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:
(i) (x) investments by the Company existing on the Closing Date in the Equity Interests of the Subsidiaries and (y) additional and/or new investments by the Company and the Subsidiaries in the Equity Interests of any Persons; provided, that, (A) the aggregate amount of investments by the Company and the Subsidiary Guarantors in, and loans and advances (determined without regard to any write-downs or write-offs of such investments, loans and advances) by the Company and the Subsidiary Guarantors to, Persons or Subsidiaries that are not Subsidiary Guarantors, made on or after the Closing Date, shall not exceed $2,000,000, (B) in addition to any investments permitted pursuant to clause (A) above, the Company may make additional and/or new investments in any Person or Subsidiaries to the extent such investments consist of non-cash intellectual property rights (such as licenses to intellectual property assets), (C) in addition to any investments permitted pursuant to clauses (A) and (B) above, the Company may make additional investments in MMM for working capital purposes, and (D) in addition to any investments permitted pursuant to clauses (A), (B) and (C) above, the Company may make additional investments in MMM to finance the equity portion of assets financed by Indebtedness permitted pursuant to Section 6.1(b)(iv) so long as any such investment under this clause (D), in respect of any such financed asset, shall not exceed 35% of the cost of such financed asset at the time of the acquisition (or construction) thereof;
(ii) investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of business;
(iii) the Company and the Subsidiaries may make loans and advances for corporate purposes to employees of the Company or any of its Subsidiaries so long as the aggregate principal amount thereof at any time outstanding (determined without regard to any write-downs or write-offs of such loans and advances) shall ...
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. (Section 6.09): Describe any Investments made which are not permitted under Section 6.09 ______________
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: 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 Borrower will not make any Investment other than Permitted Investments.
Restriction on Investments. Neither Borrower nor any Subsidiary shall (a) make Investments in any one or more Foreign Subsidiaries in an aggregate amount exceeding $3,000,000 from and after the Closing Date (exclusive of the Holdings GmbH Option Payment and Investments in Foreign Subsidiaries for which a Guaranty Agreement or a Pledge Agreement has been executed and delivered to Lender), or (b) make or have any other Investments, except for Permitted Investments.
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..
