Audiovox 2012 Annual Report Download - page 274

 .
The Credit Parties will not, nor will they permit any Subsidiary to, make any Investment or contract to make any Investment
except for the following (the “Permitted Investments”):
(a) cash and Cash Equivalents;
(b) Investments existing as of the Closing Date as set forth on Schedule 1.1(a) and any renewals, refinancings or
extensions thereof in a principal amount not in excess of that outstanding as of the date of such renewal, refinancing or
extension and the terms of any such renewal, refinancing or extension are not materially less favorable to the obligor
thereunder;
(c) receivables owing to the Credit Parties or any of their Subsidiaries or any receivables, advances and payments to
suppliers, in each case if created, acquired or made in the ordinary course of business and payable or dischargeable in accordance
with customary trade terms;
(d) Investments not otherwise contemplated by the other clauses of this Section 6.5, which when taken together with
Indebtedness permitted by Section 6.1(d) and Dispositions by Section 6.4(a)(v), do not exceed the amounts and limitations
permitted by Section 6.1(d);
(e) loans and advances (excluding customary reimbursement expenses in the ordinary course of business) to officers,
directors and employees in an aggregate amount not to exceed $100,000 at any time outstanding; provided that such loans and
advances shall comply with all applicable Requirements of Law (including Sarbanes-Oxley);
(f) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of suppliers
and customers and in settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the
ordinary course of business;
(g) Permitted Acquisitions;
(h) Bank Products to the extent permitted hereunder;
(i) Investments constituting Indebtedness permitted under Section 6.1; and
(j) additional loan advances and/or Investments of a nature not contemplated by the foregoing clauses hereof; provided
that such loans, advances and/or Investments made after the Closing Date pursuant to this clause shall not exceed an aggregate
amount of $1,000,000at any one time outstanding.
121