Document ID: 14333

Text:
Restricted Investment shall mean an Investment by the Borrower or a Restricted Subsidiary in any Unrestricted Subsidiary or joint venture, other than an Investment that (a) is owned directly by the Borrower or a Guarantor (or, in the case of an Investment in a Person other than a Leveraged Finance Subsidiary, a Restricted Subsidiary), (b) such Investment is not subject to a pledge by the Borrower or a Restricted Subsidiary in favor of any Person (other than pledges to secure the Obligations and Permitted Encumbrances described in clauses (a) and (e) and, except in the case of an Investment in a Leveraged Finance Subsidiary, Liens permitted under Section 6.2(a), (c), (e) or (i)), and (c) there exists no contract or other agreement restricting the pledge by the Borrower or such Restricted Subsidiary of such Investment to secure the Obligations (or requiring the Borrower or such Restricted Subsidiary to obtain consent prior to such pledge), except in the case of a Lien permitted pursuant to the preceding clause (b).

Named Entities:
124
127
Regulation

Tokenized Text:
Restricted
Investment
shall
mean
an
Investment
by
the
Borrower
or
a
Restricted
Subsidiary
in
any
Unrestricted
Subsidiary
or
joint
venture
,
other
than
an
Investment
that
(
a
)
is
owned
directly
by
the
Borrower
or
a
Guarantor
(
or
,
in
the
case
of
an
Investment
in
a
Person
other
than
a
Leveraged
Finance
Subsidiary
,
a
Restricted
Subsidiary
)
,
(
b
)
such
Investment
is
not
subject
to
a
pledge
by
the
Borrower
or
a
Restricted
Subsidiary
in
favor
of
any
Person
(
other
than
pledges
to
secure
the
Obligations
and
Permitted
Encumbrances
described
in
clauses
(
a
)
and
(
e
)
and
,
except
in
the
case
of
an
Investment
in
a
Leveraged
Finance
Subsidiary
,
Liens
permitted
under
Section
6
.
2
(
a
)
,
(
c
)
,
(
e
)
or
(
i
)
)
,
and
(
c
)
there
exists
no
contract
or
other
agreement
restricting
the
pledge
by
the
Borrower
or
such
Restricted
Subsidiary
of
such
Investment
to
secure
the
Obligations
(
or
requiring
the
Borrower
or
such
Restricted
Subsidiary
to
obtain
consent
prior
to
such
pledge
)
,
except
in
the
case
of
a
Lien
permitted
pursuant
to
the
preceding
clause
(
b
)
.