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