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: Assignment Agreement (Enstar Group LTD), Assignment Agreement (Enstar Group LTD)

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Loans or credit. 22.16.1 Except as permitted under Clause 22.16.2 below22.16.2, 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: Facilities Agreement (MiX Telematics LTD), Facilities Agreement (PowerFleet, Inc.)

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.

Appears in 1 contract

Samples: Restatement Agreement (Claires Stores 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.

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

Loans or credit. 22.16.1 27.17.1 Except as permitted under Clause 22.16.2 27.17.2 below, no Obligor shall (and the Borrower Company shall ensure that no member of the Group will) be a creditor in respect of any Financial Indebtedness.

Appears in 1 contract

Samples: Facility Agreement (Edgen Murray PLC)

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.

Appears in 1 contract

Samples: Agreement (AVG Technologies N.V.)

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: Harmony Gold Mining Co LTD

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)

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Loans or credit. 22.16.1 23.14.1 Except as permitted under Clause 22.16.2 23.14.2 below, no Obligor shall (and the Borrower Parent shall ensure that no member of the Group Material Company will) be a creditor in respect of any Financial Indebtedness.

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

Loans or credit. 22.16.1 23.9.1 Except as permitted under Clause 22.16.2 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: Common Terms Agreement (Harmony Gold Mining Co LTD)

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 (a) Except as permitted under Clause 22.16.2 clause 23.15(b) 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 1 contract

Samples: Enstar Group LTD

Loans or credit. 22.16.1 23.15.1 Except as permitted under Clause 22.16.2 23.15.2 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.

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

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