Investment Cap definition
Examples of Investment Cap in a sentence
Notwithstanding anything to the contrary herein, the aggregate amount of Dispositions from Loan Parties to Non-Loan Party Subsidiaries permitted pursuant to Sections 7.5(d) and (i) in any Fiscal Year, together with the aggregate amount of outstanding Investments permitted pursuant to Sections 7.4(d), (e), (k), (l), (m) and (cc) in Non-Loan Party Subsidiaries, shall not exceed the Non-Guarantor Investment Cap.
Pursuant to the procedure set forth in this Section 2.22 and so long as no Default Period then exists, the Borrowers from time to time may increase one or more of the Investment Cap, the Rental Inventory Cap and the Capital Expenditures amounts set forth in Section 7.10 in an aggregate amount equal to Available Additional Capital (the “Additional Capital Increase”).
The Investment Portfolio of each Partner will not exceed the product of (a) such Partner’s surplus (Greenlight Re Surplus or GRIL Surplus, as the case may be) multiplied by (b) the Investment Cap, and the General Partner will designate any portion of a Partner’s Investment Portfolio as Designated Securities to effectuate such limit.
Notwithstanding anything to the contrary herein, the aggregate amount of outstanding Investments permitted pursuant to Sections 7.4(d), (e), (k), (l), (m) and (cc) in Non-Loan Party Subsidiaries, together with the aggregate amount of Dispositions from Loan Parties to Non-Loan Party Subsidiaries permitted pursuant to Sections 7.5(d) and (i) in any Fiscal Year, shall not exceed the Non-Guarantor Investment Cap.
Subject to the application of the Investment Cap in Section 4(b) above, the calculation of the Investment Costs for the P&G Promotion Territory shall be made as part of the calculation for the global reimbursement consistent with Schedule II (B) of the Collaboration Agreement, and shall be included in such calculation under Schedule II (B) as if such Investment Costs were incurred in the Co-Promotion Territory.
Consistent with the terms of the Collaboration Agreement, the Parties shall share ***** the actual Investment Costs incurred by P&G in the P&G Promotion Territory as part of the global reimbursement calculated pursuant to Schedule II (B) of the Collaboration Agreement, subject to the Investment Cap as further described in Subsection (b) immediately below.
Without the prior written consent of the Company, Buyer shall not enter into any additional subscription agreements for the sale of Buyer Class A Common Stock if the amount of Buyer Common Stock sold in private placements would exceed the Additional PIPE Investment Cap.
For clarification, to the extent a Party incurs any costs related to the transition services in addition to the costs subject to the Investment Cap, such additional costs will not be shared and will be borne solely by the respective Party incurring such costs.
Buyer may, prior to the Closing, enter into additional subscription agreements for the sale of Buyer Class A Common Stock, on terms substantially identical to those in the Subscription Agreement (the “Additional PIPE Investment”) up to an additional aggregate amount not to exceed the Additional PIPE Investment Cap.
The Company and Investor acknowledge and agree that, as to the January 2015 Investors as a group, the Initial Investment Cap shall be a total of $1,000,000.