Common use of Permitted Discretionary Activities Clause in Contracts

Permitted Discretionary Activities. The New Guarantor shall be permitted to make investments in the Logstar JV and the Jamaican JV out of the funds in the Special Account without the prior approval of the Lender provided that:

Appears in 2 contracts

Samples: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)

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Permitted Discretionary Activities. The New Corporate Guarantor shall be permitted to make investments in the Logstar JV and the Jamaican JV out of the funds in the Special Account without the prior approval of the Lender Lenders provided that:

Appears in 1 contract

Samples: Loan Agreement (TBS International PLC)

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Permitted Discretionary Activities. The New Guarantor 4 shall be permitted to make investments in the Logstar JV and the Jamaican JV out of the funds in the Special Account without the prior approval of the Lender provided that:

Appears in 1 contract

Samples: Supplemental Agreement (TBS International PLC)

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