Common use of Permitted Loans Clause in Contracts

Permitted Loans. amend Clause 19.15 (Loans and Guarantees): (a) to include a limb for counter guarantees in relation to any rental guarantees; (b) to include a limb for loans or guarantees in respect of any Permitted Transaction and to any Permitted Joint Venture; (c) to include a limb for loans to employees in the ordinary course of employment or to fund exercise of share options or purchase of capital stock of up to €10,000,000 in aggregate; (d) to permit customary liquidity loans in connection with a permitted asset securitisation program or receivables factoring transaction; and (e) to provide for the Company to be able to make loans and guarantees under a general basket of up to an aggregate of the greater of €100,000,000 and 2% of total assets.