Common use of Loans or credit Clause in Contracts

Loans or credit. 22.16.1 Except as permitted under Clause 22.16.2 below, no Obligor shall (and the Borrower shall ensure that no member of the Group will) be a creditor in respect of any Financial Indebtedness.

Appears in 2 contracts

Samples: Term Facility Agreement (Enstar Group LTD), Term Facility Agreement (Enstar Group LTD)

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Loans or credit. 22.16.1 21.14.1. Except as permitted under Clause 22.16.2 belowclause 21.14.2, no Obligor shall (and the Borrower shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Drdgold LTD)

Loans or credit. 22.16.1 25.15.1 Except as permitted under Clause 22.16.2 25.15.2 below, no Obligor shall (and the Borrower Company shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness. 25.15.2 Clause 25.15.1 does not apply to a Permitted Loan or a Permitted Transaction.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Claires Stores Inc)

Loans or credit. 22.16.1 23.9.1. Except as permitted under Clause 22.16.2 clause 23.9.2 below, no Obligor shall (and the Borrower shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness.

Appears in 1 contract

Samples: Term and Revolving Credit Facilities Agreement (Harmony Gold Mining Co LTD)

Loans or credit. 22.16.1 (1) Except as permitted under Clause 22.16.2 clause 23.9(2) below, no Obligor shall (and the Borrower shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness. (2) Clause 23.9(1) above does not apply to Permitted Loans;

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Harmony Gold Mining Co LTD)

Loans or credit. 22.16.1 22.9.1 Except as permitted under Clause 22.16.2 below22.9.2, no Obligor shall (and the Borrower Company shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness. 22.9.2 Clause 22.9.1 does not apply to a Permitted Loan.

Appears in 1 contract

Samples: Term Loan and Multicurrency Revolving Facilities Agreement (AVG Technologies N.V.)

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Loans or credit. 22.16.1 23.18.1 Except as permitted under Clause 22.16.2 below23.18.2, no Obligor shall (and the Borrower shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness.

Appears in 1 contract

Samples: Facilities Agreement (Lesaka Technologies Inc)

Loans or credit. 22.16.1 22.15.1 Except as permitted under Clause 22.16.2 22.15.2 below, no Obligor shall (and the Borrower shall ensure that no member of the Group will) be a creditor in respect of any Financial Indebtedness. 22.15.2 Clause 22.15.1 above does not apply to:

Appears in 1 contract

Samples: Term Facility Agreement (Enstar Group LTD)

Loans or credit. 22.16.1 23.18.1 Except as permitted under Clause 22.16.2 Clause 23.18.2 below, no Obligor shall (and the Borrower shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness.

Appears in 1 contract

Samples: Loan Agreement (Net 1 Ueps Technologies Inc)

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