Common use of Loans out Clause in Contracts

Loans out. The Borrower shall not be a creditor in respect of any Financial Indebtedness. This restriction does not apply to: 20.12.1. Financial Indebtedness owed to the Borrower under a Shareholder Loan; 20.12.2. loans made with the express prior consent of the Lender.

Appears in 4 contracts

Sources: Term Loan Facility Agreement (Harmony Gold Mining Co LTD), Term Loan Facility Agreement (Harmony Gold Mining Co LTD), Term Loan Facility Agreement (Harmony Gold Mining Co LTD)