LOANS, INVESTMENTS, SECONDARY LIABILITIES. Make any loans or advances to any person or other entity other than in the ordinary and normal course of its business as now conducted or make any investment in the securities of any person or other entity other than the United States Government; or guarantee or otherwise become liable upon the obligation of any person or other entity, except by endorsement of negotiable instruments for deposit or collection in the ordinary and normal course of its business.
LOANS, INVESTMENTS, SECONDARY LIABILITIES. Make or permit to ---------------------------------------------- remain outstanding, or permit any Subsidiary to make or permit to remain outstanding, any loan or advance to, or guarantee, induce or otherwise become contingently liable, directly or indirectly (except as permitted by Section -------- 6.2(e)), in connection with the obligations, stock or dividends of, or own, ------ purchase or acquire any stock, obligations or securities of or any other interest in, or make any capital contribution to, any other Person, except that Borrower and its Subsidiaries may:
(i) own, purchase or acquire certificates of deposit issued by Bank, or any other commercial bank having combined assets in excess of $500,000,000 ("Qualified Banks"), repurchase agreements entered into with Qualified Banks, commercial paper issued by issuers rated Moody's P-1, corporate bonds issued by issuers rated Moody's A or better, municipal bonds rated Xxxxx'x XX or better, direct obligations of the United States of America or its agencies, obligations guaranteed by the United States of America, or shares of mutual funds or other investment funds that invest solely in one or more of the foregoing;
(ii) continue to own the existing capital stock of Borrower's Subsidiaries ;
(iii) endorse negotiable instruments for deposit or collection or similar transactions in the ordinary course of business;
(iv) allow Borrower and Borrower's Subsidiaries to make or permit to remain outstanding advances from Borrower's Subsidiaries to Borrower, or visa versa;
(v) make or permit to remain outstanding loans and advances to any of its officers, employees, directors and shareholders or enter into or permit to remain outstanding guarantees in connection with the obligations of any of its officers, directors and shareholders, in an aggregate amount for all such loans, advances and guarantees not exceeding $5,000,000 outstanding at any one time;
(vi) continue to own those investments existing on the date of this Agreement that are described on Schedule 6.2(g)(vi); -------------------
(vii) make the Permitted Acquisitions; and
(viii) make additional investments in an aggregate amount not to exceed $25,000,000.
LOANS, INVESTMENTS, SECONDARY LIABILITIES. Other than in the ordinary course of business, (a) not to make any loans or advances to any Person; (ii) make any investment in the securities of any Person; (iii) guarantee or otherwise become liable upon the obligation of any Person which is not an Affiliate or Subsidiary of Borrower, except by endorsement of negotiable instruments for deposit or collection in the ordinary and normal course of its business.
LOANS, INVESTMENTS, SECONDARY LIABILITIES. With the exception of Permitted Acquisitions, make or permit to remain outstanding, or permit any Subsidiary to make or permit to remain outstanding, any loan or advance to, or guarantee, induce or otherwise become contingently liable, directly or indirectly, in connection with the obligations, stock or dividends of, or own, purchase or acquire any stock, obligations or securities of or any other interest in, or make any capital contribution to, any other Person, in an aggregate amount at any time, collectively among the Borrower and its Subsidiaries, in excess of $1,000,000 except that the Borrower and its Subsidiaries may, without limitation as to the dollar amount of any such transactions (except as expressly provided below):
(i) own, purchase or acquire certificates of deposit issued by the Agent or any Lender, commercial paper rated Xxxxx'x P-1, municipal bonds rated Xxxxx'x XX or better, direct obligations of the United States of America or its agencies, and obligations guaranteed by the United States of America;
(ii) continue to own the existing capital stock of the Borrower's Subsidiaries;
(iii) endorse negotiable instruments for deposit or collection or similar transactions in the ordinary course of business;
(iv) allow the Borrower's Subsidiaries to make or permit to remain outstanding advances from the Borrower's Subsidiaries to the Borrower;
(v) make or permit to remain outstanding loans or advances to any of Borrower's Subsidiaries not guaranteeing the repayment of the Loans or the performance of Borrower hereunder (a "Non-guaranteeing Subsidiary") or enter --------------------------- into or permit to remain outstanding guarantees in connection with the obligations of the Borrower's Non-guaranteeing Subsidiaries, provided that such loans and advances shall be limited to those arising in the ordinary course of Borrower's business and the aggregate amount of such loans or guarantees by the Borrower outstanding at any time shall not exceed $500,000; and
(vi) make or permit to remain outstanding loans and advances to any of its officers, directors and shareholders or enter into or permit to remain outstanding guarantees in connection with the obligations of any of its officers, directors and shareholders, in an aggregate amount for all such loans, advances and guarantees not exceeding $500,000 outstanding at any one time.
LOANS, INVESTMENTS, SECONDARY LIABILITIES. Make any loans or advances to any person or other entity other than in the ordinary and normal course of its business as now conducted or make any investment in securities other than United States Government Treasuries or Agencies, Imperial Bank sponsored paper, or the Monarch Money Market Funds; or guarantee or otherwise become liable upon the obligation of any person or other entity, except by endorsement of negotiable instruments for deposit or collection in the ordinary and normal course of its business.
LOANS, INVESTMENTS, SECONDARY LIABILITIES. Make any loans or advances to any person or other entity other than in the ordinary and normal course of its business as now conducted or make any investment in the securities of any person or other entity other than the United States Government or commercial paper maturing no more than one (1) year from the date of creation thereof and currently having the highest rating obtainable from either Standard & Poor's Corporation or Xxxxx'x Investors Service, Ind., or certificates of deposit maturing more than one (1) year from the date of investment therein issued by Bank; or guarantee or otherwise become liable upon the
LOANS, INVESTMENTS, SECONDARY LIABILITIES. Except as otherwise set forth below, make any loans or advances to any person or other entity, other than to employees for relocation, travel or other business expenses in the normal and ordinary course of its business; or make any investment in the securities of any person or other entity, other than the United States Government or consistent with past practices; or guarantee or otherwise become liable upon the obligations of any other person or entity, except by endorsement of negotiable instruments for deposit or collection in the ordinary and normal course of its business; or make any other investments. This paragraph (vi) shall not prohibit the payment by Borrower of any salaries or bonuses to employees, or the making by Borrower of any loans or advances to employees, in each case in the normal and ordinary course of business of Borrower consistent with past practices, or cash investments by Borrower in any subsidiaries.
LOANS, INVESTMENTS, SECONDARY LIABILITIES. Make any loans or advances to any person or other entity other than in the ordinary and normal course of its business and consistent with past practices or make any investment in the securities of any person or other entity inconsistent with company investment guidelines; or guarantee or otherwise become liable upon the obligation of any person or other entity, except by endorsement of negotiable instruments for deposit or collection in the ordinary and normal course of its business and consistent with past practices. The foregoing will not restrict the Borrower from issuing guarantees or otherwise becoming obligated to its landlords for security deposits. CREDIT AGREEMENT DECEMBER 5, 1997
LOANS, INVESTMENTS, SECONDARY LIABILITIES. Other than Permitted Investments, and investments now existing as shown in Borrower’s balance sheet as of September 30, 2002, or as disclosed in Borrower’s Form 10-K for the fiscal year then ended, make any loans or advances to any person or other entity other than in the ordinary and normal course of its business as now conducted or make any investment in the securities of any person or other entity other than the United States Government; or guarantee or otherwise become liable upon the obligation of any person or other entity, except for Permitted Indebtedness and by endorsement of negotiable instruments for deposit or collection in the ordinary and normal course of its business.
LOANS, INVESTMENTS, SECONDARY LIABILITIES. Make any loans or advances to any Person (including without limitation, any Subsidiary) other than in the ordinary and normal course of Borrower’s business, or make any investment in the securities of any Person other than the United States Government; or guarantee or otherwise become liable upon the obligation of any Person, except by endorsement of negotiable instruments for deposit or collection in the ordinary and normal course of its business, unless previously approved by Bank in writing, which approval shall not be unreasonably withheld.
