Examples of Permitted Investments in a sentence
In addition, in the event that an Event of Default has occurred and is continuing, the Collateral Agent shall have the right at any time to exchange, or direct the applicable Pledged Account Bank to exchange, such Permitted Investments for similar Permitted Investments of smaller or larger determinations, or for Permitted Investments, credited to the Collateral Account.
Make or suffer to exist any loans, guaranties, advances, or investments (“Investments”), except for Permitted Investments.
Interest and proceeds that are not invested or reinvested in Permitted Investments as provided above shall be deposited and held in the Collateral Account.
The City further covenants that it will invest moneys in the Project Fund only in Permitted Investments (as defined in the Resolution) and that it will invest moneys in the Sinking Fund only in Sinking Fund Investments (as defined in the Resolution).
This document has esignatur Agreement-ID: 8e568chNKpH251445225 The Issuer shall procure that all new development projects including Permitted Investments within the Group for which the Guarantor is the ultimate parent are carried out within the direct or indirect Subsidiaries of the Issuer.