Reinvestment of insurance proceeds. So long as no Event of Default or Potential Event of Default shall have occurred and be continuing Company and its Subsidiaries may reinvest in the business of Company and its Subsidiaries up to $1,000,000 per year of Net Insurance/Condemnation Proceeds recovered by the Company or any of its Subsidiaries provided that such funds are reinvested within six months of receipt by Company or any of its Subsidiaries.
Appears in 2 contracts
Samples: Axel Credit Agreement (Amscan Holdings Inc), Axel Credit Agreement (JCS Realty Corp)
Reinvestment of insurance proceeds. So long as no Event of Default or Potential Event of Default shall have occurred and be continuing continuing, Company and its Subsidiaries may reinvest in the business of Company and its Subsidiaries up to $1,000,000 per year of Net Insurance/Condemnation Proceeds recovered by the Company or any of its Subsidiaries provided that such funds are reinvested within six months of receipt by Company or any of its Subsidiaries.. 110
Appears in 1 contract
Samples: Revolving Loan Credit Agreement (Amscan Holdings Inc)
Reinvestment of insurance proceeds. So long as no Event of Default or Potential Event of Default shall have occurred and be continuing continuing, Company and its Subsidiaries may reinvest in the business of Company and its Subsidiaries up to $1,000,000 per year of Net Insurance/Condemnation Proceeds recovered by the Company or any of its Subsidiaries provided that such funds are reinvested within six months of receipt by Company or any of its Subsidiaries.
Appears in 1 contract
Samples: Credit Agreement (JCS Realty Corp)
