Common use of Guarantees and Loans Clause in Contracts

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.

Appears in 6 contracts

Samples: Credit Agreement (Merrymeeting Inc), Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Frontier Adjusters of America Inc)

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Guarantees and Loans. Borrower will shall 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 business, nor make any advance or loan other than in the ordinary course of business as presently conductedloan, 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.

Appears in 2 contracts

Samples: Credit Agreement (M-Tron Industries, Inc.), Credit Agreement (LGL Group Inc)

Guarantees and Loans. Borrower will not enter into any direct or indirect guarantees other than (a) by endorsement of checks for deposit or deposit, and (b) guarantees in favor of Bank. Borrower will not, other than in the ordinary course of business nor business, make any advance or loan other than in the ordinary course of business as presently conductedloan, including, without limitation, loans and advances to employees of Borrower.

Appears in 1 contract

Samples: Credit Agreement (Bioanalytical Systems Inc)

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 BorrowerBorrower in excess of $1,500,000.00 in the aggregate at any one time. Notwithstanding the foregoing, Borrower shall be permitted to guarantee obligations of its wholly-owned subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Bancinsurance Corp)

Guarantees and Loans. No 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 such Borrower’s business and guarantees permitted by clause (h) of the definition of Permitted Indebtedness, nor make any advance or loan other than in the ordinary course of such Borrower’s business as presently conducted, including, without limitation, conducted except that a Borrower may make loans and or advances to employees of Borrowerits Affiliates and Subsidiaries and other Permitted Investments.

Appears in 1 contract

Samples: Loan and Security Agreement (Meridian Bioscience Inc)

Guarantees and Loans. No 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 such Borrower's business, nor make any advance or loan other than in the ordinary course of business as presently conducted, including, without limitation, conducted except that a Borrower may make loans and or advances to employees of Borrowerits Affiliates and Subsidiaries.

Appears in 1 contract

Samples: Loan and Security Agreement (Meridian Bioscience Inc)

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Guarantees and Loans. Borrower will shall 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 business, nor make any advance or loan other than in the ordinary course of business as presently conductedloan, 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, which includes the advances to graduate school institutions or other student loan originators for the initial disbursement of student loans.

Appears in 1 contract

Samples: Credit Agreement (Direct Iii Marketing Inc)

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 BorrowerBorrower in excess of $150,000 in the aggregate at any one time. Notwithstanding the foregoing, Borrower shall be permitted to guarantee obligations of its wholly-owned subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Bancinsurance Corp)

Guarantees and Loans. Borrower will shall 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 business, nor make any advance or loan other than in the ordinary course of business as presently conductedloan, 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, which includes the advances to graduate school institutions or other student loan originators for the initial disbursement of student loans.

Appears in 1 contract

Samples: Credit Agreement (Education Lending Group Inc)

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