Loans to Sample Clauses

Loans to. (a) Zazoo Limited to fund operating costs not exceeding R10,000,000 (or the equivalent in any other currency) in aggregate at any time; and
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Loans to. Vendors There are not outstanding:- 10.2.1 any loans made by the Company to the Vendors and/or any director of the Company and/or any Associate of the Vendors or of any such director; 10.2.2 any debts owing to the Company by the Vendors and/or any director of the Company and/or Associate of the Vendors or of any such director; 10.2.4 any securities for any such loans or debts as aforesaid. 10.3 Net Assets The value of current assets less current liabilities as at Completion is not less than their value as at the Balance Sheet Date. 10.4 Investment, associations and branches The Company:- 10.4.1 is not the holder or beneficial owner of and has not agreed to acquire any class of the share or other capital of any other company or corporation (whether incorporated in the United Kingdom or elsewhere) other than the Subsidiaries; 10.4.2 is not and has not agreed to become a member of any partnership, joint venture, consortium or other unincorporated association; 10.4.3 has no branch outside England and no permanent establishment (as that expression is defined in the respective Double Taxation Relief Orders current at the date hereof) outside the United Kingdom. 10.5 The forecast as at February 1998 was carefully and consistently prepared and does not include any items that cannot reasonably be justified. There is in existence valid documentation supporting the valuation of 9 million pounds sterling (6 million pounds sterling net) of current new business; of 4.4 million pounds sterling of proposed new business; and 6 million pounds sterling of new business opportunity. SEVENTH SCHEDULE PURCHASER'S WARRANTIES The warranties and representations referred to in Clause 6 of the foregoing Agreement are that:-
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Loans to. Transferred Employees Schedule 1.2(g) ........... Loan Guarantees Schedule 1.3(f) ...........
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Loans to a Borrower shall affect or in any manner impair the obligations of a Borrower to pay the Loans (and all related Obligations) incurred by a Borrower which would otherwise be evidenced thereby in accordance with the requirements of this Agreement, and shall not in any way affect the security or guaranties therefor provided pursuant to the various Loan Documents. Any Lender which does not have a Note evidencing its outstanding Loans shall in no event be required to make the notations otherwise described in preceding clause (f). At any time when any Lender requests the delivery of a Note to evidence any of its Loans, the applicable Borrower shall (at its expense) promptly execute and deliver to the respective Lender the requested Note in the appropriate amount or amounts to evidence such Loans
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Loans to. (a) the Kwande Group to fund operating costs not exceeding ZAR2,000,000 (or the equivalent in any other currency) in aggregate at any time; and
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Loans to. Vendors There are not outstanding:- 10.2.1 any loans made by the Company to the Vendors and/or any director of the Company and/or any Associate of the Vendors or of any such director; 10.2.2 any debts owing to the Company by the Vendors and/or any director of the Company and/or Associate of the Vendors or of any such director; 10.2.4 any securities for any such loans or debts as aforesaid. 10.3 Net Assets The value of current assets less current liabilities as at Completion is not less than their value as at the Balance Sheet Date. 10.4 Investment, associations and branches The Company:- 10.4.1 is not the holder or beneficial owner of and has not agreed to acquire any class of the share or other capital of any other company or corporation (whether incorporated in the United Kingdom or elsewhere) other than the Subsidiaries; 10.4.2 is not and has not agreed to become a member of any partnership, joint venture, consortium or other unincorporated association; 10.4.3 has no branch outside England and no permanent establishment (as that expression is defined in the respective Double Taxation Relief Orders current at the date hereof) outside the United Kingdom. SIXTH SCHEDULE TAX INDEMNITIES
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Loans to. Officers andPermit or allow loans to directors, Employees officers, partners, shareholders and employees of both Borrowers to exceed, in the aggregate, the sum of Five Hundred Thousand Dollars ($500,000.00). 6.6 Line of Credit FinancingIncur (a) additional debt which constitutes "line of credit" financing as contemplated by this Agreement, or (b) other interim financing for project acquisition or construction (excluding seller financing), except as permitted under Section 6.1. 6.7 Trademarks and TradeSell, transfer, convey, grant any Names security interest in, or otherwise encumber any existing or hereafter acquired trademarks, service marks or trade names owned by the Borrower. 6.8 Net Operating Loss Permit or allow a Net Operating Loss of more than One Million Dollars ($1,000,000.00) in any quarterly period or in any amount for any two (2) consecutive quarterly periods in any one (1) fiscal year. 6.9 Dividend Payout Make a dividend payment (including both common stock dividends and preferred stock dividends) which is greater than ninety percent (90%) of Funds from Operations or that would otherwise violate the United States federal tax laws governing the qualifications of real estate investment trusts. As used herein, "Funds from Operations" shall mean consolidated net income of MAAC (computed in accordance with GAAP), excluding gains (or losses) from debt restructuring or sales of property, plus depreciation of real property. Upon written pre-approval of the Administrative Agent, exceptions may be made where the Board of Directors of MAAC determines, in good faith, that a special dividend must be paid to avoid taxes due to excess gains from the sale of Property. 6.10 Other Financial Ratiosa) Permit Total Liabilities to exceed sixty-three percent (63%) of the Total Market Value of Assets during the period ending on the 1st day of July, 1997, or to exceed sixty percent (60%) thereof at any time thereafter, or to permit the aggregate amount of Secured Debt to exceed fifty percent (50%) of the Total Market Value of Assets. b) Permit Unsecured Debt to exceed sixty- five percent (65%) of the Total Market Value of Unencumbered Assets during the period ending on the 1st day of July, 1997, or to exceed sixty-two and one-half percent (62 1/2%) of the Total Market Value of Unencumbered Assets at any time thereafter. c) Permit Total Development and Joint Venture Investment to exceed ten percent (10%) of the Total Market Value of Assets.
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Loans to local agencies unable to meet matching requirements; deferred payment agreements 100 § 8687. Revenues available for deferred payments 100
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Related to Loans to

  • Loans to Company Nothing in this Agreement shall prevent any Member from making secured or unsecured loans to the Company by agreement with the Company.

  • Ratable Loans; Types of Advances Each Advance hereunder (other than any Swing Line Loan) shall consist of Revolving Loans made from the several Lenders ratably according to their Pro Rata Shares. The Advances may be Base Rate Advances or Eurocurrency Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9, or Swing Line Loans selected by the Borrower in accordance with Section 2.4.

  • Amount of Revolving Advances Subject to the terms and conditions set forth in this Agreement including Section 2.1(b), each Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender’s Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit or (y) an amount equal to the sum of:

  • Tranche A Loans Unless otherwise agreed to by the Agent in connection with making the initial Loans, to request a Borrowing of Tranche A Loans, the Borrower shall notify the Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of the proposed Borrowing and (b) in the case of an ABR Borrowing, not later than 12:00 p.m., New York City time, on the date of the proposed Borrowing; provided, that any such notice of an ABR Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.03(e) may be given not later than 10:00 a.m., New York City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Agent of a written Borrowing Request in a form approved by the Agent and signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.01(a):

  • Protective Advances and Optional Overadvances (i) Any contrary provision of this Agreement or any other Loan Document notwithstanding (but subject to Section 2.3(d)(iv)), at any time (A) after the occurrence and during the continuance of a Default or an Event of Default, or (B) that any of the other applicable conditions precedent set forth in Section 3 are not satisfied, Agent hereby is authorized by Borrowers and the Lenders, from time to time, in Agent’s sole discretion, to make Revolving Loans to, or for the benefit of, Borrowers, on behalf of the Revolving Lenders, that Agent, in its Permitted Discretion, deems necessary or desirable (1) to preserve or protect the Collateral, or any portion thereof, or (2) to enhance the likelihood of repayment of the Obligations (other than the Bank Product Obligations) (the Revolving Loans described in this Section 2.3(d)(i) shall be referred to as “Protective Advances”).

  • Revolving Advances Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Ratable Loans Each Advance hereunder shall consist of Loans made from the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment.

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