Loans or Guarantees Sample Clauses
The "Loans or Guarantees" clause defines the terms under which one party may provide financial assistance, such as loans or guarantees, to another party within the context of the agreement. This clause typically outlines the conditions, limitations, and approval processes for extending credit or guaranteeing obligations, and may specify the types of transactions covered, such as intercompany loans or third-party guarantees. Its core practical function is to regulate and control the financial exposure and risk associated with lending or guaranteeing debts, thereby protecting the interests of the parties involved and ensuring compliance with internal policies or legal requirements.
POPULAR SAMPLE Copied 1 times
Loans or Guarantees. The making of any loans or advances to, guarantees for the benefit of, or investments in, any person or entity (other than a wholly-owned Subsidiary);
Loans or Guarantees. Make, or permit the LIPA Subsidiary to make, any advances, loans or other investments, other than those involving prime money market investments or investments otherwise authorized under the terms of this GR Reimbursement Agreement, the General Resolution or the Subordinated Resolution, or guarantee the obligations of any Person; or
Loans or Guarantees. The Company may, in its absolute discretion and without any obligation to do so, assist Optionee in the exercise of this option by (i) authorizing the extension of a loan to Optionee from the Company, (ii) permitting Optionee to pay the option price for the purchased Common Stock in installments over a period of years, or (iii) authorizing a guarantee by the Company of a third party loan to Optionee. The terms of any loan, installment method of payment or guarantee (including the interest rate, the collateral requirements and terms of repayment) shall be established by the Company in its sole discretion.
Loans or Guarantees. The corporation shall not borrow money and no evidence of indebtedness shall be issued in its name unless authorized by the board of directors. This authority may be general or confined to specific instances. Except as explicitly permitted by ORS 65.364, the corporation shall not make a loan, guarantee an obligation or modify a pre‑existing loan or guarantee to or for the benefit of a director or officer of the corporation.
Loans or Guarantees. The Borrower shall not make or allow to subsist any loans, grant any credit or give or allow to remain outstanding any guarantee or indemnity to any third party (except for the loans granted by the Borrower under the cash pool arrangement as permitted in Clause 20.17(c)) other than ordinary course of business. No other Obligor shall (and the Borrower shall ensure that no other member of the Group will) make or allow to subsist any loans, grant any credit or give or allow to remain outstanding any guarantee or indemnity to or for the benefit of any person (other than (i) to or for a Subsidiary, its parent or an Affiliate, (ii) in the ordinary course of business, or (iii) as required under any Finance Document) or otherwise voluntarily assume any liability, whether actual or contingent, in respect of any obligation of any person.
Loans or Guarantees. The Board may, in its absolute discretion and without any obligation to do so, assist Indemnitee in the exercise of this Option by:
(i) authorizing the extension of a loan of Indemnitee from EMTA; or
(ii) authorizing a guaranty by EMTA of a third-party loan to Indemnitee. The terms of any loan, installment, method of payment or guaranty (including the interest rate and terms of repayment) shall be established by the Board, in its sole discretion.