Liabilities and Advances. Seller shall not, either directly or indirectly, without the prior written consent of Buyer, lend money or credit or make any advances to any Person or acquire any stock, obligations or securities of, or any interest in, or make any capital contribution to any other Person in an amount greater than ten percent (10%) of Seller’s Tangible Net Worth, except for Mortgage Loans or other loans extended in the ordinary course of Seller’s mortgage banking business. Seller shall not, either directly or indirectly, without the prior written consent of Buyer, assume, guarantee, endorse, or otherwise become liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of Seller’s mortgage banking business.
Liabilities and Advances. Seller shall not, either directly or indirectly, without the prior written consent of Buyer, lend money or credit or make any advances to any Person or acquire any stock, obligations or securities of, or any interest in, or make any capital contribution to any other Person in an amount greater than ten percent (10%) of Seller’s Tangible Net Worth, except for (a) Mortgage Loans or other loans extended in the ordinary course of Seller’s mortgage banking business (which, for purposes of this Agreement, includes the businesses conducted by Seller’s wholly-owned subsidiaries, Joliet Mortgage Reinsurance Company and PCIC Corporation), or (b) so long as no Potential Default or Event of Default then exists or would be caused thereby, investments in subsidiaries acquired by Seller (or Seller’s parent) as a result of such parent’s merger transaction with Centex Corporation. Seller shall not, either directly or indirectly, without the prior written consent of Buyer, assume, guarantee, endorse, or otherwise become liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of Seller’s business.
Liabilities and Advances. 23 Section 10.2 Deferral of Subordinated Debt .............................................................. 23 Section 10.3
Liabilities and Advances. Borrower shall not lend money or credit or make any advances to any Person or acquire any stock, obligations or securities of, or any interest in, or make any capital contribution to any other Person in an amount greater than five hundred thousand ($500,000) dollars, except for Mortgage Loans or other loans extended in the ordinary course of Borrower's mortgage banking business; provided, however, that notwithstanding the foregoing, Borrower shall be entitled to make a loan or provide credit to, or acquire the stock of or provide capital contributions to, any Affiliate of Borrower provided that such loan, credit, stock acquisition or capital contribution, whether in the aggregate or on an individual basis, does not cause an Event of Default. Borrower shall not, either directly or indirectly, without the prior written consent of Lender, assume, guarantee, endorse, or otherwise become liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business.
Liabilities and Advances. Borrower shall not, without prior written notice to Lender, lend money or credit or make any advances to any Person or acquire any stock, obligations or securities of, or any interest in, or make any capital contribution to any other Person in an amount greater than One Hundred Thousand ($100,000.00), except for Mortgage Loans or other loans extended in the ordinary course of Borrower's mortgage banking business or for scheduled interest payments to Fieldstone Holdings Corp. on its subordinated debt. Borrower shall not, either directly or indirectly, without the prior written consent of Lender, assume, guarantee, endorse, or otherwise become liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business.
Liabilities and Advances. Except as otherwise permitted under the Agreement, Seller has not, either directly or indirectly, without the prior written consent of Bank of America, made any personal loans or advances to any officers, employees, shareholders, members, partners or owners of Seller or any Guarantor in an aggregate amount exceeding ten percent (10%) of Seller’s Tangible Net Worth. Except as otherwise permitted under the Agreement, Seller has not incurred any additional material Debt without the prior written consent of Bank of America.
Liabilities and Advances. Aames Capital shall not lend money or credit or make any advances to any Person (other than an Affiliate of Aames Capital) or acquire any stock, obligations or securities of, or any interest in, or make any capital contribution to any other Person (other than an Affiliate of Aames Capital) in an amount equal to or greater than one percent (1%) of Aames Capital’s Tangible Net Worth without at least thirty (30) days prior written notice to Lender, except for Mortgage Loans or other loans extended in the ordinary course of Borrower’s mortgage banking business. With respect to an Affiliate of Borrower, the same negative covenants of the foregoing sentence apply; provided, however, that with respect to the amount, such amount shall not be greater than ten percent (10%) of Seller’s Tangible Net Worth. Borrower shall not, either directly or indirectly, without the prior written consent of Lender, assume, guarantee, endorse, or otherwise become liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business.
Liabilities and Advances. Client has not either directly or indirectly, without the prior written consent of Bank of America, made any personal loans or advances to any officers, employees, shareholders, members, partners or owners of Client in an aggregate amount exceeding ten percent (10%) of Client's Tangible Net Worth, provided, however, that Client shall be entitled to make a personal loan or advance to a majority shareholder, member, partner or owner of Client without the prior written consent of Bank of America provided that (i) a Potential Default or an Event of Default is not existing and will not occur as a result thereof, and (ii) such loan or advance is clearly reflected on Client's financial reports provided to Bank of America.
Liabilities and Advances. Except as otherwise permitted under the Agreement, Borrower has not, either directly or indirectly, without the prior written consent of Bank of America, made any personal loans or advances to any officers, employees, shareholders, members, partners or owners of Borrower or any Guarantor in an aggregate amount exceeding ten percent (10%) of Borrower’s Tangible Net Worth. Except as otherwise permitted under the Agreement, Borrower has not incurred any additional material Debt without the prior written consent of Bank of America.
Liabilities and Advances. Borrower shall not lend money or credit or make any advances to any Person or acquire any stock, obligations or securities of, or any interest in, or make any capital contribution to any other Person in an amount greater than Five Hundred Thousand Dollars ($500,000), except for Mortgage Loans or other loans extended in the ordinary course of Borrower’s mortgage banking business. Borrower shall not, either directly or indirectly, without the prior written consent of Lender, assume, guarantee, endorse, or otherwise become liable for the obligation of any Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of business.
