Permitted JV Investments definition

Permitted JV Investments means investments in Joint Ventures not to exceed the sum of (a) the greater of (i) 35% of EBITDA as of the most recently ended Measurement Period for which financial statements of Parent are internally available (calculated on a pro forma basis) at the time of such investment and (ii) $80,000,000 in the aggregate plus (b) any amounts that the Borrower or any Restricted Subsidiary is contractually obligated to contribute under the applicable Organizational Documents of such Joint Venture as of the Closing Date plus (c) Capital Expenditures made by the Borrower and its Restricted Subsidiaries in cash in an amount not to exceed the Borrower’s proportional direct or indirect interests in such Joint Venture unless otherwise permitted or required under the Organizational Documents of such Joint Venture, whether paid directly or through a capital call (or otherwise)).
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Permitted JV Investments has the meaning given to such term in the OpCo Credit Agreement.
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Permitted JV Investments means Investments in Joint Ventures by the Borrower or any of its Restricted Subsidiaries where:
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Examples of Permitted JV Investments in a sentence

  • If all of us in the health care arena don’t take the opportunity to innovate, and accept the associated risk, we won’t be delivering the best care we can.Lincoln’s words inspire us: “The best way to predict the future is to create it.” Let’s do that.


More Definitions of Permitted JV Investments

Permitted JV Investments shall have the respective meanings specified in SUBSECTION 13(F) hereof.
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Permitted JV Investments means Investments in any Joint Ventures (but not in any Unrestricted Subsidiary) of cash and Cash Equivalents, in an amount not to exceed $50 million at any time outstanding (at any such time, calculated on a net basis taking into account prepayments or repayments of loans or advances, but not payments of interest, fees, costs, expenses or premium, in each case with respect to any intercompany Indebtedness, and dividends and distributions in the form of cash or Cash Equivalents).
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Related to Permitted JV Investments

  • Investments as defined in Section 7.8.

  • Permitted Investments means:

  • Permitted Receivables Financing means any transaction or series of transactions that may be entered into by the Borrower or any Restricted Subsidiary pursuant to which it sells, conveys or contributes to capital or otherwise transfers (which sale, conveyance, contribution to capital or transfer may include or be supported by the grant of a security interest in) Receivables or interests therein and all collateral securing such Receivables, all contracts and contract rights, purchase orders, security interests, financing statements or other documentation in respect of such Receivables, any guarantees, indemnities, warranties or other obligations in respect of such Receivables, any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to such Receivables and any collections or proceeds of any of the foregoing (collectively, the “Related Assets”), all of which such sales, conveyances, contributions to capital or transfers shall be made by the transferor for fair value as reasonably determined by the Borrower (calculated in a manner typical for such transactions including a fair market discount from the face value of such Receivables) (a) to a trust, partnership, corporation or other Person (other than the Borrower or any Subsidiary other than any Receivables Financing Subsidiary), which transfer is funded in whole or in part, directly or indirectly, by the incurrence or issuance by the transferee or any successor transferee of Indebtedness, fractional undivided interests or other securities that are to receive payments from, or that represent interests in, the cash flow derived from such Receivables and Related Assets or interests in such Receivables and Related Assets, or (b) directly to one or more investors or other purchasers (other than the Borrower or any Subsidiary), it being understood that a Permitted Receivables Financing may involve (i) one or more sequential transfers or pledges of the same Receivables and Related Assets, or interests therein (such as a sale, conveyance or other transfer to any Receivables Financing Subsidiary followed by a pledge of the transferred Receivables and Related Assets to secure Indebtedness incurred by the Receivables Financing Subsidiary), and all such transfers, pledges and Indebtedness incurrences shall be part of and constitute a single Permitted Receivables Financing, and (ii) periodic transfers or pledges of Receivables and/or revolving transactions in which new Receivables and Related Assets, or interests therein, are transferred or pledged upon collection of previously transferred or pledged Receivables and Related Assets, or interests therein, provided that any such transactions shall provide for recourse to such Subsidiary (other than any Receivables Financing Subsidiary) or the Borrower (as applicable) only in respect of the cash flows in respect of such Receivables and Related Assets and to the extent of breaches of representations and warranties relating to the Receivables, dilution of the Receivables, customary indemnities and other customary securitization undertakings in the jurisdiction relevant to such transactions.

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Restricted Investment means an Investment other than a Permitted Investment.