Common use of Loans to Officers Clause in Contracts

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.

Appears in 1 contract

Samples: Business Agreement (Ashworth Inc)

AutoNDA by SimpleDocs

Loans to Officers. Not to make any loans, advances or other extensions of credit to any Borrower's of Borrowers' executives, officers, directors, shareholders or directors or shareholders employees (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 50,000 in any timefiscal year.

Appears in 1 contract

Samples: Commercial Loan Agreement (Arlen Corp)

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 more than Five Hundred Fifty Thousand Dollars ($850,000500,000) at in any timesingle fiscal year.

Appears in 1 contract

Samples: Business Loan Agreement (Ashworth Inc)

Loans to Officers. Not to make any loans, advances or other extensions of credit to any Borrower's of Borrowers' 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 Thirty Thousand and No/100 Dollars ($850,00030,000.00) at any timein the aggregate.

Appears in 1 contract

Samples: Lec Technologies Inc

AutoNDA by SimpleDocs

Loans to Officers. 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, or directors or shareholders (or any relatives of any of the foregoing) for an amount in excess of an aggregate of Eight Five Hundred Fifty Thousand Dollars ($850,000500,000) in the aggregate at any one time.

Appears in 1 contract

Samples: Business Loan Agreement (K Swiss Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.