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Glossary

Limitation on Investments

Limitation on Investments - covenant that restricts issuer to make investments other than "Permitted investments". Investments are generally treated as Restricted Payments because they typically involve assets of the Issuer or its Restricted Subsidiaries being transferred to a third party outside the Credit Group. Because Investments may be both Permitted Investments and Restricted Payments, it is important to remember the Issuer is permitted to aggregate multiple baskets to make an Investment.

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countries
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