Permitted Joint Venture. TWFG Insurance Services shall not amend or modify any provision of the limited liability company agreement or certificate or formation of any Permitted Joint Venture, without obtaining the prior written consent of the Administrative Agent.
Permitted Joint Venture. No Loan Party or any Subsidiary of any Loan Party owns, directly or indirectly, any Equity Interests in any Joint Venture other than Permitted Joint Ventures.
Permitted Joint Venture. Investment by the Borrower or any Guarantor in any ----------------------- Person, provided that, with respect to any such Investment, (1) the Agent and -------- the Majority Banks approve, in their sole discretion, such Investment in writing in advance or (2) each of the following conditions is met:
Permitted Joint Venture. (7) China Project Newco and the China Project (provided the acquisition of any interest in China Project Newco and the China Project is made in accordance with Clause 16.3(k)(iii)); or
Permitted Joint Venture. Investment................................. 14
Permitted Joint Venture. The UK Group may enter into a joint venture or partnership in relation to the “NTL – Business Segment” subject to the consent of the Majority Lenders having been obtained. The cash proceeds of any disposal of the “NTL – Business Segment” shall be applied as follows: (a) subject to the Leverage Ratio at the time of disposal being less than 4.0:1, the first £200 million may be retained by the UK Group and, provided that no Event of Default has occurred or would arise as a result of such payment, may be applied towards the making of dividends or distributions outside of the UK Group; and (b) the remainder shall be retained within the UK Group and applied towards the Group business.
