Common use of Certain Loans and Advances Clause in Contracts

Certain Loans and Advances. Make or permit to exist loans or advances to employees of any Guarantor, any Subsidiary or any Affiliate of a Guarantor except (i) loans and advances funded by Back-to-Back Lending Facilities, (ii) loans and advances that will be repaid within 20 Business Days of being invoiced by a Guarantor or a Subsidiary in accordance with existing practices of the Guarantors and the Subsidiaries and which are invoiced within a reasonable amount of time following the date of the applicable investment and (iii) other loans or advances in a principal amount not in excess of $200,000,000 at any time outstanding.

Appears in 4 contracts

Samples: Credit Agreement (Blackstone Group L.P.), Credit Agreement (Blackstone Group L.P.), Credit Agreement (Blackstone Group L.P.)

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Certain Loans and Advances. Make or permit to exist loans or advances to employees of any Guarantor, any Subsidiary or any Affiliate of a Guarantor except (i) loans and advances funded by Back-to-Back Lending Facilities, (ii) loans and advances that will be repaid within 20 Business Days of being invoiced by a Guarantor or a Subsidiary in accordance with existing practices of the Guarantors Guarantor and the Subsidiaries and which are invoiced within a reasonable amount of time following the date of the applicable investment and (iii) other loans or advances in a principal amount not in excess of $200,000,000 at any time outstanding.

Appears in 1 contract

Samples: Credit Agreement (Blackstone Group L.P.)

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