Common use of Temporary Investment Clause in Contracts

Temporary Investment. Pending the final application of any Net Proceeds pursuant to this Section 2.07, Holdings, the Borrower or the applicable Restricted Subsidiary may apply such Net Proceeds temporarily to reduce Indebtedness outstanding under a revolving credit facility or otherwise invest such Net Proceeds in Cash Equivalents.

Appears in 2 contracts

Samples: Loan Agreement (Celanese Ag), Loan Agreement (Celanese Ag)

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Temporary Investment. Pending the final application of any Net Proceeds pursuant to this Section 2.072.07 (other than proceeds of Permanent Securities), Holdings, the Borrower or the applicable Restricted Subsidiary may apply such Net Proceeds temporarily to reduce Indebtedness outstanding under a revolving credit facility or otherwise invest such Net Proceeds in Cash Equivalents.

Appears in 2 contracts

Samples: Bridge Loan Agreement (Lyondell Chemical Co), Bridge Loan Agreement (Lyondell Chemical Co)

Temporary Investment. Pending the final application of any Net Cash Proceeds pursuant to this Section 2.07, Holdings2.10, the Borrower or the applicable Restricted Subsidiary may apply such Net Cash Proceeds temporarily to reduce Indebtedness outstanding under a revolving credit facility or otherwise invest such Net Cash Proceeds in Cash EquivalentsPermitted Investments.

Appears in 1 contract

Samples: Bridge Loan Agreement (Alion Science & Technology Corp)

Temporary Investment. Pending the final application of any Net Proceeds pursuant to this Section 2.07, Holdings, the Borrower or the applicable Restricted Subsidiary may apply such Net Proceeds temporarily to reduce Indebtedness outstanding under a revolving credit facility or otherwise invest such Net Proceeds in Cash Equivalents.

Appears in 1 contract

Samples: Bridge Loan Agreement (Lyondell Chemical Co)

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Temporary Investment. Pending the final application of any Net Proceeds pursuant to this Section 2.07, Holdings5.2, the Borrower or the applicable Restricted Subsidiary may apply such Net Proceeds temporarily to reduce Indebtedness outstanding under a revolving credit facility or otherwise invest such Net Proceeds in Cash EquivalentsEquivalents or Investment Grade Securities.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Rockwood Specialties Group Inc)

Temporary Investment. Pending the final application of any Net Cash Proceeds pursuant to this Section 2.07, Holdings4.2, the Borrower or the applicable Restricted Subsidiary may apply such Net Cash Proceeds temporarily to reduce Indebtedness outstanding under a revolving credit facility or otherwise invest such Net Cash Proceeds in Cash Equivalents.

Appears in 1 contract

Samples: Senior Bridge Loan Agreement (Activant Solutions Inc /De/)

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