Limitation on Credit Extensions. Except for Permitted Investments, no Related Person will extend credit, make advances or make loans other than normal and prudent extensions of credit to customers buying goods and services in the ordinary course of business, which extensions shall not be for longer periods than those extended by similar businesses operated in a normal and prudent manner.
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Samples: Credit Agreement (Forcenergy Inc), Credit Agreement (Forcenergy Inc), Credit Agreement (WRT Energy Corp)
Limitation on Credit Extensions. Except for Permitted Investments, no Related No Obligated Person will extend credit, make advances or make loans other than normal and prudent extensions of credit to customers buying goods and services in the ordinary course of business, which extensions shall not be for longer periods than those extended by similar businesses operated in a normal and prudent manner.
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Samples: Term Loan Agreement (Geopetro Resources Co), Term Loan Agreement (Kestrel Energy Inc)
Limitation on Credit Extensions. Except for Permitted Investments, Investments no Related Restricted Person will extend credit, make advances or make loans other than (i) normal and prudent extensions of credit to customers buying goods and services in the ordinary course of business, which extensions shall not be for longer periods than those extended by similar businesses operated in a normal and prudent mannermanner and (ii) advances to employees for reimbursable expenses of such employees in the ordinary course of business.
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Limitation on Credit Extensions. Except for Permitted Investments, no Related Person will extend credit, make advances or make loans other than than
i. normal and prudent extensions of credit to customers buying goods and services in the ordinary course of business, which extensions shall not be for longer periods than those extended by similar businesses operated in a normal and prudent manner,
ii. loans to Borrower or to any Subsidiary Guarantor,
iii. loans in an aggregate outstanding principal amount not to exceed $1,000,000 to third parties.
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Limitation on Credit Extensions. Except for Permitted Investments, no Related Restricted Person will extend credit, make advances or make loans other than (i) normal and prudent extensions of credit to customers buying goods and services in the ordinary course of business, which extensions shall not be for longer periods than those extended by similar businesses operated in a normal and prudent mannermanner and (ii) advances to employees for reimbursable expenses of such employees in the ordinary course of business.
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