Partnerships; Joint Ventures. Borrower shall not, and shall not permit any of its Subsidiaries to, become a general partner in any general or limited partnership or joint venture, except with respect to any purchase or other acquisition of any capital stock or other ownership or profit interest, warrants, rights, options, obligations or other securities of any Person, any capital contribution to such Person or any other investment in such Person which individually or in the aggregate with all such other investments during the term hereof shall not exceed $20,000,000.
Appears in 3 contracts
Samples: Loan and Security Agreement (K-Sea Transportation Partners Lp), Bridge Loan Agreement (K-Sea Transportation Partners Lp), Loan and Security Agreement (K-Sea Transportation Partners Lp)
Partnerships; Joint Ventures. Borrower shall notbecome, and shall not permit any of its Subsidiaries toto become, become a general partner partner, in any general or limited partnership or joint venture, except with respect to any purchase or other acquisition of any capital stock or other ownership or profit interest, warrants, rights, options, obligations or other securities of any Person, any capital contribution to such Person or any other investment in such Person which individually or in the aggregate with all such other investments during the term hereof shall not exceed $20,000,000.
Appears in 1 contract
Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp)
