Permitted Foreign Subsidiary Investments means Investments by a Credit Party to or in a Foreign Subsidiary made on or after the Closing Date in the ordinary course of business, so long as the aggregate amount of all such Investments by all Credit Parties does not, at any time, exceed $125,000,000, it being understood and agreed that such limitation shall not limit, and shall exclude, any Acquisition of a Foreign Subsidiary to the extent such Acquisition meets the criteria set forth in the definition of “Permitted Acquisition”.
Permitted Foreign Subsidiary Investments means Investments in any Foreign Subsidiary that is not a Loan Party, provided that (a) no Event of Default exists at the time of such Investment or would result therefrom, and (b) the aggregate amount of such Investments in Foreign Subsidiaries does not exceed $50,000,000 at any time outstanding.
Permitted Foreign Subsidiary Investments means Investments by a Credit Party to or in a Foreign Subsidiary made on or after the Closing Date in the ordinary course of business, so long as the aggregate amount of all such Investments by all Credit Parties does not, at any time, exceed $125,000,000.
Examples of Permitted Foreign Subsidiary Investments in a sentence
Make any loans or other advances of money to any Person other than (i) to an officer or employee of an Obligor or a Subsidiary for salary, travel advances, advances against commissions and other similar advances in the Ordinary Course of Business, (ii) loans and advances that constitute Permitted Foreign Subsidiary Investments, (iii) Permitted Excess Collateral Provider Loans; and (iv) loans and advances that are permitted under Section 10.2.3(ii), (iv), (vii) or (viii).
None of the Parent, any Borrower nor any of their respective Subsidiaries shall directly or indirectly declare or make, or incur any liability to make, any Restricted Investment other than (i) Permitted Restricted Investments, (ii) Permitted Foreign Subsidiary Investments, (iii) Permitted Excess Collateral Provider Loans, (iv) Debt among the Borrowers and their respective Subsidiaries to the extent expressly permitted by Section 7.13(b), (d), (e) and (f) and (v) Permitted Purchase Money Acquisitions.
More Definitions of Permitted Foreign Subsidiary Investments
Permitted Foreign Subsidiary Investments means Investments by a Credit Party to or in a Foreign Subsidiary made on or after the Closing Date, so long as the aggregate amount of all such Investments by all Credit
Permitted Foreign Subsidiary Investments means Investments by a Credit Party to or in a Foreign Subsidiary made on or after the Closing Date in the ordinary course of business, so long as the aggregate amount of all such Investments by all Credit Parties does not, at any time, exceed $125,000,000, it being understood and agreed that such limitation shall not limit any Acquisition of a Foreign Subsidiary to the extent such Acquisition meets the criteria set forth in the definition of “Permitted Acquisition”.
Permitted Foreign Subsidiary Investments means Investments by a Credit Party to or in a Foreign Subsidiary made on or after the Closing Date, so long as the aggregate amount of all such Investments by all Credit Parties does not, at any time, exceed (A) $100,000,000 plus (B) so long as immediately after giving effect to such Investment and the use of proceeds thereof the First Lien Net Leverage Ratio on a Pro Forma Basis does not exceed 3.50:1.00, $150,000,000 (less the aggregate amount of Consideration paid in respect of Permitted Acquisitions of Persons that do not become Credit Parties or any assets that do not become Collateral in reliance on clause (vi) of the definition of “Permitted Acquisition”).
Permitted Foreign Subsidiary Investments means Investments by any Credit Party in any Foreign Subsidiary to the extent not otherwise constituting a Permitted Investment (a) in an aggregate amount not to exceed $10,000,000 since the Restatement Date or (b) so long as, at the time of making such Investment and after giving pro forma effect to such Investment, (i) the Fixed Charge Coverage Ratio as of the last day of the most recently ended fiscal quarter is not less than 1.20 to 1.00, (ii) Undrawn Availability is greater than or equal to twenty percent (20%) of the lesser of the (x) Maximum Revolving Advance Amount and (y) Formula Amount, and (iii) no Event of Default has occurred and is continuing.
Permitted Foreign Subsidiary Investments means Investments by a Credit Party to or in a Foreign Subsidiary made on or after the Closing Date, so long as the aggregate amount of all such Investments by all Credit Parties does not, at any time, exceed (A) the greater of (x) $75,000,000 and (y) 60% of Consolidated EBITDA for the most recently ended Testing Period for which financial statements have been delivered plus (B) so long as, immediately after giving effect to such Acquisition and the use of proceeds thereof, the First Lien Net Leverage Ratio on a Pro Forma Basis does not exceed 3.50:1.00, the greater of (x) $112,500,000 and (y) 90% of Consolidated EBITDA for the most recently ended Testing Period for which financial statements have been delivered (less the aggregate amount of Consideration paid in respect of Permitted Acquisitions of Persons that do not become Credit Parties or any assets that do not become Collateral in reliance on clause (vi) of the definition of “Permitted Acquisition”).
Permitted Foreign Subsidiary Investments means (i) any Debt owing from any Foreign Subsidiary to any Borrower (or any Borrower’s Domestic Subsidiary) or any capital contribution made by any Borrower (or any Borrower’s Domestic Subsidiary) in any Foreign Subsidiary which is incurred or made after the Closing Date, so long as immediately prior to and immediately after the incurrence of such Debt or the making of such capital contribution, no Default or Event of Default shall exist and Aggregate Availability is in excess of $20,000,000, and (ii) Debt of any Foreign Subsidiary existing on the Closing Date, including any refinancing or refunding thereof that satisfies the Refinancing Conditions. Permitted Lien — a Lien of a kind specified in Section 10.2.5.
Permitted Foreign Subsidiary Investments means Investments by a Credit Party to or in a Foreign Subsidiary made on or after the Closing Date, so long as the aggregate amount of all such Investments by all Credit Parties does not, at any time, exceed (A) the greater of (x) $63,750,000 and (y) 60% of Consolidated EBITDA for the most recently ended Testing Period for which financial statements have been delivered plus (B) so long as, immediately after giving effect to such Acquisition and the use of proceeds thereof, the First Lien Net Leverage Ratio on a Pro Forma Basis does not exceed 3.50:1.00, the greater of (x) $95,625,000 and (y) 90% of Consolidated EBITDA for the most recently ended Testing Period for which financial statements have been delivered (less the aggregate amount of Consideration paid in respect of Permitted Acquisitions of Persons that do not become Credit Parties or any assets that do not become Collateral in reliance on clause (vi) of the definition of “Permitted Acquisition”).