Permitted Venture definition

Permitted Venture means any Person that owns, operates or develops a Hospitality-Related Business pursuant to Franchise Arrangements.
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Permitted Venture means any entity (i) in which the Company or any Restricted Subsidiary owns Capital Stock, (ii) which is not a Restricted Subsidiary and in which no other Affiliate of the Company (other than a Restricted Subsidiary) has an Investment and (iii) which operates in the business of the Company or its Restricted Subsidiaries existing on the date of this Indenture or in businesses reasonably related thereto.
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Permitted Venture means Investments, solely in the form of cash, cash equivalents or the issuance of common stock of Axogen, by a Credit Party in a joint venture, partnership, or other Person by so long as, in each case, (a) there exists no Event of Default both immediately before and immediately after giving effect to such transaction, (b) the total amount paid or payable, in either cash or equity or both, by Credit Parties for all such Permitted Ventures in any twelve (12) month period does not exceed $1,000,000, (c) the Borrower Representative shall have delivered to Agent at least ten (10) Business Days’ prior written notice of the closing such transaction,
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Examples of Permitted Venture in a sentence

  • Merge or consolidate, or permit any of its Subsidiaries to merge or consolidate, with or into any other business organization, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person if no Event of Default has occurred and is continuing or would exist after giving effect to such action, result in a change of more than 25% of Net Worth, other than in connection with Permitted Venture Transactions.

  • Neither the Borrower nor any of its ---------------------- Subsidiaries shall create, incur, assume, guarantee or be or remain liable with respect to any Guarantees other than (i) Guarantees existing on the date of this Agreement and disclosed on Exhibit C --------- hereto, and (ii) Guarantees resulting from the endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and (iii) Guarantees permitted under the definition of Permitted Venture Investments.

  • Neither the Borrower nor any of its ---------------------- Subsidiaries shall create, incur, assume, guarantee or be or remain liable with respect to any Guarantees other than (i) Guarantees existing on the date of this Agreement and disclosed on Exhibit C hereto, and (ii) Guarantees resulting from --------- the endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and (iii) Guarantees permitted under the definition of Permitted Venture Investments.

  • Except for (i) Seller and Holdings, (ii) Ellsworth's 50% ownership interest in the Permitted Venture and (iii) ▇▇ ▇▇▇▇▇▇▇▇d in Schedule 4.19, Ellsworth does not own, directly or indirectly, any interest in any Pe▇▇▇▇ ▇▇▇▇ conducts any business similar to the business conducted by Seller.

  • Seller shall be allowed to retain or transfer to the Permitted Venture any employees not identified on Schedule 6.12.


More Definitions of Permitted Venture

Permitted Venture means an Investment made in cash in any Person (other than a Permitted Acquisition); provided that (a) no Event of Default exists or would result from the making of such Investment and (b) after giving pro forma effect to such Investment on a consolidated basis, the Company would be in compliance with Section 6.8.”
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Permitted Venture means Telesales Consultants, Inc., a Florida corporation, with its principal offices currently located in Spring Hill, Florida.
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