Common use of GUARANTIES, ADVANCES AND DIVIDENDS Clause in Contracts

GUARANTIES, ADVANCES AND DIVIDENDS. Guarantee or become liable in any way as surety, endorser (other than as endorser of negotiable instruments in the ordinary course of business) or accommodation for the debt or obligations of any person or entity, or make advances to officers or employees in excess of $50,000 in the aggregate, other than regularly scheduled salary payments and regular payments to an existing qualified profit or pension plan. Borrower may not make treasury stock purchases.

GUARANTIES, ADVANCES AND DIVIDENDS. Guarantee or become liable in any way as surety, endorser (other than as endorser of negotiable instruments in the ordinary course of business) or accommodation for the debt or obligations of any person or entity, or make advances to officers or employees in excess of $50,000 in the aggregate, other than regularly scheduled salary payments and regular payments to an existing qualified profit or pension plan. Borrower may not make treasury stock purchases.