Common use of Loans to Officers or Affiliates Clause in Contracts

Loans to Officers or Affiliates. Not 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 the Borrower's executives, officers, directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entities.

Appears in 1 contract

Samples: Business Loan Agreement (Variflex Inc)

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Loans to Officers or Affiliates. Not 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 the Borrower's ’s executives, officers, officers or directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entitiesentities in excess of Five Hundred Thousand and no/100 Dollars ($500,000.00) in the aggregate to all of the foregoing at any one time.

Appears in 1 contract

Samples: Loan Agreement (Grand Canyon Education, Inc.)

Loans to Officers or Affiliates. Not 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 the Borrower's Borrowers' executives, officers, directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entities.

Appears in 1 contract

Samples: Loan Agreement (Mexco Energy Corp)

Loans to Officers or Affiliates. Not 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 the Borrower's executives, officers, directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entities.entities (other than Infolab, Inc.

Appears in 1 contract

Samples: Loan Agreement (Escalon Medical Corp)

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Loans to Officers or Affiliates. Not 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 the Borrower's executives, officers, directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entitiesentities (other than to any subsidiary of the Borrower) in excess of Five Hundred Thousand Dollars ($500,000) in the aggregate at any one time.

Appears in 1 contract

Samples: Business Loan Agreement (Cost Plus Inc/Ca/)

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