Permitted Investment

Permitted Investment. Means: a. Investments existing on the date of closing disclosed in the Schedule; and b. Investments made in accordance with Borrower's Investment Policy Guidelines, attached hereto as Exhibit "D". Changes to the attached Investment Policy Guidelines are subject to the Bank's prior written consent, which consent shall not be unreasonably withheld.

Permitted Investment. Means: (a) (i) Marketable direct obligations issued or unconditionally guaranteed by the United States of America or any agency or any State thereof maturing within one year from the date of acquisition thereof, (ii) commercial paper maturing no more than one year from the date of creation thereof and currently having a rating of at least A-2 or P-2 from either Standard & Poor's Ratings Services or Moody's Investors Service, Inc. and (iii) Investments in regular deposit or... checking accounts; 11 (b) Investments by Borrower in Subsidiaries existing on the Closing Date; (c) Investments by Borrower in Subsidiaries created or acquired by Borrower after the Closing Date, provided that the aggregate fair market value of all capital contributions and other investments made by Borrower in such Subsidiaries (whether in cash or in non-cash assets) after the Closing Date shall not exceed $250,000.00; (d) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of Borrower's business; and (e) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not Affiliates, in the ordinary course of business, provided that this subparagraph (e) shall not apply to Investments of Borrower in any Subsidiary. View More

Permitted Investment. (i) Investments in Domestic Subsidiaries and (ii) Investments in Foreign Subsidiaries after the First Amendment Date for purposes of this clause (ii) in an amount not to exceed $50,000,000.00