Loan and Advances. The Borrower shall not make any additional loans or advances to any individual, firm or corporation.
Loan and Advances. Without the prior written consent of the Lender, the Borrower shall not make any loan or advance to any affiliate, director, member, manager, officer or employee of the Borrower, or any other person, except for the creation of accounts receivable in the ordinary course of business on terms that are no less favorable than would apply in an arm’s-length transaction.
Loan and Advances. Except as set forth in this Section 3.5, the Company shall not pay any officer, director or Initial Shareholder, or any of their affiliates, any interest, fees or other compensation from the Company, for loans or advances provided to the Company prior to, or in connection with, the Offering or the consummation of a Business Combination; provided that upon consummation of the Company’s initial public offering, 8i Pte, shall be entitled to repayment from the Company for non-interest bearing advances of $378,224 which were made by 8i Pte to the Company.
Loan and Advances. Simultaneously with the delivery of the quarterly financial statements required to be delivered pursuant to Subsection 4.2a, notice of (A) any loan or advance made by the Borrower during such quarter in the amount of $250,000 or more, and (B) the total outstanding amount of all loans and advances made by the Borrower if at any time such total amount exceeds $500,000. The $500,000 amount referred to in the previous sentence shall be re-set to zero at the beginning of each fiscal year of the Borrower, so that the Borrower will be required to notify the Bank each time the $500,000 threshold is reached in each fiscal year.
Loan and Advances. The Borrower shall not make any loans or advances to any individual, firm or corporation in excess of the aggregate amount of $25,000, including, without limitation, any parent, affiliate, Subsidiaries, shareholders, directors, officers and employees; provided, however, that the Borrower may make advances to (a) Subsidiaries; and (b) the employees of the Borrower and any of its Subsidiaries, including their officers, with respect to reasonable expenses incurred by such employees, which expenses are reimbursable by the Borrower or its Subsidiaries and directly related to the conduct of the business of the Borrower or its Subsidiaries.
Loan and Advances. The Borrower will not make any loans or advances to any person, corporation or entity if such loans or advances will exceed an aggregate total outstanding at any one time of $75,000.00.
Loan and Advances. Except for intercompany loans which do not exceed $1,000,000 in the aggregate at any one time, the Borrower shall not make any loans or advances to any individual, firm or corporation, including, without limitation, any parent, affiliate, subsidiaries, shareholders, directors, officers and employees; PROVIDED, HOWEVER, that the Borrower may make advances to its employees, including its officers, with respect to reasonable expenses incurred by such employees, which expenses are reimbursable by the Borrower and directly related to the conduct of the Borrower's business.
Loan and Advances. The Borrower will not and will not permit any of ----------------- its Subsidiaries to, make any Loan or advances to any Person or entity.
Loan and Advances. Directly or indirectly, lend money or credit (by way of Guarantee or otherwise) or make advances to, or purchase or acquire any bonds, notes, debentures or other similar obligations of, any other Person in an aggregate amount at any one time outstanding exceeding U.S.$1,000,000, in each case other than (x) to Subsidiaries or Affiliates of the Borrower or their respective employees or otherwise in the normal course of business; (y) receivables owing to the Borrower or any Subsidiary, if created or acquired in the ordinary course of business and (z) the acquisition of Cash Equivalents or notes or accounts receivable in the ordinary course of business.
Loan and Advances
