Permitted Investment. 15 Person.....................................................................................16
Permitted Investment. (a) subject to the provisions of subparagraph (b) of this definition, any one or more of the following obligations or securities acquired at a purchase price of not greater than par, including those issued by Servicer, the trustee under any Securitization or any of their respective affiliates, payable on demand or having a maturity date not later than the Business Day immediately prior to the first Payment Date following the date of acquiring such investment (and in no event having maturities of more than 365 days) and meeting one of the appropriate standards set forth below: (i) obligations of, or obligations fully guaranteed as to payment of principal and interest by, the United States or any agency or instrumentality thereof provided such obligations are backed by the full faith and credit of the United States of America including, without limitation, obligations of: the U.S. Treasury (all direct or fully guaranteed obligations), the Farmers Home Administration (certificates of beneficial ownership), the General Services Administration (participation certificates), the U.S. Maritime Administration (guaranteed Title XI financing), the Small Business Administration (guaranteed participation certificates and guaranteed pool certificates), the U.S. Department of Housing and Urban Development (local authority bonds) and the Washington Metropolitan Area Transit Authority (guaranteed transit bonds); provided, however, that the investments described in this clause must (A) have a predetermined fixed dollar of principal due at maturity that cannot vary or change, (B) if rated by S&P, must not have an “r” highlighter affixed to their rating, (C) if such investments have a variable rate of interest, such interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must move proportionately with that index, and (D) such investments must not be subject to liquidation prior to their maturity; (ii) Federal Housing Administration debentures; (iii) obligations of the following United States government sponsored agencies: Federal Home Loan Mortgage Corp. (debt obligations), the Farm Credit System (consolidated system wide bonds and notes), the Federal Home Loan Banks (consolidated debt obligations), the Federal National Mortgage Association (debt obligations), the Financing Corp. (debt obligations), and the Resolution Funding Corp. (debt obligations); provided, however, that the investments described in this clause must (A) have a predeterm...
Permitted Investment. Section 1.01 of the Indenture is hereby amended so that the definition of "Permitted Investment" shall read in its entirety as set forth below:
Permitted Investment. 32 "Permitted Liens........................................................ 33 "
Permitted Investment. The Issuer shall not permit any Subsidiary, any of the Equity Interests of which constitute Transaction Security, to issue any additional Equity Interests to the Issuer or any other Subsidiary of the Issuer unless the Issuer or such other Subsidiary takes all steps necessary to cause such additional Equity Interests also to constitute Transaction Security pursuant to a Security Document governed by the law of the jurisdiction in which the issuing Subsidiary is organized.
Permitted Investment. The foregoing provisions shall not prevent any Party from acquiring, as a passive investment, up to 5% of the voting securities of a Person carrying on a business competitive with the Business.
Permitted Investment. (a) Investments in Subsidiaries to the extent existing on the Closing Date and set forth on Schedule 10.2.5; (b) Cash Equivalents that are subject to Agent’s Lien and control, pursuant to documentation in form and substance satisfactory to Agent; (c) loans and advances permitted under Section 10.2.7; (d) to the extent constituting Distributions, Distributions permitted under Section 10.2.4; (e) Investments made when no Default or Event of Default has occurred and is continuing in an aggregate amount not to exceed $1,000,000 in the aggregate at any time outstanding for all Obligors; and (f) Permitted Acquisitions and the Jiffy Acquisition. Permitted Lien: as defined in Section 10.2.2.
Permitted Investment. (i) Any monies held in the Escrow Fund shall be invested by the Escrow Agent, to the extent permitted by law, in the money market mutual fund identified in Attachment A hereto. The Escrow Agent shall keep monies held in the Escrow Fund invested as set forth herein at all times prior to disbursement. The Escrow Agent shall have no liability for any investment losses, fees, taxes or other charges, including, without limitation, any market loss on any investment liquidated prior to maturity in order to make a payment required hereunder to the extent the monies held in the Escrow Fund are invested as provided above.
Permitted Investment. The definition of “Permitted Investment” in Section 101 of the Indenture is hereby amended by amending and restating clauses (i) and (ii) of such definition: “(i) (v) a Subsidiary Guarantor, (w) the Company, (x) a Person that will, upon the making of such Investment, become a Subsidiary Guarantor (and any Investment held by such Person that was not acquired by such Person in contemplation of so becoming a Restricted Subsidiary), (y) by the Company and Subsidiary Guarantors in Subsidiaries that are not Subsidiary Guarantors (provided that the amount invested pursuant to this clause (y), together with the amount invested by the Company and Subsidiary Guarantors in Subsidiaries that are not Subsidiary Guarantors pursuant to clause (ii) of this definition of “Permitted Investment”, shall not exceed the greater of $100.0 million and 2.0% of Consolidated Tangible Assets at any time outstanding) and (z) by a Subsidiary that is not a Subsidiary Guarantor in any other Subsidiary that is not a Subsidiary Guarantor;
Permitted Investment. Refers to any of the following investments of the borrower:1. [/];2. [/]; and/or3. Any investment as agreed by the agent bank (according to the decision of the majority lender). Business day Refers to the day on which the syndicate member banks open for business and engage in general corporate business (except Saturdays and Sundays (excluding Saturdays and Sundays required to work due to compensatory time-off plan according to national regulations) and other statutory holidays). Syndicate member bank Refers to the lead bank, various lenders and/or the agent bank. Syndicate member bank account Refers to the account of various syndicate member banks as listed in Appendix IV to this Contract (Accounts of Various Parties).
