Common use of Loans by Loan Parties Clause in Contracts

Loans by Loan Parties. No Loan Party has made any loans or advances to any Affiliate or other Person except for advances authorized hereunder to employees, officers and directors of each Loan Party for travel and other expenses arising in the ordinary course of such Loan Party's business.

Appears in 2 contracts

Samples: Loan and Security Agreement (S&W Seed Co), Loan and Security Agreement (S&W Seed Co)

AutoNDA by SimpleDocs

Loans by Loan Parties. No Loan Party has made any loans or advances to any Affiliate or other Person except for advances authorized hereunder to employees, officers and directors of each such Loan Party for travel and other expenses arising in the ordinary course of such Loan Party's businessbusiness and loans permitted pursuant to subsection 13(f) hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Poindexter J B & Co Inc)

Loans by Loan Parties. No Loan Party has made any loans or advances to any Affiliate or other Person except for advances authorized hereunder to employees, officers and directors of each such Loan Party for travel and other expenses arising in the ordinary course of such Loan Party's business’s business and loans permitted pursuant to subsection 13(f) hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Coachmen Industries Inc)

Loans by Loan Parties. No Loan Party has made any loans or advances to any Affiliate or other Person except for (i) Existing Indebtedness, (ii) advances authorized hereunder to employees, officers and directors of each a Loan Party for travel and other expenses arising in the ordinary course of such Loan Party's business’s business and (iii) Affiliate Funding Transactions.

Appears in 1 contract

Samples: Line of Credit, Guarantee and Security Agreement (Blue Dolphin Energy Co)

AutoNDA by SimpleDocs

Loans by Loan Parties. No Loan Party has made any loans or advances to any Affiliate or other Person except for advances authorized hereunder to employees, officers and directors of each such Loan Party for travel and other expenses arising in the ordinary course of such Loan Party's business’s business and loans permitted pursuant to Section 13.6.

Appears in 1 contract

Samples: Loan and Security Agreement (Katy Industries Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!