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These excerpts taken from the ATVI 8-K filed Nov 5, 2008. b) Vivendi Games Loan Facility
At the time of the closing of the Business Combination, Vivendi Games had a loan facility in place that permitted Vivendi Games to borrow from an unaffiliated third party an amount up to $150 million for general corporate purposes. Pursuant to the terms of the BCA, Vivendi has agreed that upon
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closing, the amount outstanding under the Vivendi Games loan facility, together with all other indebtedness for money borrowed by Vivendi Games and its subsidiaries (excluding Vivendi Games intercompany indebtedness), will not be more than the aggregate amount of cash and cash equivalents held by Vivendi Games and its subsidiaries on that date, less $15 million.
Prior to the consummation of the Business Combination, Vivendi Games borrowed $150 million that was reimbursed in full by Activision Blizzard after the closing of the transaction.
b) Vivendi Games Loan Facility
At the time of the closing of the Business Combination, Vivendi Games had a loan facility in place that permitted Vivendi Games to borrow from an unaffiliated third party an amount up to $150 million for general corporate purposes. Pursuant to the terms of the BCA, Vivendi has agreed that upon closing, the amount outstanding under the Vivendi Games loan facility, together with all other indebtedness for money borrowed by Vivendi Games and its subsidiaries (excluding Vivendi Games intercompany indebtedness), will not be more than the aggregate amount of cash and cash equivalents held by Vivendi Games and its subsidiaries on that date, less $15 million.
Prior to the consummation of the Business Combination, Vivendi Games borrowed $150 million that was reimbursed in full by Activision Blizzard after the closing of the transaction.
b) Vivendi Games Loan Facility
At the time of the closing of the Business Combination, Vivendi Games had a loan facility in place that permitted Vivendi Games to borrow from an unaffiliated third party an amount up to $150 million for general corporate purposes. Pursuant to the terms of the BCA, Vivendi has agreed that upon closing, the amount outstanding under the Vivendi Games loan facility, together with all other indebtedness for money borrowed by Vivendi Games and its subsidiaries (excluding Vivendi Games intercompany indebtedness), will not be more than the aggregate amount of cash and cash equivalents held by Vivendi Games and its subsidiaries on that date, less $15 million.
Prior to the consummation of the Business Combination, Vivendi Games borrowed $150 million that was reimbursed in full by Activision Blizzard after the closing of the transaction.
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