Common use of Guaranties; Loans Clause in Contracts

Guaranties; Loans. Borrower shall not guarantee nor be liable in any manner, whether directly or indirectly, or become contingently liable after the date of this Agreement in connection with the obligations or indebtedness of any person or persons whomsoever, except for the indorsement of negotiable instruments payable to Borrower for deposit or collection in the ordinary course of business. Borrower shall not make any loan, advance or extension of credit to any person other than in the normal course of its business.

Appears in 3 contracts

Samples: Loan Agreement (Bethlehem Corp), Revolving Loan Agreement (O Charleys Inc), Revolving Loan Agreement (O Charleys Inc)

AutoNDA by SimpleDocs

Guaranties; Loans. Borrower shall not guarantee nor be liable in any manner, whether directly or indirectly, or become contingently liable after the date of this Agreement in connection with the obligations or indebtedness of any person or persons whomsoever, except for the indorsement endorsement of negotiable instruments payable to Borrower for deposit or collection in the ordinary course of business. Borrower shall not make any loan, advance or extension of credit to any person other than in the normal course of its business.

Appears in 2 contracts

Samples: Loan and Security Agreement (HMS Income Fund, Inc.), Loan and Security Agreement (Business Development Corp of America)

AutoNDA by SimpleDocs

Guaranties; Loans. The Borrower shall not guarantee nor be liable in any manner, whether directly or indirectly, or become contingently liable after the date of this Agreement in connection with the obligations or indebtedness of any person or persons whomsoeverpersons, except for the indorsement endorsement of negotiable instruments payable to the Borrower for deposit or collection in the ordinary course of business. The Borrower shall not make any loan, advance or extension of credit to any person other than in the normal course of its business.

Appears in 1 contract

Samples: Security Agreement (Aesp Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!