Common use of Acquire Securities Clause in Contracts

Acquire Securities. Purchase (except as permitted by Section 7.2) or hold beneficially any stock or other securities of, or make any investment or acquire any interest whatsoever in, any other Person, except for the common stock of the Subsidiaries owned, directly or indirectly, by a Borrower on the date of this Agreement and except for certificates of deposit with maturities of one year or less of United States commercial banks with capital, surplus and undivided profits in excess of One Hundred Million Dollars ($100,000,000) and direct obligations of the United States Government maturing within one year from the date of acquisition thereof; provided that if a Borrower shall inadvertently purchase or otherwise become the beneficial holder of any stock or securities in violation of this covenant, that will not constitute an Event of Default unless such Borrower shall fail or refuse to divest itself thereof on or before thirty (30) days after first becoming aware of such violation.

Acquire Securities. Purchase (except as permitted by Section 7.2SECTION 12.2) or hold beneficially any stock or other securities of, or make any investment or acquire any interest whatsoever in, any other Person, except for the common stock of the Subsidiaries owned, directly or indirectly, by a Borrower Company on the date of this Agreement and except for certificates of deposit with maturities of one year or less of United States commercial banks with capital, surplus and undivided profits in excess of One Hundred Million Dollars ($100,000,000) and direct obligations of the United States Government maturing within one year from the date of acquisition thereof; provided that if a Borrower Company shall inadvertently purchase or otherwise become the beneficial holder of any stock or securities in violation of this covenant, that will not constitute an Event of Default unless such Borrower Company shall fail or refuse to divest itself thereof on or before thirty (30) days after first becoming aware of such violation.