Restriction on Investments. The Executive may make passive investments in companies involved in industries in which the Company operates, provided any such investment does not exceed a 5% equity interest, unless Executive obtains consent to acquire an equity interest exceeding 5% by consent of the Chief Executive Officer and the Chairman of the Company.
Restriction on Investments. Unless otherwise consented to in writing by the Purchaser (which consent shall not be unreasonably withheld or delayed), the Company will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire any Equity Interests, evidences of indebtedness or other securities of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other Person, except:
Restriction on Investments. The Consultant or the Consultant’s Representative may make passive investments in public companies involved in industries in which the Corporation operates, provided any such investment does not exceed a 10% equity interest, unless the Consultant obtains consent to acquire an equity interest exceeding 10% by consent of the Chief Executive Officer of the Corporation.
Restriction on Investments. WFT will not, and will not permit any Restricted Subsidiary to, make any Investment (other than a Permitted Investment) unless at the time such Investment is made the aggregate amount of all such Investments (excluding Permitted Investments) made by WFT and its Restricted Subsidiaries on or after the date of this Agreement is not more than the lesser of (i) US$800,000,000, and (ii) 15% of the Consolidated Net Tangible Assets as at the end of the most recent fiscal quarter prior to such Investment.
Restriction on Investments. (a) The sum of (i) the aggregate book value of all Investments in Equity Affiliates held by the Borrower and its Subsidiaries, as determined from time to time in accordance with GAAP, and (ii) the Loss Adjustment Amount for each Equity Affiliate in which the Combined Companies make an Investment after November 30,1996 (such sum being called the "Aggregate Investment in Equity Affiliates") will not at any time exceed 17.5% of the consolidated total assets of the Borrower and its Subsidiaries at such time. The term "Loss Adjustment Amount" means, for any Equity Affiliate at any time, the cumulative amount by which the book value of Investments by the Combined Companies in such Equity Affiliate has theretofore been reduced by operating losses, write downs or writeoffs of assets or other special charges.
Restriction on Investments. No Loan Party will directly or indirectly acquire or own, or make any Investments in or to any Person.
Restriction on Investments. None of the Borrower and its Subsidiaries will make any Investment without prior approval of CIBC. Hostile Take-Overs: None of the Borrower and its Subsidiaries will use any amount obtained by the Borrower under any of the Credits to finance a bid for any securities of any corporation in circumstances where the board of directors of such corporation has recommended (or is reasonably expected to recommend) rejection of such bid. Transactions with Affiliates: Except as specifically permitted hereunder, none of the Borrower and its Subsidiaries will enter into any transaction, including the purchase, sale or exchange of any property or the rendering of any services, with any of its shareholders or with any of its Affiliates, or with any of its or their directors or officers, or enter into, assume or permit to exist any employment, consulting or analogous agreement or arrangement with any such shareholder or Affiliate or with any of its directors or officers, except a transaction or agreement or arrangement which is in the ordinary course of business of the Borrower or such Subsidiary and which is upon fair and reasonable terms not less favourable to the Borrower or its applicable Subsidiary than it would obtain in a comparable arms-length transaction. Conditions Precedent Conditions Precedent: In addition to the documentation specified in section 5.1 of Schedule A and in Schedule B hereto, the obligation of CIBC to make available any Credit is subject to CIBC’s receipt of the following, in form and substance satisfactory to CIBC: ► Most recent Interim Financial statements confirming compliance with all covenants ► Reliance letter addressed to CIBC for the appraisal report with respect to the Property. ► Satisfactory environmental reports (with reliance letter addressed to CIBC) with respect to the Property.
Restriction on Investments. The Company and ICON will not and will not permit their Subsidiaries to make any new or additional investments except those investments listed in Schedule 13.6..
Restriction on Investments. The Borrower will not make any Investment other than Permitted Investments.
Restriction on Investments. None of the FE Parties shall (or shall permit any of the other FE Entities to) directly or indirectly acquire or invest in, or otherwise directly or indirectly beneficially own any Equity Interest in any Competitive Market Gaming and Hotel Business unless (a) the percentage of total Equity Interests (measured by economic interest rather than voting rights) directly or indirectly beneficially owned in such Competitive Market Gaming and Hotel Business by the FE Entities in the aggregate is not greater than the percentage of Equity Interests (measured by economic interest rather than voting rights) directly or indirectly beneficially owned by the FE Entities in Station Holdco at such time, (b) the total direct and indirect cash investment in Equity Interests by the FE Entities in the aggregate in all Competitive Market Gaming and Hotel Businesses (after giving effect to the contemplated acquisition or investment) does not exceed the aggregate amount of direct and indirect cash invested by the FE Entities in the Equity Interests of Station Holdco (without giving effect to direct or indirect sales of Station Holdco Equity Interests by the FE Entities or sales or other issuances of Equity Interests in the FE Entities) and (c) the FE Entities have complied with Article III; provided, that nothing contained herein shall restrict the ability of one or more of the FE Entities to acquire, invest in or otherwise beneficially own up to 10% collectively of the outstanding publicly-traded equity securities of any Competitive Market Gaming and Hotel Business with respect to which the FE Invested Entities do not have any managerial, supervisory or developmental relationship or any Competitive Market Management Agreement or Related Contract. For purposes of measuring an FE Entity’s ownership percentage of the Equity Interest of any Person for Section 3.1(a) (and only Section 3.1(a)), the ownership percentage of such FE Entity shall be the percentage of the Equity Interest of such Person (measured by economic interest rather than voting rights) owned directly or indirectly by the FE Entity multiplied by the percentage of the Equity Interest of the FE Entity (measured by economic interest rather than voting rights) owned directly or indirectly by the Xxxxxxxx Family Members. For purposes of measuring the amount of cash invested in Equity Interests by the FE Entities in Competitive Market Gaming and Hotel Businesses for Section 3.1(b) (and only Section 3.1(b)), the amount of c...
