LOANS AND OTHER TRANSACTIONS. “MANAGER” acknowledges that “AMSTAR” is the owner of all branch loan files, including all loan applications, logs, financial data and paperwork submitted by the borrowers. “MANAGER” agrees to submit to “AMSTAR” all loan requests and applications acquired by or prepared by “MANAGER and/or his/her staff during the period of employment as needed. If terminated, “ MANAGER” agrees to submit at his/her cost all loan documents, applications, loan logs, and financial data within 10 days to the home office. “MANAGER” cannot purchase or sale real property secured by a mortgage to be originated by “MANAGER’S” branch, unless express written permission is given by “AMSTAR” and by notifying the Mortgage Lender in writing prior to such transaction. The “MANAGER” cannot transfer any loans to any other lender.
LOANS AND OTHER TRANSACTIONS. 10 Section 2.12 INSURANCE.................................................10 Section 2.13 CONTRACTS, OBLIGATIONS AND COMMITMENTS....................11 Section 2.14 LABOR AGREEMENTS..........................................11 Section 2.15
LOANS AND OTHER TRANSACTIONS. GOLV has not made any loan to any of its shareholders, directors, officers or employees, nor is any such person a party to any material transaction or contract with GOLV, except in each case as set forth in Schedule C.
LOANS AND OTHER TRANSACTIONS. Except as otherwise provided in this Agreement, (i) guaranty or otherwise become contingently liable for the indebtedness or obligations of any person or entity, or (iii) make any loans or advances, or otherwise extend credit to any person, except:
(i) any advance to an officer or employee of Borrower for travel or other business expenses in the ordinary course of business, provided that the aggregate amount of all such advances by Borrower outstanding at any time shall not exceed Ten Thousand Dollars ($10,000);
(ii) the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business;
(iii) trade credit extended to customers in the ordinary course of business.
LOANS AND OTHER TRANSACTIONS by the Agent and its Affiliates. The Agent shall have the same rights and powers with respect to (a) the Loans made by it or any of its Affiliates, (b) the Notes held by it or any of its Affiliates, and (c) participations held by it or any of its Affiliates in Letters of Credit, as any Lender and may exercise the same as if it were not the Agent. ING and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower and its Subsidiaries or any Person who may do business with or own securities of the Borrower, all as if ING were not the Agent and without any duty to account therefor to the Lenders. The Lenders hereby acknowledge that a Subsidiary of ING holds securities of the Borrower that as of the Closing Date are exercisable for a material amount of the common stock of the Borrower, and each such Lender acknowledges that such Subsidiary of ING may act with respect to such securities and any common stock for which such securities are exercisable for its own account, all as if ING were not the Agent and without any duty to account therefor to the Lenders, and neither the Agent nor any of its Affiliates shall have any liability, obligation or duty to the Lenders with respect to such securities or any action taken in respect thereof.
LOANS AND OTHER TRANSACTIONS. Seller has not made any loan to any of its directors, officers or employees, nor is any such person a party to any material transaction or contract with any Seller.
LOANS AND OTHER TRANSACTIONS. (Investments, Loans and Other Transactions), including, without limitation, the issuance of equity by any Subsidiary to the Borrower or another Subsidiary; (v)the use and disposition of Net Casualty Proceeds, but only as and to the extent permitted by the provisions of SECTION (X) APPLICATION OF NET CASUALTY PROCEEDS. (Application of Net Casualty Proceeds); (vi)
LOANS AND OTHER TRANSACTIONS. (Investments, Loans and Other Transactions), (xiii)Indebtedness of the Borrower and Xxxxx UK under the Norwich Stock Purchase Agreement, and.
LOANS AND OTHER TRANSACTIONS by the Agent and its Affiliates. The Agent shall have the same rights and powers with respect to (a) the Loans made by it or any of its Affiliates, and (b) the Notes held by it or any of its Affiliates, as any Lender and may exercise the same as if it were not the Agent. ING and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower and its Subsidiaries or any Person who may do business with or own securities of the Borrower, all as if ING were not the Agent and without any duty to account therefor to the Lenders.
LOANS AND OTHER TRANSACTIONS. Except as otherwise provided in this Agreement, neither of the Borrowers will, and nor will either of them permit any of its Subsidiaries to, (a) guaranty or otherwise become contingently liable for the Indebtedness or obligations of any Person (other than a Subsidiary), or (b) make any loans or advances, or otherwise extend credit to any Person, except:
(i) any advance to an officer or employee of either Borrower or any Subsidiary, provided that the maximum amount of any such advance to one individual shall not exceed $150,000 and the aggregate amount of all such advances by all of the Borrowers and their Subsidiaries (taken as a whole) outstanding at any time shall not exceed Five Hundred Thousand Dollars ($500,000);
(ii) the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business; and
(iii) loans to any officers or employees pursuant to MART's Restricted Stock Plan so long as such loans in the aggregate shall not exceed $2,150,000 outstanding at any time.
