Loans and credit. No Owner shall make, grant or permit to exist any loans or any credit by it to anyone else other than:
(a) loans or credit to another Owner permitted under clause 28.2 (Financial Indebtedness); and
(b) trade credit granted by it to its customers on normal commercial terms in the ordinary course of its trading activities.
Loans and credit. Neither the Borrower nor the Owner shall make, grant or permit to exist (i) any loans or any credit by it to anyone else or (ii) any guarantee in respect of the indebtedness of any person, other than:
Loans and credit. No Owner shall be a creditor in respect of Financial Indebtedness other than in respect of trade credit granted by it in the ordinary course of business.
Loans and credit. The Borrower shall not make, grant or permit to exist any loans or any credit by it to anyone else other than trade credit granted by it to its customers on normal commercial terms in the ordinary course of its business and any loans made from amounts standing to the credit of the Distribution Account.
Loans and credit. Make any loans, grant any credit (save in the ordinary course of business) or give any guarantee or indemnity for any loans or credit (except as required hereby) to or for the benefit of any person or otherwise voluntarily assume any liability, whether actual or contingent, in respect of any obligation of any other person (collectively, “Credit”) other than:
16.2.1 Credit existing at the Signature Date and disclosed in the Original Financial Statements;
Loans and credit. No Guarantor shall be a creditor in respect of Financial Indebtedness other than in respect of:
(a) loans or credit to another Obligor permitted under clause 29.3 (Financial Indebtedness); and
(b) trade credit granted by it to its customers on normal commercial terms in the ordinary course of its trading activities.
Loans and credit save in the ordinary course of business it will not and will procure that no other Group Company will make any loans, grant any credit or give any guarantee or indemnity (except as required hereby or in respect of the Hedging Agreements) to or for the benefit of any person (other than another Group Company) or otherwise voluntarily assume any liability, whether actual or contingent, in respect of any obligation of any other person being in an amount exceeding (Pounds)2,500,000 (or its equivalent in other currencies) in aggregate at any one time;
Loans and credit. 21.13.1 The Obligors may not (and shall ensure that any member of the Titan Group will not) make any loans, provide any credit or issue any guarantee other than Permitted Loans.
21.13.2 Clause 21.13.1 above shall not apply to Permitted Loans.
Loans and credit. Neither the Borrower nor any Upstream Guarantors shall, make, grant or permit to exist any loans or any credit by it to anyone else other than:
(a) loans or credit to either the Borrower or any other Upstream Guarantor; and
(b) trade credit granted by it to its customers on normal commercial terms in the ordinary course of its trading activities.
