The Guaranties. In determining the amount of investments, loans, advances and guarantees permitted under this Section, investments shall always be taken at the original cost thereof (regardless of any subsequent appreciation or depreciation therein); loans and advances shall be taken at the principal amount thereof then remaining unpaid; and guarantees shall be taken at the amount of obligations guaranteed thereby.
Appears in 2 contracts
Sources: Credit Agreement (Morton Industrial Group Inc), Credit Agreement (Morton Industrial Group Inc)