Common use of Limitation on Further Loans Clause in Contracts

Limitation on Further Loans. After the date hereof, except pursuant to a Loan Agreement, no Lender may make loans to or otherwise extend credit to Borrower without notice to and the consent of each other Lender, which consent will not be unreasonably withheld; provided, however, the above limitation shall not apply to expenses advanced in the ordinary course of business to Xxxxxx as an employee of the Borrower or any deferred compensation plans or arrangements between Borrower and Xxxxxx, made in the ordinary course of business.

Appears in 1 contract

Samples: Intercreditor Agreement (E Loan Inc)

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Limitation on Further Loans. After the date hereof, except pursuant to a Loan Agreement, no neither Lender --------------------------- may make loans to or otherwise extend credit to Borrower without notice to and the consent of each the other Lender, which consent will not be unreasonably withheld; provided, however, the above limitation shall not apply to expenses advanced in the ordinary course of business to Xxxxxx as an employee of the Borrower or any deferred compensation plans or arrangements between Borrower and Xxxxxx, made in the ordinary course of business.

Appears in 1 contract

Samples: Loan and Security Agreement (Corsair Communications Inc)

Limitation on Further Loans. After the date hereof, except pursuant to a the Loan Agreement, no Lender may make loans to or otherwise extend credit to Borrower without notice to and the consent of each other Lender, which consent will not be unreasonably withheld; provided, however, the above limitation shall not apply to expenses advanced in the ordinary course of business to Xxxxxx as an employee of the Borrower or any deferred compensation plans or arrangements between Borrower and Xxxxxx, made in the ordinary course of business.

Appears in 1 contract

Samples: Intercreditor Agreement (Venture Lending & Leasing V, Inc.)

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Limitation on Further Loans. After the date hereof, except pursuant to a Loan Agreement, no neither Lender may --------------------------- make loans to or otherwise extend credit to Borrower without notice to and the consent of each the other Lender, which consent will not be unreasonably withheld; provided, however, the above limitation shall not apply to expenses advanced in the ordinary course of business to Xxxxxx as an employee of the Borrower or any deferred compensation plans or arrangements between Borrower and Xxxxxx, made in the ordinary course of business.

Appears in 1 contract

Samples: Loan and Security Agreement (Corsair Communications Inc)

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