Restricted Investment definition

Restricted Investment means an Investment other than a Permitted Investment.
Restricted Investment means any Investment other than a Permitted Investment.
Restricted Investment means any Investment that is not a Permitted Investment.

Examples of Restricted Investment in a sentence

  • Each Loan Party will not, and will not permit any of its Subsidiaries to, directly or indirectly, make any Restricted Investment.


More Definitions of Restricted Investment

Restricted Investment an Investment other than a Permitted Investment.
Restricted Investment means, in one or a series of related transactions, any Investment, other than other Permitted Investments.
Restricted Investment means (without duplication) (1) the designation of a Subsidiary as an Unrestricted Subsidiary in the manner described in the definition of “Unrestricted Subsidiary” and (2) any Investment other than a Permitted Investment.
Restricted Investment means an Investment other than Permitted Investments.
Restricted Investment any Investment by any Obligor or its Subsidiaries, other than (a) Investments in Subsidiaries to the extent existing on the Closing Date; (b) Cash Equivalents that are subject to Agent's Lien and control, pursuant to documentation in form and substance reasonably satisfactory to Agent; (c) loans and advances permitted under Section 9.2.7, and (d) Permitted Investments.
Restricted Investment any Investment by a Borrower or Subsidiary, other than (a) (i) Investments in Subsidiaries (other than a Borrower or Guarantor) to the extent existing on the Fourth Amendment Effective Date, (ii) Investments consisting of intercompany loans permitted under Section 10.2.7(e) and Investments other than loans by a Borrower in another Borrower and (iii) other Investments existing on the Fourth Amendment Effective Date and set forth on Schedule 10.2.5; (b) Cash Equivalents that are subject to Agent’s Lien and control, pursuant to documentation in form and substance satisfactory to Agent; (c) loans and advances permitted under Section 10.2.7; (d) Investments pursuant to Hedging Agreements permitted hereunder; (e) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent Accounts and disputes with, customers and suppliers, in each case in the Ordinary Course of Business and Investments received in connection with a Permitted Asset Disposition described in clause (e) of the definition of the term “Permitted Asset Disposition”; (f) Investments constituting deposits made in connection with the purchase of goods or services in the Ordinary Course of Business in an aggregate amount for such deposits not to exceed $625,000 at any one time; (g) so long as no Default or Event of Default exists, Investments in Joint Ventures and Foreign Subsidiaries not to exceed $6,250,000 in the aggregate in any Fiscal Year; (h) so long as no Event of Default exists, other Investments not to exceed $625,000 in the aggregate; (i) the investment of funds under the terms of the Olympic Steel, Inc. Executive Deferred Compensation Plan dated effective December 1, 2004 and any other compensation plan established after the Fourth Amendment Effective Date in the Ordinary Course of Business; (j) Permitted Acquisitions; (k) formation, creation or acquisition of one or more Subsidiaries after the Fourth Amendment Effective Date in accordance with Section 10.1.9 that become Borrowers hereunder and (l) any other Investment (other than an Acquisition) as long as immediately before and after giving effect to such Investment, either (A) both actual and pro forma, respectively, Availability is equal to or exceeds 17.5% of the Line Cap or (B)(i) both actual and pro forma, respectively, Availability is equal to or exceeds 12.5% of the Line Cap and (ii) immediately after giving effect to such Investment, the Fixed Charge Coverage Ratio (recomputed for the most...
Restricted Investment means an Investment other than a Permitted Investment. “Restricted Payments” has the meaning given to that term in Section 6.9.