Loans to Directors. Without limiting the generality of the foregoing, it is expressly declared that the Directors shall have power to make such loans to Directors and to provide such guarantees and security for obligations undertaken by, Directors, as may be permitted by the Law, and by resolution of the Company, but not otherwise.
Loans to Directors. No loan of money or property or any advance of services to be performed in the future shall be made to any officer or director of the Cooperative.
Loans to Directors. The Company may not lend money to or guarantee the obligation of a Director of the Company unless the particular loan or guarantee is approved by the shareholders, with the holders of a majority of the shares entitled to vote thereon constituting a quorum, but shares held of record or beneficially by Directors who are benefited by such loan or guarantee shall not be entitled to vote or to be included in the determination of a quorum.
Loans to Directors. 12.1 There is not outstanding:
(a) any loan made by any of the Companies to, or debt owing to any of the Companies by, any of the Vendors or any director of any of the Companies or any person connected with any of them as described in section 839 of the Taxes Act (including the meaning of "control") defined in section 840 of that Act);
(b) any agreement or arrangement to which any of the Companies is a party and in which any of the Vendors or any director of any of the Companies or any person connected with any of them as mentioned in paragraph (a) above is interested; or
(c) any agreement or arrangement between any of the Companies and any company of which it is a subsidiary or another subsidiary of any such company (including, but not limited to, any such agreement or arrangement under which any of the Companies are, or may in the future become, liable to pay any service, management or similar charge to make any payment of interest or in the nature of interest) and any of the Companies have not entered into any transaction (save in the ordinary course of trade) with any person connected with it or with any of its directors as mentioned in paragraph (a) above which has had a material effect on the results of any of the Companies for any of the last six years.
Loans to Directors. The Corporation may not lend money to, or guarantee the obligation of a Director of, the Corporation unless: (a) the specific loan or guarantee is approved by a majority of the votes represented by the outstanding voting shares of all classes, voting as a single voting group, except the votes of shares owned by or voted under the control of the benefited Director; or (b) the Corporation’s Board of Directors determines that the loan or guarantee benefits the Corporation and either approves the specific loan or guarantee or a general plan authorizing loans and guarantees. The fact that a loan or guarantee is made in violation of this Section shall not affect the borrower’s liability on the loan.
Loans to Directors. The Corporation shall make no advancements for services to be performed in the future, nor any loan of money or property to any director or officer of the Corporation.
Loans to Directors. A loan shall not be made by the Corporation to any director unless it is authorized by vote of the stockholders. For this purpose, the shares of the director who would be the borrower shall not be shares entitled to vote.
Loans to Directors. All loans by the Company to its directors shall have been cancelled or paid in full.
Loans to Directors. Except as set forth in Schedule 4.22 attached hereto, NFD has no loan or Debt outstanding (other than the normal salaries, bonuses, fringe benefits and obligations to reimburse for expenses incurred on behalf of NFD in the normal course of employment) which has been made to any director, officer, shareholder, or employee, to any former director, officer, shareholder, or employee of NFD or to any Person not dealing at arm's length with any of the foregoing.
Loans to Directors. Neither the Parent nor any Obligor shall make any loan to any director, officer or manager without the prior written consent of the Agent.
