Loans or Investments. (a) Neither the Borrower nor any Surety or any Consolidated Subsidiary will make any loan, advance or extension of credit to or capital or equity investment in, any Person, except: (i) credit extended under usual and customary terms in the ordinary course of business of the Borrower, any Surety or any Consolidated Subsidiary; (ii) loans, advances or credit between the Borrower or any Surety and any of the Eligible Subsidiaries or capital or equity investments by Borrower in any of the Eligible Subsidiaries; (iii) loans, advances or credit by the Borrower to, or capital or equity investments by Borrower in, any of its Consolidated Subsidiaries (other than the Eligible Subsidiaries), provided that any such loan, advance, extension of credit, capital investment or equity investment by the Borrower is made with the proceeds of dividends or distributions made to the Borrower by its Consolidated Subsidiaries which are not Eligible Subsidiaries and which do not comprise any part of the coal division of the Borrower; (iv) credit extended by the Borrower or any of its Consolidated Subsidiaries in connection with the sale or disposition of (A) Non-Core Assets, or (B) other Property not used or intended to be used in the business of the Borrower and its Consolidated Subsidiaries, provided that the amount of all such credit at any one time outstanding for the Borrower and all of its Consolidated Subsidiaries pursuant to this clause (iv)(B) shall not exceed $1,000,000 in the aggregate; (v) credit extended or advanced pursuant to the provisions of leases of mining property, mining contracts, coal purchase contracts, arrangements with railroads with respect to the construction of sidings for unit train loadout or similar agreements, or in connection with agreements with third parties for the production or processing of coal owned or leased by the Borrower or any Surety not in excess of $1,000,000 in the aggregate at any time outstanding for the Borrower and its Consolidated Subsidiaries; (vi) loans to contract miners which do not exceed $250,000 at any time outstanding to any contract miner or $750,000 at any time outstanding in the aggregate for all contract miners; and (vii) other loans to employees for travel and similar advances to employees and independent contractors not exceeding for the Borrower and its Consolidated Subsidiaries $100,000 in the aggregate at any one time outstanding; provided, however, that in each case (other than with respect to loans or investm...
Loans or Investments. Trillium has not made any loan, advance or capital contribution to or investment in any Person other than loans in the ordinary course of business;
Loans or Investments. Make or agree to make any loans, advances (other than prepaid expenses) or other extensions of credit of any kind or nature to, or any investments of any kind or nature in, any Person (including any Subsidiary) in an aggregate amount for all Persons not to exceed [*****] at one or more times for all such loans, advances and investments, provided that no such advance, loan or investment shall be made at any time that any Event of Default has occurred and is continuing, or any material default or other material event or condition which, with the giving of notice, the lapse of time or both would constitute an Event of Default, shall have occurred and be continuing. Notwithstanding the foregoing, Epix may make short-term investments in instruments consistent with Epix’s Investment Policy in the form attached as Exhibit D, as the same may be amended, restated or modified from time to time in form reasonably acceptable to Schering and upon approval of Epix’s Audit Committee.
Loans or Investments. Implants, B.V., Osteotech Implants, B.V., Osteotech/Cam Services, B.V., Osteotech, S.A. or OST Developpement without the prior written consent of Lender or (b) in excess of $50,000.00 in the aggregate outstanding at any given time to any unrelated entity if there then exists a Default or any amount outstanding on Loan I without the prior written consent of Lender.
Loans or Investments. The Borrower is not to make any advances or loans in excess of $50,000.00 in the aggregate to any unrelated entity if there then exists a Default or any amount outstanding on Loan I without the prior written consent of Lender.
Loans or Investments. Purchase or hold beneficially any stock, other securities or evidences of indebtedness of any loans or advances to, or make any investment or acquire any interest whatsoever in, any other person, firm or corporation, except investments disclosed on the Borrower's Historical Financial Statements or acceptable to the Bank.
Loans or Investments. From the date of the Agreement, the Borrower is not to make any new advances or loans (a) in excess of $100,000.00 in the aggregate outstanding at any given time to Osteotech, B.V., H.
Loans or Investments. Except with respect to loans and investments set forth on Schedule II no Loan Party shall make and no Loan Party shall enter into an agreement to make any loans to or investments in any Person other than (i) loans and advances to physicians for reasonable travel relocation and business expenses in the ordinary course of business so long as (1) all such loans and advances comply with all applicable laws and regulations (including without limitation the Sarbanes Oxley Act of 2002 and any successor laws or regulations as amended from time to time) and (2) the aggregate outstanding amount of all such loans and advances does not exceed $250 000 at any time outstanding during the term of this Agreement and (ii) loans and advances made by the Parent to any Borrower or by any Borrower to any other Borrower so long as such loans or advances are (1) unsecured
Loans or Investments. No Loan Party shall make any Investment other than a Permitted Investment.
Loans or Investments. Except with respect to loans and investments set forth on Schedule II and transactions permitted by Section 9.15 below, no Loan Party shall make, and no Loan Party shall enter into an agreement to make, any loans to or investments in any Person (other than a Borrower), other than loans and advances for reasonable travel, relocation and business expenses in the ordinary course of business, so long as (1) all such loans and advances comply with all applicable laws and regulations (including, without limitation, the Sarbanes Oxley Act of 2002 and any successor laws or regulations, as amended from time to time) and (2) the aggregate outstanding amount of all such loans and advances does not exceed $250,000 at any time outstanding during the term of this Agreement.
