Loans to Third Parties Sample Clauses

Loans to Third Parties. No Acquired Entity (i) has lent or agreed to lend any money which has not been repaid to it nor (ii) owns the benefit of any debt present or future (other than debts due to it in respect of the sale of trading stock in the normal course of trading or in relation to any loans made to employees in an amount less than £250 per employee in connection with travel expenditure).
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Loans to Third Parties. The Works may be loaned to third parties only with the prior written consent of both Owners, such written consent to be sought and given with sufficient time to process loan requests from borrowers. The Owners agree that the Owner in possession of a Work at the time a loan request for such Work is received shall be responsible for managing and administering the loan of such Work subject to the terms set forth herein; if a borrower requests loans of objects in possession of both Owners, Owners will determine who is managing and administering the request. All of the material terms of any loan shall be outlined in a loan contract or contracts which shall be reviewed and signed by whichever Owner is administering the loan as well as the borrower(s). Approval shall not be unreasonably withheld, conditioned or delayed. The Owner administering the loan shall promptly provide a copy of the fully executed loan contract to the other Owner. Loan terms shall require that the Works be covered by adequate insurance meeting Owners’ requirements and standards. Owners shall agree on an insurance valuation reflecting fair market value at the time of loan, which borrower shall be required to accept as the insured value. Any subsequent changes of dates or venues shall also be approved in writing by both Owners. Standard loan fees charged to a borrower to cover administrative expenses will be retained by the Owner that administers such loan request(s) on behalf of both Owners. Each borrower shall be required to provide to Owners a minimum of four (4) copies (two [2] copies for each Owner) of each catalogue, brochure, and other publications commissioned or prepared by borrower in connection with any loan.
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Loans to Third Parties. Borrower will not make any loans to third parties in excess of $500,000 plus accrued interest.
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Loans to Third Parties. Without the prior written consent of the Lender (not to be unreasonably withheld), the Borrower shall not make loans to any third party except in the ordinary course of business;
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Loans to Third Parties. Loan or otherwise advance any sum to any person, except for normal trade credit on the sale of inventory in the normal course of business and except for expense advances to employees of Borrower in the normal course of business.
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Related to Loans to Third Parties

  • Payments to Third Parties Xxxxxxx agrees that Grantor shall have no liability to Grantee when Grantor acts in good faith to redirect all or a portion of any Grantee payment to a third party. Grantor will be deemed to have acted in good faith when it is in possession of information that indicates Grantee authorized Grantor to intercept or redirect payments to a third party or when so ordered by a court of competent jurisdiction.

  • Obligations to Third Parties Each party warrants and represents that this Agreement does not conflict with any contractual obligations, expressed or implied, undertaken with any Third Party.

  • Loans by Third Parties The Partnership may incur Debt, or enter into similar credit, guarantee, financing or refinancing arrangements for any purpose (including in connection with any acquisition of property) with any Person upon such terms as the General Partner determines appropriate.

  • No Third Parties Benefited This Agreement is made and entered into for the sole protection and legal benefit of the Company, the Banks, the Agent and the Agent-Related Persons, and their permitted successors and assigns, and no other Person shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with, this Agreement or any of the other Loan Documents.

  • No Third Parties Nothing in this Agreement is intended to, nor shall it confer any rights on a third party.

  • No Obligations to Third Parties Except as otherwise expressly provided herein, the execution and delivery of this Agreement shall not be deemed to confer any rights upon, nor obligate any of the parties hereto, to any person or entity other than the parties hereto.

  • Disclosure to Third Parties The Company shall have the right to disclose to third parties, in whatever manner the Company may determine, the fact that this Agreement has been executed, the names of the parties to this Agreement and the terms hereof.

  • Reliance on Third Parties The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for any Loan Party), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

  • No Commissions to Third Parties The Servicer has not dealt with any broker or agent or anyone else who might be entitled to a fee or commission in connection with this transaction other than the Seller; and

  • Notice to Third Parties Licensee shall give written notice, prior to the first sale of Licensed Product, to any Third Party to which it sells Licensed Product of the restrictions contained in this Section 5, and Licensee shall use its best endeavors, without prejudice to any other provision of this Agreement, to ensure that such Third Parties will undertake to abide by the restrictions contained in this Section 5 and will assist the MPP and Pfizer in securing compliance with this Section 5 and the restrictions which it contemplates.

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