Loans to and Investments in Others. The Company shall not (except for the advancement of money for expenses in the ordinary course of business) make, or permit any Subsidiary to make, any loans or advances to any person or entity or have outstanding any investment in any entity, whether by way of loan or advance to, or by the acquisition of the capital stock, assets or obligations of or any interest in, any person or entity.
Appears in 4 contracts
Samples: Preferred Stock Purchase Agreement (State Communications Inc), Preferred Stock Purchase Agreement (State Communications Inc), Preferred Stock Purchase Agreement (State Communications Inc)
Loans to and Investments in Others. The Company and any Company Subsidiary shall not (except for prepaid expenses, deposits and the advancement of money for expenses in the ordinary course of businessto employees) make, or permit any other Company Subsidiary to make, make any loans or advances to any person or entity or have outstanding any investment in any entity, whether by way of loan or advance to, or by the acquisition of the capital stock, assets or obligations of or any interest in, any person or entity.advance
Appears in 2 contracts
Samples: Debenture and Note Purchase Agreement (Safeguard Health Enterprises Inc), Debenture and Note Purchase Agreement (Anderson Jack R)
