Common use of Loans and Other Advances Clause in Contracts

Loans and Other Advances. The Borrower shall not make, and the Borrower shall not allow any Subsidiary of the Borrower to make, loans or other advances of funds, except that (i) the Borrower may make loans or other advances to a wholly owned Subsidiary created pursuant to Section 6.6 to fund acquisitions permitted by Section 6.6 and (ii) Holdings may advance funds to the Borrower under and pursuant to the Holdings Credit Agreement.

Appears in 2 contracts

Samples: Guaranty Agreement (Universal Stainless & Alloy Products Inc), Credit Agreement (Universal Stainless & Alloy Products Inc)

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Loans and Other Advances. The Borrower shall not makenot, and nor shall ------------------------ the Borrower shall not allow any Subsidiary of the Borrower Holdings to make, make loans or other advances of funds, except that (i) the Borrower may make loans or other advances to a wholly owned Subsidiary created pursuant to Section 6.6 6.7 to fund acquisitions permitted by Section 6.6 6.7 and (ii) Holdings may advance funds to the Borrower under and pursuant to the Holdings Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Universal Stainless & Alloy Products Inc)

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Loans and Other Advances. The Borrower shall not make, and the Borrower shall not allow any Subsidiary of the Borrower to make, loans or other advances of funds, except that (i) the Borrower may make loans or other advances to a wholly owned Subsidiary created pursuant to Section 6.6 6.7 to fund acquisitions permitted by Section 6.6 6.7 and (ii) Holdings may advance funds to the Borrower under and pursuant to the Holdings Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Universal Stainless & Alloy Products Inc)

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