Common use of Loans to Officers Clause in Contracts

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. Make any loans or advances to its shareholders or officers in excess of $200,000 500,000 to any individual officer or shareholder or $500,000 2,000,000 in the aggregate to all officers and shareholders.