Limitation on Loans. Each Loan shall be in an amount not to exceed one hundred percent (100%) of the amount paid or payable by Borrower to a non- affiliated manufacturer, vendor or dealer for an item of Equipment as shown on an invoice therefor (excluding any commissions and any portion of the payment which relates to the servicing of the equipment and sales taxes payable by Borrower upon acquisition, and delivery charges). Lender shall not be obligated to make any Loan under its Commitment if at the time of or after giving effect to the proposed Loan Lender would no longer qualify as: (A) a "venture capital operating company" under U.S. Department of Labor Regulations Section 25l0.3- 101(d), Title 29 of the Code of Federal Regulations, as amended; and (B) a "business development company" under the provisions of federal Investment Company Act of 1940, as amended; and (C) a "regulated investment company" under the provisions of the Internal Revenue Code of 1986, as amended. Each Loan requested by Borrower to be made on a single Business Day shall be for a principal amount of at least fifty Thousand Dollars ($50,000) or greater, except to the extent the remaining Commitment is a lesser amount.
Limitation on Loans. 4 2.3 Notes Evidencing Loans; Repayment................................4 2.4
Limitation on Loans. No Loans may:
Limitation on Loans. 4 2.3 Notes Evidencing Loans; Repayment.......................... 5 2.4 Procedures for Borrowing................................... 5 2.5 Interest................................................... 5 2.6 Interest Rate Calculation.................................. 5 2.7
Limitation on Loans. (A) Each Loan shall be in an amount not to exceed one hundred percent (100%) of the amount paid or payable by Borrower to a non-affiliated manufacturer, vendor or dealer for an item of equipment as shown on an invoice therefor (excluding any commissions and any portion of the payment which relates to the servicing of the equipment and sales taxes payable by Borrower upon acquisition, and delivery charges).
Limitation on Loans. Each Loan shall be in an amount not to exceed one hundred percent (100%) of the amount paid or payable by Borrower to a non-affiliated manufacturer, vendor or dealer for an item of Equipment as shown on an invoice therefor (excluding any commissions and any portion of the payment which relates to the servicing of the equipment). Each Loan requested by Borrower to be made on a single Business Day shall be for a principal amount of Fifty Thousand Dollars ($50,000.00) or a multiple thereof, except to the extent the remaining Commitment is a lesser amount.
Limitation on Loans. In accordance with Section 23.1 of the Loan Agreement, Section 10.6.1(a) of the Loan Agreement is hereby amended by deleting it in its entirety and replacing it with the following: “[Intentionally Omitted].”
Limitation on Loans. Anything herein to the contrary notwithstanding:
Limitation on Loans. The Company will not make or suffer to exist loans or advances, or assets in the nature of loans or advances, to any Person or group of related Persons in excess of $1 000,000 in the aggregate for all such loans or advances to each such Person or group outstanding at any time, other than loans made in the ordinary course of business of the Company, provided that loans to Affiliates of, employees of, partners of or holders of equity in, the Company shall not be deemed to have been made in such ordinary course. XxXxxxxxx & CO 25 NOTE PURCHASE AGREEMENT
Limitation on Loans. Encoal, NuCoal, TEK-KOL, and their successors and assigns shall not, and shall cause their respective officers and directors not to make any loans to any officer or director, or any affiliate of Encoal, NuCoal, TEK-KOL, their successors and assigns, SGI or any of their affiliates, until SGI has satisfied the obligations under Sections 3.1.1(b) and 3.1.2(a), 3.1.2(b), 3.1.2(c), 3.1.2(d) and 3.1.2(e).
