Loans or credit. 22.16.1 Except as permitted under Clause 22.16.2, no Obligor shall be a creditor in respect of any Financial Indebtedness. 22.16.2 Clause 22.16.1 does not apply to a Permitted Loan.
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Samples: Facilities Agreement, Facilities Agreement (MiX Telematics LTD), Facilities Agreement (PowerFleet, Inc.)
Loans or credit. 22.16.1 21.16.1 Except as permitted under Clause 22.16.221.16.2, no Obligor shall be a creditor in respect of any Financial Indebtedness.
22.16.2 Clause 22.16.1 does not apply to a Permitted Loan.
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Loans or credit. 22.16.1 (a) Except as permitted under Clause 22.16.2clause 21.18(b), no Obligor shall be a creditor in respect of any Financial Indebtedness.
22.16.2 (b) Clause 22.16.1 21.18(a) does not apply to a any Permitted LoanLoans.
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