No Loans, Advances, Etc. Make any loans or advances, debt repayments or forgiveness, interest payments or forgiveness, or grant pay raises, bonuses or awards, or unusual salary or other payments, disbursements or other distributions, directly or indirectly, in any form to any management personnel, Company-Based Employee, director, officer or shareholder of either of the Companies, or any relative of any such person, or entities or persons affiliated with or related to any such management personnel, Company-Based Employee, director, officer or shareholder of either of the Companies.
No Loans, Advances, Etc. Make loans or advances or grant pay raises, bonuses or awards, directly or indirectly, to any management personnel, employee, director or shareholder of the Company or any relative of any such person, or entities or persons affiliated with any such management personnel, employee, director or shareholder of the Company.
No Loans, Advances, Etc. Make or incur any lease, loan, Lien or other obligation to or from a third party, or make loans or advances or grant any pay raises, bonuses or awards, or make any other material payments, whatsoever directly or indirectly, to any officer, employee or director of any Group Member other than paying existing compensation amounts as set forth in Schedule 2.11 hereof and other than routine increases in any such person's compensation in the ordinary course of business not in excess of 4%.
No Loans, Advances, Etc. Neither of the Companies shall make ----------------------- or incur any lease, new debt for borrowed money, loans or Lien or otherwise encumber any of the assets or properties owned or used by either of the Companies, or make any bonus or similar payments, distributions, loans or advances to any officer, employee, director or shareholder (or any related parties or other Affiliates thereof) of either of the Companies, other than (i) the distribution to the Shareholder of KEI's undistributed net profit for periods prior to the Closing Date, (ii) borrowings under KEI's bank credit facility to fund the distribution contemplated by clause (i) above, (iii) the Transfer of the Building, (iv) the payment of bonuses to employees or other persons of KEI in an amount not to exceed $570,000 in the aggregate and to the extent accrued on KEI's income statement for its 1998 fiscal year, (v) bonuses paid to either of the Kapadias as officers of KEI, and (vi) other normal and necessary transactions in the ordinary course of business of either of the Companies.
No Loans, Advances, Etc. Make or grant pay raises, bonuses, or awards or severance to any officer, employee or director, or except in the ordinary course of business and consistent with past practice, make or incur any lease, loan, Lien or other obligation to or from a third party, or make any other payments, directly or indirectly, to any officer, employee or director of any Group Member.
No Loans, Advances, Etc. Make or incur any lease, loan, Lien or other obligation to or from a third party, or make loans or advances or grant any pay raises, bonuses or awards, or make any other material payments, whatsoever directly or indirectly, to any officer, employee or director of any Group Member other than paying existing compensation amounts as set forth in SCHEDULE 2.11 hereof and other than routine increases in any such person's compensation in the ordinary course of business not in excess of 4%.
