Common use of Loans or credit Clause in Contracts

Loans or credit. (a) Except as permitted under paragraph (b) below, Borrower shall not (and shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness. (b) Paragraph (a) above does not apply to: (i) a loan made by a member of the Group while no Event of Default is continuing or would result from the making of such loan, which when aggregated with the principal amount of any other loans made under this paragraph does not in any Financial Year of Borrower, exceed $5,000,000 or its equivalent; or (ii) a Permitted Loan or a Permitted Transaction.

Loans or credit. (a) Except as permitted under paragraph (b) below, the Borrower shall not (and shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness. (b) Paragraph (a) above does not apply to: (i) a loan made by a member of the Group while no Event of Default is continuing or would result from the making of such loan, which when aggregated with the principal amount of any other loans made under this paragraph does not in any Financial Year of the Borrower, exceed $5,000,000 or its equivalent; or (ii) a Permitted Loan or a Permitted Transaction.

Loans or credit. (a) Except as permitted under paragraph (b) below, the Borrower shall not (and shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness. (b) Paragraph (a) above does not apply to: (i) a loan made by a member of the Group while no Event of Default is continuing or would result from the making of such loancontinuing, which when aggregated with the principal amount of any other loans made under this paragraph does not in any Financial Year of the Borrower, exceed $5,000,000 CZK125,000,000 or its equivalentequivalent subject to Clause 22.21 (Baskets); or (ii) a Permitted Loan or a Permitted Transaction.