Making Loans. Other than the providing of purchase money financing to Purchasers of Timeshare Inventory, commission advances to sales associates in the ordinary course of business and other than loans to a member of Borrower or Guarantor which are subject to the Subordination Agreement, Borrower shall not loan funds to any Person.
Appears in 2 contracts
Samples: Loan Agreement (BBX Capital Corp), Loan Agreement (BFC Financial Corp)
Making Loans. Other than the providing of purchase money financing to Purchasers of Timeshare Inventory, commission advances to sales associates in the ordinary course of business and other than inter‑company loans to a member BXG or to subsidiaries of Borrower either BXG or Guarantor which are subject to the Subordination AgreementBVU, Borrower BVU shall not loan funds to any Person..
Appears in 2 contracts
Samples: Acquisition Loan and Security Agreement (BBX Capital Corp), Acquisition Loan and Security Agreement (Bluegreen Vacations Corp)
Making Loans. Other than the providing of purchase money financing to Purchasers of Timeshare Inventory, commission advances to sales associates in the ordinary course of business and other than inter‑company loans to a member with BXG or with subsidiaries of Borrower either BXG or Guarantor which are subject to the Subordination AgreementBVU, Borrower BVU shall not loan funds to any Person.. BN 72497947v7
Appears in 1 contract
Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp)