Guarantees and Loans. Borrower will not enter into any direct or indirect guarantees other than by endorsement of checks for deposit or other than in the ordinary course of business nor make any advance or loan other than in the ordinary course of business as presently conducted, including, without limitation, loans and advances to employees of Borrower.
Guarantees and Loans. Except with Bank’s prior written consent, which consent will not be unreasonably withheld, and in accordance with Borrower’s ordinary course of business consistent with past business practices consistently applied, Borrower shall not enter into any direct or indirect guarantees other than by endorsement of checks for deposit nor make any advance or loan, including, without limitation, loans and advances to employees of Borrower.
Guarantees and Loans. The Company shall not guarantee or endorse any obligation of, or make any advance or loan to, any Person, or assume any contingent liability of any Person; provided that the Company may guarantee the obligations of any of its Subsidiaries arising under the PDL Credit Agreement as contemplated by the PDL Collateral Agreement.
c. Section 6.9 (Related Party Transactions) of the Purchase Agreement is hereby amended and restated in its entirety as follows:
Guarantees and Loans not give, or agree to give, any Guarantee or loan of any money to any person;
Guarantees and Loans. The Company shall not, and shall cause its Subsidiaries not to, guarantee or endorse an obligation of, or make an advance or loan to, any individual, corporation, or other business entity, or assume any contingent liability, except for (i) the endorsement of negotiable instruments for deposit or collection in the ordinary course of business, (ii) the advancement of travel expenses and relocation costs,
Guarantees and Loans. The Company shall not guarantee or endorse any obligation of, or make any advance or loan to, any Person, or assume any contingent liability of any Person.
Guarantees and Loans. Borrower shall not and shall not permit any subsidiary to enter into any direct or indirect guarantees other than in favor of Lender or by endorsement of checks for deposit or other than in the ordinary course of business, nor make any advance or loan, including, without limitation, loans and advances to employees of Borrower, other than such advances or loans extended in the ordinary course of business as presently conducted.
Guarantees and Loans. Except as approved by the Board of Directors, the Company shall not, and shall cause its Subsidiaries not to, guarantee or endorse an obligation of, or make an advance or loan to, any individual, corporation, or other business entity, or assume any contingent liability, except for (a) the endorsement of negotiable instruments for deposit or collection in the ordinary course of business, (b) the advancement of travel expenses and relocation costs, (c) intercompany transactions (e.g. , loans to Subsidiaries) or (d) payments or other obligations in the ordinary course of business and consistent with prudent business practices, which shall include, but is not limited to obligations of joint ventures in which the Company has an interest.
Guarantees and Loans. Borrower will not enter into any direct or indirect guarantees other than by endorsement of checks for deposit or other than in the ordinary course of business nor make any advance or loan other than in the ordinary course of business as presently conducted, including, without limitation, loans and advances to employees, officers or directors of Borrower except for (i) advances to employees, officers or directors for travel, entertainment and similar expenses in amounts outstanding at any given time not to exceed $500,000.00, (ii) a presently outstanding loan to Xxxxxx Xxxxx in the amount of $280,000 which may be increased by not more than $350,000 and which shall be paid off at such time as Borrower makes the Preferred Share Redemption and, (iii) other loans to officers, directors or employees in amounts in the aggregate outstanding at any one time not to exceed $500,000.
Guarantees and Loans. It will not, and will ensure that no other member of the Group will, give any Guarantee of any of the Indebtedness of any Person (other than a member of the Group or to the extent comprised in any arrangement referred to in Clause 19.2.2 (a) or (b)) for or in respect of Borrowed Money or become a creditor in respect of any Borrowings of any Person (other than a member of the Group or any trustee of an employee share option scheme provided in the ordinary course of business for the benefit of employees of any member of the Group) except in the ordinary course of trading or where the aggregate principal, nominal or capital amount of such Indebtedness and such Borrowings does not exceed pound sterling250,000. It will ensure that no Person gives any Guarantee of or Security for any of the Borrower's Indebtedness for or in respect of Borrowed Money (other than to the extent comprised in any arrangement referred to in Clause 19.2.2(a) or (b)).
