STOCK.
8.7
PAYMENT BLOCKAGE NOTICE.
GIVE ANY NOTICE TO BLOCK OR PROHIBIT PAYMENTS IN
RESPECT OF ANY SENIOR SUBORDINATED SECURITIES PURSUANT TO THE SUBORDINATION
PROVISIONS THEREOF, EXCEPT WITH THE PRIOR WRITTEN CONSENT OF THE REQUIRED
LENDERS.
8.8
INVESTMENTS.
MAKE ANY ADVANCE, LOAN, EXTENSION OF CREDIT (BY WAY OF
GUARANTY OR OTHERWISE) OR CAPITAL CONTRIBUTION TO, OR PURCHASE ANY CAPITAL
STOCK, BONDS, NOTES, DEBENTURES OR OTHER DEBT SECURITIES OF, OR ANY ASSETS
CONSTITUTING A BUSINESS UNIT OF, OR MAKE ANY OTHER INVESTMENT IN, ANY PERSON
(ALL OF THE FOREGOING, "INVESTMENTS"), EXCEPT:
(A) EXTENSIONS OF TRADE CREDIT IN THE ORDINARY COURSE OF BUSINESS;
(B) (I) INVESTMENTS IN CASH EQUIVALENTS AND (II) OTHER INVESTMENTS IN FOREIGN
CURRENCIES HELD IN THE ORDINARY COURSE OF BUSINESS IN THE AGGREGATE AMOUNT NOT
TO EXCEED THE DOLLAR EQUIVALENT OF $5,000,000 AT ANY TIME, WHICH INVESTMENTS
WOULD OTHERWISE CONSTITUTE CASH EQUIVALENTS BUT FOR THE SOVEREIGN DEBT RATING OF
THE COUNTRY ISSUING SUCH FOREIGN CURRENCY;
(C) GUARANTEE OBLIGATIONS PERMITTED BY SECTION 8.2;
(D) LOANS AND ADVANCES TO EMPLOYEES OF ANY GROUP MEMBER OF THE BORROWER IN THE
ORDINARY COURSE OF BUSINESS (INCLUDING FOR TRAVEL, ENTERTAINMENT AND RELOCATION
EXPENSES) IN AN AGGREGATE AMOUNT FOR ALL GROUP MEMBERS NOT TO EXCEED $2,000,000
AT ANY ONE TIME OUTSTANDING;
(E) INVESTMENTS CONSISTING OF CAPITAL EXPENDITURES OTHERWISE PERMITTED BY THIS
AGREEMENT;
(F) INVESTMENTS OUTSTANDING ON THE SECOND RESTATEMENT EFFECTIVE DATE AND LISTED
ON SCHEDULE 8.8(F);
(G) INVESTMENTS CONSISTING OF NON-CASH CONSIDERATION RECEIVED BY THE BORROWER
AND ITS SUBSIDIARIES IN CONNECTION WITH ANY DISPOSITION OF ASSETS PERMITTED
UNDER SECTION 8.5(E) IN AN AGGREGATE AMOUNT NOT TO EXCEED $25,000,000 AT ANY ONE
TIME OUTSTANDING (DETERMINED WITHOUT REGARD TO ANY WRITE-DOWNS OR WRITE-OFFS
THEREOF);
(H) INVESTMENTS IN ASSETS USEFUL IN THE BUSINESS OF THE BORROWER AND ITS
SUBSIDIARIES (OF THE TYPE DESCRIBED IN THE DEFINITION OF THE TERM REINVESTMENT
NOTICE) MADE BY THE BORROWER OR ANY OF ITS SUBSIDIARIES WITH THE PROCEEDS OF ANY
REINVESTMENT DEFERRED AMOUNT, SUBJECT TO THE LIMITATIONS IN CLAUSES (J) AND (K)
IN THE CASE OF ANY SUCH INVESTMENT IN OR BY A NON-GUARANTOR SUBSIDIARY WITH ANY
SUCH PROCEEDS RECEIVED BY THE BORROWER OR A SUBSIDIARY GUARANTOR;
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(I) INTERCOMPANY INVESTMENTS BY ANY GROUP MEMBER IN THE BORROWER OR ANY PERSON
THAT, PRIOR TO SUCH INVESTMENT, IS A SUBSIDIARY GUARANTOR; PROVIDED THAT SUCH
INVESTMENTS SHALL BE SUBORDINATED TO THE OBLIGATIONS IN A MANNER REASONABLY
SATISFACTORY TO THE ADMINISTRATIVE AGENT;
(J) INTERCOMPANY INVESTMENTS BY THE BORROWER OR ANY OF ITS SUBSIDIARIES IN ANY
PERSON, THAT, PRIOR TO SUCH INVESTMENT, IS A NON-GUARANTOR SUBSIDIARY
(INCLUDING, WITHOUT LIMITATION, GUARANTEE OBLIGATIONS WITH RESPECT TO
OBLIGATIONS OF ANY SUCH NON-GUARANTOR SUBSIDIARY, LOANS MADE TO ANY SUCH
NON-GUARANTOR SUBSIDIARY AND INVESTMENTS RESULTING FROM MERGERS WITH OR SALES OF
ASSETS TO ANY SUCH NON-GUARANTOR SUBSIDIARY); PROVIDED THAT THE AGGREGATE AMOUNT
OF ALL SUCH INVESTMENTS (INCLUDING, WITHOUT LIMITATION, ALL SUCH GUARANTEE
OBLIGATIONS) MADE BY THE BORROWER AND THE SUBSIDIARY GUARANTORS (EXCLUDING THOSE
PERMITTED BY CLAUSE (K) BELOW) VALUED AT COST WITHOUT GIVING EFFECT TO ANY
WRITE-DOWN OR WRITE-OFF OF ANY