided, however , that EGF VI may make equity investments in its USPE’s in an aggregate amount not to exceed $6,000,000.

Appears in 3 contracts

Samples: Warehousing Credit Agreement (PLM Equipment Growth Fund Vi), Warehousing Credit Agreement (PLM Equipment Growth & Income Fund Vii), Warehousing Credit Agreement (PLM Equipment Growth Fund V)

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No Investment. No Borrower shall make or suffer to exist, or permit or suffer any of its Marine Subsidiaries to make or suffer to exist, any Investment except as permitted by Section 6.8, the sharing arrangements with respect to Equipment which are shared with Equipment Growth Funds, and equipment owned jointly with USPE’s's; provided, however however, that EGF VI may make equity investments in its USPE’s 's in an aggregate amount not to exceed $6,000,000." 3.5 Section 8.1.11. Section 8.1.11 of the Loan Agreement is deleted in its entirety and the following is inserted in lieu thereof:

Appears in 1 contract

Samples: Warehousing Credit Agreement (PLM Equipment Growth & Income Fund Vii)

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