TERMS SATISFACTORY TO THE ADMINISTRATIVE AGENT) OR (C) BY ANY
NON-LOAN PARTY TO OR IN ANY OTHER NON-LOAN PARTY; (V) INVESTMENTS (A) RECEIVED
IN SATISFACTION OR PARTIAL SATISFACTION THEREOF FROM FINANCIALLY TROUBLED
ACCOUNT DEBTORS OR IN CONNECTION WITH THE SETTLEMENT OF DELINQUENT ACCOUNTS AND
DISPUTES WITH CUSTOMERS AND SUPPLIERS, OR (B) RECEIVED IN SETTLEMENT OF DEBTS
CREATED IN THE ORDINARY COURSE OF BUSINESS AND OWING TO THE BORROWER OR ANY
SUBSIDIARY OR IN SATISFACTION OF JUDGMENTS; (VI) INVESTMENTS (A) IN THE FORM OF
DEPOSITS, PREPAYMENTS AND OTHER CREDITS TO SUPPLIERS MADE IN THE ORDINARY COURSE
OF BUSINESS CONSISTENT WITH PAST PRACTICES, (B) IN THE FORM OF EXTENSIONS OF
TRADE CREDIT IN THE ORDINARY COURSE OF BUSINESS, OR (C) IN THE FORM OF PREPAID
EXPENSES AND DEPOSITS TO OTHER PERSONS IN THE ORDINARY COURSE OF BUSINESS;
(VII) INVESTMENTS MADE IN ANY PERSON TO THE EXTENT SUCH INVESTMENT REPRESENTS
THE NON-CASH PORTION OF CONSIDERATION RECEIVED FOR AN ASSET DISPOSITION
PERMITTED UNDER THE TERMS OF THE LOAN DOCUMENTS; (VIII) INVESTMENTS CONSTITUTING
GUARANTIES PERMITTED PURSUANT TO SECTION 5.02(C)(I), (II) OR (IV) ABOVE;
(IX) LOANS AND ADVANCES TO EMPLOYEES, DIRECTORS AND OFFICERS OF THE BORROWER AND
ITS SUBSIDIARIES (I) REQUIRED BY APPLICABLE EMPLOYMENT LAWS OR (II) OTHERWISE IN
THE ORDINARY COURSE OF BUSINESS FOR TRAVEL, BUSINESS, RELATED ENTERTAINMENT,
RELOCATION, AS PART OF A RECRUITMENT OR RETENTION PLAN AND RELATED EXPENSES IN
AN AGGREGATE PRINCIPAL AMOUNT OUTSTANDING NOT TO EXCEED $500,000; (X) HEDGE
AGREEMENTS AND CASH MANAGEMENT AGREEMENTS ENTERED INTO IN THE ORDINARY COURSE OF
BUSINESS AND OTHERWISE PERMITTED UNDER THIS AGREEMENT; (XI) INVESTMENTS BY ANY
FOREIGN SUBSIDIARY THROUGH THE LICENSING, CONTRIBUTION OR TRANSACTIONS THAT
ECONOMICALLY RESULT IN A CONTRIBUTION IN KIND OF INTELLECTUAL PROPERTY RIGHTS
PURSUANT TO JOINT VENTURE ARRANGEMENTS, IN EACH CASE IN THE ORDINARY COURSE OF
BUSINESS AND CONSISTENT WITH PAST PRACTICE; PROVIDED THAT, IN THE CASE
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OF THIS CLAUSE (XI), IN THE EVENT ANY NON-LOAN PARTY BECOMES A LOAN PARTY, ALL
SUCH INVESTMENTS MADE BY SUCH PERSON AND OUTSTANDING ON THE DATE SUCH PERSON
BECOMES A LOAN PARTY SHALL CONTINUE TO BE PERMITTED UNDER THIS
SECTION 5.02(G)(XI); (XII) INVESTMENTS IN THE FORM OF INTERCOMPANY LOANS BY ANY
LOAN PARTY TO ANY FOREIGN SUBSIDIARY NOT TO EXCEED $7,500,000 IN THE AGGREGATE
AT ANY TIME OUTSTANDING; (XIII) INVESTMENTS MADE BY THE BORROWER OR ANY OF ITS
SUBSIDIARIES IN JOINT VENTURES THAT ARE NOT SUBSIDIARIES TO THE EXTENT SUCH
INVESTMENTS ARE REQUIRED TO BE MADE BY THE BORROWER OR SUCH SUBSIDIARY, AS THE
CASE MAY BE, UNDER BINDING AGREEMENTS AS IN EFFECT ON THE DATE HEREOF, IN EACH
CASE DESCRIBED ON SCHEDULE 5.02(G); PROVIDED THAT THE AGGREGATE AMOUNT OF
INVESTMENTS UNDER THIS CLAUSE (XIII) SHALL NOT EXCEED $6,000,000; AND (XIV)
INVESTMENTS MADE IN CHEMTURA RECEIVABLES LLC ON THE EFFECTIVE DATE SOLELY TO
EXTENT NECESSARY FOR THE REPAYMENT ON THE EFFECTIVE DATE OF OBLIGATIONS UNDER
THE EXISTING RECEIVABLES FACILITY AND THE RECEIVABLES ASSETS REPURCHASED BY SUCH
REPAYMENT.
(H)
DISPOSITION OF ASSETS.
SELL OR OTHERWISE
DISPOSE OF, OR PERMIT ANY OF ITS SUBSIDIARIES TO SELL