Advances, Investments and Loans. Borrower will not, and will not permit its Subsidiaries to, directly or indirectly, lend money or credit or make advances to any Person, or purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any other Person, or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or hold any cash or Cash Equivalents (each of the foregoing an “Investment” and, collectively, “Investments”), except that the following shall be permitted:
Advances, Investments and Loans. Borrower will not, and will not permit its Subsidiaries to, directly. Directly or indirectly, lend money or credit (by way of guarantee, assumption of debt or otherwise) or make advances to any Person,person, or purchase or acquire any stock, bonds, notes, debentures or other obligations or securities of, or any other interest in, or make any capital contribution to, any other Person,person, or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or hold any cash or Cash Equivalents (eachcontract (all of the foregoing an “Investment” and,foregoing, collectively, “Investments”), except that the following shall be permitted:permitted (collectively, “Permitted Investments”):
Advances, InvestmentsSection # Investments, Acquisitions, Loans and Loans.Advances. The Borrower willshall not, and will notnor shall it permit any of its Restricted Subsidiaries to, directly or indirectly, lend moneymake, retain or credithave outstanding any investments (whether through purchase of stock or makeobligations or otherwise) in, or loans or advances to any Person, or purchase or acquire any stock, obligations or securities of, or any(other than for travel advances and other interest in, or make any capital contribution to,similar cash advances made to employees in the ordinary course of business and other than accounts receivable arising in the ordinary course of business), any other Person, or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or holdmake any cash or Cash Equivalents (eachAcquisition, including any of the foregoing an “Investment” and, collectively, “Investments”), exceptby way of division; provided, however, that the followingforegoing shall be permitted:not apply to nor operate to prevent:
Advances, Investments. Borrower shall not make, and Loans. Borrower will not, and willshall not permit any of its Subsidiaries to, directly or indirectly, lend moneyconsummate any Acquisitions or creditmake, hold or make advancesmaintain, any advance, loan, extension of credit, or capital contribution to or investment in, or purchase any stock, bonds, notes, debentures, or other securities of, any Person, or purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any other Person, or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or hold any cash or Cash Equivalents (each of the foregoing an “Investment” and, collectively, “Investments”), except that the following shall be permitted:except:
Advances, Investments andSection # Investments, Loans. The Borrower will not, and will not permit any of its Subsidiaries to, directlypurchase, hold or indirectly, lend moneyacquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any Capital Stock, evidence of Indebtedness (except as permitted in [Section 7.1]) or creditother securities (including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make advancesor permit to exist any Person, or purchase or acquire any stock, obligations or securities of,investment or any other interest in, or make any capital contribution to, any other Person, or purchase or ownotherwise acquire (in one transaction or a futures contractseries of transactions) any assets of any other Person that constitute a business unit, or otherwise become liable for the purchasecreate or sale of currency or other commodities at a future date in the nature of a futures contract, or holdform any cash or Cash Equivalents (eachSubsidiary (all of the foregoing an “Investment” and, collectively, “Investments”being collectively called Investments), except that the following shall be permitted:except:
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