Common use of Limitations on Contracts; Deposits of Funds Clause in Contracts

Limitations on Contracts; Deposits of Funds. The Borrower will not, without the approval in writing of the Lender: (a) enter into any contract or contracts (i) for management of its business or any part thereof (except in connection with any management contract for which the fees are permitted by Section 7.03 above); (ii) for the operation or maintenance of all or any substantial part of its property, (iii) for the use by others of any of the Collateral in excess of $100,000; or (iv) with other companies; provided, however, that such approval shall not be required for any contract which in form and substance substantially conforms with contracts in general use in the Borrower's industry by companies of size and character similar to Borrower or which substantially conform to contracts which are currently in existence that Borrower is a party to; or (b) except as permitted by Section 7.05 above, deposit any of its funds, regardless of the source thereof, in any bank which is not insured by the Federal Deposit Insurance Corporation or the successor thereof.

Limitations on Contracts; Deposits of Funds. The Borrower will not, without the approval in writing of the Lender: (a) enter into any contract or contracts (i) for management of its business or any part thereof (except in connection with any management contract for which the fees are permitted by Section 7.03 above); (ii) for the operation or maintenance of all or any substantial part of its property, (iii) for the use by others of any of the Collateral Mortgaged Property in excess of $100,000; or (iv) with other companies; provided, however, that such approval shall not be required for any contract ---------- which in form and substance substantially conforms with contracts in general use in the Borrower's Mortgagors industry by companies of size and character similar to Borrower Mortgagor or which substantially conform to contracts which are currently in existence that Borrower Mortgagor is a party to; or (b) except as permitted by Section 7.05 above, deposit any of its funds, regardless of the source thereof, in any bank which is not insured by the Federal Deposit Insurance Corporation or the successor thereof.

Limitations on Contracts; Deposits of Funds. The Borrower will not, without the approval in writing of the Lender: (a) enter into any contract or contracts (i) for management of its business or any part thereof (except in connection with any management contract for which the fees are permitted by Section 7.03 above); (ii) for the operation or maintenance of all or any substantial part of its property, (iii) for the use by others of any of the Collateral in excess of $100,000; or (iv) with other companies; provided, -------- however, that such approval shall not be required for any contract which in form ------- and substance substantially conforms with contracts in general use in the Borrower's industry by companies of size and character similar to Borrower or which substantially conform to contracts which are currently in existence that Borrower is a party to; or (b) except as permitted by Section 7.05 above, deposit any of its funds, regardless of the source thereof, in any bank which is not insured by the Federal Deposit Insurance Corporation or the successor thereof.

Limitations on Contracts; Deposits of Funds. The Borrower will not, without the approval in writing of the Lender: (a) enter into any contract or contracts (i) for management of its business or any part thereof (except in connection with any management contract for which the fees are permitted by Section 7.03 above); (ii) for the operation or maintenance of all or any substantial part of its property, (iii) for the use by others of any of the Collateral Mortgaged Property in excess of $100,000; or (iv) with other companies; provided, however, that such approval shall not be required for any contract -------- ------- which in form and substance substantially conforms with contracts in general use in the Borrower's Mortgagors industry by companies of size and character similar to Borrower Mortgagor or which substantially conform to contracts which are currently in existence that Borrower Mortgagor is a party to; or (b) except as permitted by Section 7.05 above, deposit any of its funds, regardless of the source thereof, in any bank which is not insured by the Federal Deposit Insurance Corporation or the successor thereof.