Common use of Loans and credit Clause in Contracts

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. No Owner Borrower 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 Group Member permitted under clause 28.2 29.2 (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. No Owner Borrower 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 Group Member 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. 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 Borrower permitted under clause 28.2 29.2 (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. No Owner Borrower 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 Borrower or the Guarantor 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.