Pass-Through Investment definition
Pass-Through Investment means an Investment (a) which Investment is made by the Borrower contemporaneously with the making of a capital contribution in the Borrower by PDVSA or one of its Subsidiaries, which capital contribution is in cash and is specified for the purpose of the making of such Investment, and (b) which Investment shall be no greater than the amount of such capital contribution.
Pass-Through Investment mean any Investment made by a Loan Party in a non-Loan Party pursuant to Section 7.03(c)(iv) for the purpose of enabling a non-Loan Party to make an Investment pursuant to Section 7.03(m); provided that the proposed Investment pursuant to Section 7.03(m): (a) has been identified prior to the date of the initial Investment pursuant to Section 7.03(c)(iv) and (b) is consummated within ninety (90) days of the initial Investment pursuant to Section 7.03(c)(iv).