Common use of Loans to Other Persons Clause in Contracts

Loans to Other Persons. No Borrower shall make or be permitted to have outstanding any loans, advances or extensions of credit to any Person (other than as permitted under Sections 7.06(f) and 7.06(h)). Borrowers may make intercompany loans to other Borrowers pursuant to Section 7.06(f), but such loans shall be documented prior to the disbursement of the loan proceeds with such promissory notes, loan agreements and collateral documents as Lender may require in its reasonable discretion.

Loans to Other Persons. No Borrower shall make or be permitted to have outstanding any loans, advances or extensions of credit to any Person (other than as permitted under Sections Section 7.06(f) and 7.06(h)). Borrowers may make intercompany loans to other Borrowers pursuant to Section 7.06(f), but such loans shall be documented prior to the disbursement of the loan proceeds with such promissory notes, loan agreements and collateral documents as Lender may require in its reasonable sole discretion.

Loans to Other Persons. No Borrower shall not make or be permitted to have outstanding any loans, advances or extensions of credit to any Person (other than as permitted under Sections Section 7.06(f) and 7.06(h)). Borrowers Borrower may make intercompany loans to other Borrowers Borrower pursuant to Section 7.06(f), but such loans shall be documented prior to the disbursement of the loan proceeds with such promissory notes, loan agreements and collateral documents as Lender may require in its reasonable sole discretion.

Loans to Other Persons. No Borrower shall not make or be permitted to have outstanding any loans, advances or extensions of credit to any Person (other than as permitted under Sections Section 7.06(f) and 7.06(h)). Borrowers Borrower may make intercompany loans to any other Borrowers Borrower pursuant to Section 7.06(f), but such loans shall be documented prior to the disbursement of the loan proceeds with such promissory notes, loan agreements and collateral documents as Lender may require in its reasonable sole discretion.