Loans, Advances or Investments. The Borrower will not make or agree to make or allow to remain outstanding any Investment, including, without limitation, any loans or advances or the purchase (for cash or securities) of all or a substantial part of the Property or capital stock of any Person, except advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable.
Appears in 2 contracts
Samples: Senior Secured Bridge Loan (Mainland Resources Inc.), Senior Secured Advancing Line of Credit Agreement (Mainland Resources Inc.)
Loans, Advances or Investments. The Borrower will not make or agree to make or allow to remain outstanding any Investment, including, without limitation, any loans or advances or the purchase (for cash or securities) of all or a substantial part of the Property or capital stock of any Person, except (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable.receivable or (b)
Appears in 2 contracts
Samples: Credit Agreement (Esenjay Exploration Inc), Credit Agreement (Cubic Energy Inc)
Loans, Advances or Investments. The Borrower will not make or agree to make or allow to remain outstanding any Investment, including, without limitation, any loans or advances or the purchase (for cash or securities) of all or a substantial part of the Property or capital stock of any Person, except (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, (b) Liquid Investments, or (c) the Exchange Transactions.
Appears in 1 contract
Loans, Advances or Investments. The Borrower will not make or agree to make or allow to remain outstanding any Investment, including, without limitation, any loans or advances or the purchase (for cash or securities) of all or a substantial part of the Property or capital stock of any Person, except (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivablereceivable or (b) Liquid Investments.
Appears in 1 contract
Samples: Credit Agreement (Cubic Energy Inc)