Loans and Advances to Others; Investments; Restricted Payments; Subsidiaries. 7.8.1. The Borrower will not make or suffer to exist any loan, advance or extension of credit to any Person except (a) Permitted Indebtedness, (b) Permitted Investments, (c) trade and customer accounts receivable which are for goods furnished or services rendered in the ordinary course of business and which are payable in accordance with customary trade terms and (d) advances to employees of the Borrower and its Subsidiaries for payment of reasonable expenses in the ordinary course of business.
Appears in 3 contracts
Samples: Credit and Guaranty Agreement (Lilis Energy, Inc.), Credit and Guaranty Agreement (Lilis Energy, Inc.), Credit and Guaranty Agreement (Lilis Energy, Inc.)
Loans and Advances to Others; Investments; Restricted Payments; Subsidiaries. 7.8.1. (i) The Borrower will not make or suffer to exist any loan, advance or extension of credit to any Person except (a) Permitted Indebtedness, (b) Permitted Investments, (c) trade and customer accounts receivable which are for goods furnished or services rendered in the ordinary course of business and which are payable in accordance with customary trade terms terms, (b) Permitted Loans and Investments, and (dc) advances to employees of the Borrower and its Subsidiaries for payment of reasonable expenses in the ordinary course of business.
Appears in 2 contracts
Samples: Credit Agreement (Reef Oil & Gas Income & Development Fund III LP), Credit Agreement (Gateway Energy Corp/Ne)
Loans and Advances to Others; Investments; Restricted Payments; Subsidiaries. 7.8.1. 7.8.1 The Borrower will not make or suffer to exist any loan, advance or extension of credit to any Person except (a) Permitted Indebtedness, (b) Permitted Investments, (c) trade and customer accounts receivable which are for goods furnished or services rendered in the ordinary course of business and which are payable in accordance with customary trade terms and (d) advances to employees of the Borrower and its Subsidiaries for payment of reasonable expenses in the ordinary course of business.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Lilis Energy, Inc.), Credit and Guaranty Agreement (Lilis Energy, Inc.)
Loans and Advances to Others; Investments; Restricted Payments; Subsidiaries. 7.8.1. (i) The Borrower will not make or suffer to exist any loan, advance or extension of credit to any Person except (a) Permitted Indebtedness, (b) Permitted Investments, (c) trade and customer accounts receivable which are for goods furnished or services rendered in the ordinary course of business and which are payable in accordance with customary trade terms terms, (b) Permitted Investments, and (dc) advances to employees of the Borrower and its Subsidiaries for payment of reasonable expenses in the ordinary course of business.
Appears in 2 contracts
Samples: Credit Agreement (Lynden Energy Corp.), Credit Agreement (Reef Oil & Gas Drilling & Income Fund, L.P.)
