Loans and Advances (Section 5 Sample Clauses

Loans and Advances (Section 5. 16) Neither the Borrower nor any of its Subsidiaries shall make loans or advances to any Person except as permitted by Section 5.17 and except: (i) loans or advances to employees (other than travel advances) not exceeding $1,000,000 in the aggregate principal amount outstanding at any time, in each case made in the ordinary course of business and consistent with practices existing on January 30, 1998; and (ii) deposits required by government agencies or public utilities; (iii) loans or advances from the Borrower to any Guarantor or to the Target or from any Guarantor to any other Guarantor or to the Target; (iv) loans or advances to any Subsidiary that is not a Guarantor or from any such Subsidiary to the Borrower or to another such Subsidiary in existence on the Closing Date (or, as to subsidiaries of the Target, loans and advances in existence on the Offer Termination Date), which loans and advances in existence as of the Closing Date are described on Schedule 5.16; and (v) loans or advances made after the Closing Date (or, as to subsidiaries of the Target, made after the Offer Termination Date) to any Subsidiary that is not a Guarantor or from any such Subsidiary to the Borrower or to another such Subsidiary, not exceeding $5,000,000 in the aggregate outstanding; provided that after giving effect to the making of any loans, advances or deposits permitted by this Section, no Default shall be in existence or be created thereby.
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Loans and Advances (Section 5. 16) Neither the Borrower nor any of its Subsidiaries shall make loans or advances to any Person except as permitted by Section 5.17 and except: (i) loans or advances to employees (A) for travel expenses incurred in the ordinary course of business, and (B) in addition to loans or advances under the immediately preceding clause (A), not exceeding $100,000 in the aggregate principal amount outstanding at any time made in the ordinary course of business and consistent with practices existing on March 19, 1999; (ii) deposits required by government agencies or public utilities; (iii) loans or advances from the Borrower to any Guarantor or from any Guarantor to any other Guarantor; (iv) accounts receivable outstanding in the ordinary course of business owed to the Borrower for the sale of its inventory, and (v) solely after compliance with Section 5.24 with respect to each Foreign Significant Subsidiary to which loans or advances shall be made, loans or advances from the Borrower to Foreign Significant Subsidiaries which are not Guarantors in the aggregate outstanding at any time not exceeding 10% of the Borrower's Consolidated Net Worth; provided that after giving effect to the making of any loans, advances or deposits permitted by this Section, the Borrower will be in full compliance with all the provisions of this Agreement.
Sample 1
Loans and Advances (Section 5. 07) Neither the Borrower, the Guarantor nor any other Subsidiary shall make loans or advances to any Person except: (i) deposits required by government agencies or public utilities; (ii) loans and advances made to the Borrower, the Guarantor or any Subsidiary; provided, that loans and advances from the Borrower and the Guarantor to Subsidiaries, together with Investments in Subsidiaries permitted by clause (C) of Section 5.09, may not exceed an aggregate amount of $50,000,000 outstanding at any 118 127
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Loans and Advances (Section 5. 07) Neither the Borrower nor any Guarantor or Subsidiary shall make loans or advances to any Person except: (i) deposits required by government agencies or public utilities; (ii) without duplication, loans and advances made to the Borrower, any Guarantor or any Subsidiary; provided, that loans and advances from the Borrower and the Guarantors to Subsidiaries that are not Guarantors may not exceed an aggregate amount outstanding at any time equal to 10% of Consolidated Total Assets; (iii) loans or advances to directors, officers and employees in the ordinary course of business in the aggregate outstanding at any time not exceeding $2,500,000.00; and (iv) without duplication, other loans or advances made in the ordinary course of business in the aggregate outstanding at any time not exceeding $20,000,000 minus all amounts outstanding under clause (iii) of this Section 5.07 and minus Investments made and permitted pursuant to Section 5.09(D); provided that after giving effect to the making of any loans, advances or deposits permitted by clauses (i), (ii), (iii) or (iv), the Borrower will be in full compliance with all the provisions of this Agreement.
Sample 1

Related to Loans and Advances (Section 5

  • Loans and Advances The Company does not have any outstanding loans or advances to any person and is not obligated to make any such loans or advances, except, in each case, for advances to employees of the Company in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

  • Investments, Loans and Advances Purchase, hold or acquire any Equity Interests, evidences of indebtedness or other securities of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other person, except:

  • Limitation on Investments, Loans and Advances Make any advance, loan, extension of credit or capital contribution to, or purchase any stock, bonds, notes, debentures or other securities of or any assets constituting a business unit of, or make any other investment in, any Person, except:

  • Limitations on Loans, Advances, Investments and Acquisitions Purchase, own, invest in or otherwise acquire, directly or indirectly, any Capital Stock, interests in any partnership or joint venture (including, without limitation, the creation or capitalization of any Subsidiary), evidence of Indebtedness or other obligation or security, substantially all or a portion of the business or assets of any other Person or any other investment or interest whatsoever in any other Person, or make or permit to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment in cash or by delivery of property in, any Person except:

  • Repayment of Term Loans and Revolving Facility Loans (a) Subject to the other clauses of this Section 2.10 and to Section 9.08(e),

  • Loans, Advances, Investments, Etc Make or commit or agree to make, or permit any of its Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Revolving Loans and Term Loans The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans or Term Loans of any Class in whole or in part without premium or penalty; provided that (A) such notice must be received by the Administrative Agent not later than 1:00 p.m. (1) three Business Days prior to any date of prepayment of Eurocurrency Rate Loans denominated in Dollars, (2) four Business Days (or five Business Days in the case of a Special Notice Currency) prior to any date of prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies and (3) on the date of prepayment of Base Rate Loans; (B) any such prepayment of Eurocurrency Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (D) any prepayment of the Term Loans shall be in such proportions as the Borrower shall elect and each such prepayment shall be applied as directed by the Borrower and, absent such direction, shall be applied in direct order of maturity to the remaining principal amortization payments of the applicable Term Loan; and (E) any such notice may be conditioned on the effectiveness of other financing arrangements or one or more other transactions. Each such notice shall specify the date and amount of such prepayment and the Class and Type(s) of Loans to be prepaid and, if Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein, subject to the occurrence of any condition(s) specified therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.15, each such prepayment shall be applied to the applicable Class of Loans being prepaid of the applicable Lenders in accordance with their respective Applicable Percentages for such Class.

  • Procedure for Advances of Revolving Credit Loans and Swingline Loans Section 2.4 Repayment and Prepayment of Revolving Credit and Swingline Loans

  • Revolving Loans and Borrowings (a) Each Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders in accordance with their respective Applicable Percentages. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

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