Common use of Loans, Advances and Guaranties Clause in Contracts

Loans, Advances and Guaranties. The Borrowers will not, and will not permit any Subsidiary to, except in the ordinary course of business as currently conducted and except for inter-company loans, make any loans or advances, become a guarantor or surety, pledge its credit or Properties in any manner or extend credit; provided that the foregoing shall not be construed as a limitation on guaranties or any Liens permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Pacific Scientific Co)

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Loans, Advances and Guaranties. The Borrowers Borrower will not, and will not permit any Subsidiary to, except in the ordinary course of business as currently conducted and except for inter-company loanssubject to Section 6.28, make any loans or advances, become a guarantor or surety, pledge its credit or Properties properties in any manner or extend credit; provided that the foregoing shall not be construed as a limitation on guaranties or any Liens permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Petco Animal Supplies Inc)

Loans, Advances and Guaranties. The Borrowers Borrower will not, and will not permit any Subsidiary to, except in the ordinary course of business as currently conducted and except for inter-company loansconducted, make any loans or advances, become a guarantor or surety, pledge its credit or Properties properties in any manner or extend credit; provided that the foregoing shall not be construed as a limitation on guaranties or any Liens permitted hereunder.. 6.24

Appears in 1 contract

Samples: Credit Agreement (Petco Animal Supplies Inc)

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Loans, Advances and Guaranties. The Borrowers Borrower will not, and will not permit any Subsidiary to, except in the ordinary course of business as currently conducted and except for inter-company loansconducted, make any loans or advances, become a guarantor or surety, pledge its credit or Properties in any manner or extend credit; provided that the foregoing shall not be construed as a limitation on guaranties or any Liens permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Star Telecommunications Inc)

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