Loans to Officers. Except as otherwise prohibited under applicable law, the corporation may lend money to, or guarantee any obligation of, or otherwise assist any officer or other employee of the corporation or of its subsidiaries, including any officer or employee who is a director of the corporation or its subsidiaries, whenever, in the judgment of the Board of Directors, such loan, guarantee or assistance may reasonably be expected to benefit the corporation. The loan, guarantee or other assistance may be with or without interest and may be unsecured, or secured in such manner as the Board of Directors shall approve, including, without limitation, a pledge of shares of stock of the corporation. Nothing in these Bylaws shall be deemed to deny, limit or restrict the powers of guaranty or warranty of the corporation at common law or under any statute.
Loans to Officers. Borrower shall not make any loan or advance directly or indirectly for the benefit of any past, present, or future stockholder, director, officer, executive, manager, member, partner or employee of Borrower, other than employee relocation loans, employee bridge loans and other incidental loans to employees, all in the ordinary course of business.
Loans to Officers. Not to make any loans, advances or other extensions of credit to any of the Borrower's executives, officers, or directors or shareholders (or any relatives of any of the foregoing).
Loans to Officers. Directors and/or Shareholders. Make any loan or advance or make any transfer, in any manner, of any cash, property or other asset to or on behalf of any of its officers, directors or shareholders.
Loans to Officers. Make any loans, advances or other extensions of credit to any of Borrowers' executives, officers, directors, shareholders or employees (or any relatives of any of the foregoing) in an aggregate amount exceeding $200,000, other than those set forth on Schedule 6.17.
Loans to Officers. Make any loans or advances to its shareholders or officers in excess of $200,000 to any individual officer or shareholder or $500,000 in the aggregate to all officers and shareholders.
Loans to Officers. The corporation may lend money to, or guarantee any obligation of, or otherwise assist any officer or other employee of the corporation or of its subsidiaries, including any officer or employee who is a Director of the corporation or its subsidiaries, whenever, in the judgment of the Board of Directors, such loan, guarantee or assistance may reasonably be expected to benefit the corporation. The loan, guarantee or other assistance may be with or without interest and may be unsecured, or secured in such manner as the Board of Directors shall approve, including, without limitation, a pledge of shares of stock of the corporation. Nothing in these Bylaws shall be deemed to deny, limit or restrict the powers of guaranty or warranty of the corporation at common law or under any statute. (Del. Code Xxx., tit. 8, §143)
Loans to Officers. Not to make any loans, advances or other extensions of credit to Borrower's or its Subsidiaries' executives, officers, or directors or shareholders (or any relatives of any of the foregoing), other than amounts which do not exceed $10,000, in the aggregate, at any time.
Loans to Officers. Not to make any loans, advances or other extensions of credit to any Borrower's executives, officers, or directors or shareholders (or any relatives of any of the foregoing) for an amount in excess of an aggregate of Eight Hundred Fifty Thousand Dollars ($850,000) at any time.
Loans to Officers. Not to make, or permit any of its subsidiaries to make, any loans, advances or other extensions of credit (including extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services) to any of its executives, officers, directors or shareholders (or any relatives of any of the foregoing), except in the ordinary course of business not exceeding at any one time an aggregate of Two Hundred Thousand Dollars ($200,000.00).
