MoneyGram 2009 Annual Report Download - page 440

(B) the maximum assumable liability in respect of all such Indebtedness shall at no time exceed the gross proceeds including non-cash proceeds (the
fair market value of such non-cash proceeds being measured at the time received and without giving effect to any subsequent changes in value) actually
received by Holdco in connection with such disposition;
(2) Obligations incurred under this Indenture;
(3) Indebtedness incurred by Holdco in respect of interest rate Hedging Obligations of Holdco in existence on the Closing Date; and
(4) Guarantees of other Indebtedness of the Company and the Subsidiary Guarantors permitted under Section 4.09(a) and Sections 4,09(b)(l), (2) (to the
extent existing at the Closing Date), (4), (5), (11), (13) (to the extent the debt so extended, refunded, refinanced, renewed, replaced or defeased was
guaranteed by Holdco in accordance with this Indenture) and (21) of this Indenture.
"Permitted Holdco Liens" means, any Permitted Liens other than clauses (h), (i), (k), (p) and (bb) of the definition of Permitted Liens.
"Permitted Investment" means:
(1) any Investment in the Company or any Guarantor;
(2) any Investments in any foreign Non-Guarantor (other than SPEs) that together with all Investments made pursuant to this clause (2) shall not exceed
$75.0 million or, on and after the Sell Down Date, $150.0 million;
(3) any Investments (including Investments outstanding as of the date hereof) in SPEs provided that the total assets of all SPEs shall not exceed
$2.0 billion at any one time outstanding;
(4) any Investment in Cash or Cash Equivalents;
(5) any Investment in the Restricted Investment Portfolio made in compliance with Section 4.18;
(6) any Investment by the Company or any Guarantor in a Person, if as a result of such Investment:
(a) such Person becomes a Guarantor; or
(b) such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all its assets to, or is liquidated into, the
Company or a Guarantor;
(7) any Investment in securities or other assets not constituting Cash or Cash Equivalents and received in connection with an Asset Sale made pursuant
to the provisions described under Section 4.10 hereof or any other disposition of assets not constituting an Asset Sale;
(8) any Investment existing on the date hereof (excluding assets held by any SPE) or made pursuant to legally binding written commitments in
existence on the date hereof and any 20