No Loans or Advances. Except for loans and advances outstanding as of the Closing Date or such loans and advances that are in compliance with the Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder, the Company will not make any loans, advances or other extensions of credit to the executive officers or directors of the Company, any Subsidiary or any family member or Affiliate of any of such executive officers or directors.
No Loans or Advances. Until the first to occur of three years from the Closing Date or the Restriction Termination Date at 90%, the Company and its Subsidiaries will not make, and will use their commercially reasonable best efforts to ensure that no PRC Company shall make, any loans, advances or other extensions of credit to the executive officers or directors of the Company, any Subsidiary or any Related Company or any family member or Affiliate of any of such executive officers or directors.
No Loans or Advances. Without first obtaining the prior written consent of Lender, which consent shall not be unreasonably withheld or delayed, Creditor agrees not to accept any loan or advance from Borrowers nor to hereafter forgive any of Obligations of Borrowers to Creditor and, in the event of such a loan, advance or forgiveness without such consent, Creditor shall thereupon become immediately liable to Lender in the amount of such loan, advance or forgiveness. Creditor has disclosed to Lender all Obligations of Borrowers to Creditor, whether direct, indirect, sole, joint or several or joint and several, whether matured or unmatured, of any nature whatsoever, if any now exist.
No Loans or Advances. Until the earlier of five (5) years from the Closing Date, the Company and its Subsidiaries will not make any loans, advances or other extensions of credit to the executive officers or directors of the Company, any Subsidiary or any Related Company or any family member or Affiliate of any of such executive officers or directors.
No Loans or Advances. Except for loans and advances outstanding as of the Closing Date or such loans and advances that are in compliance with the Sxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder, the Company, the HK Companies and the PRC Company will not make any loans, advances or other extensions of credit to the executive officers or directors of the Company, any Subsidiary or any family member or Affiliate of any of such executive officers or directors.
No Loans or Advances. Except for loans and advances outstanding as of the Closing Date or such loans and advances that are in compliance with the Sxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder, the Company, the BVI Companies and the PRC Companies will not make any loans, advances or other extensions of credit to the executive officers or directors of the Company, any Subsidiary or any family member or Affiliate of any of such executive officers or directors.
No Loans or Advances. The Borrower shall not make any loans or advances to any parties without the Lender’s prior written consent, which may be withheld in the Lender’s sole and absolute discretion.
No Loans or Advances. Prior to the Termination Date, the Lenders will not make any further Loans or other advances under the Credit Agreement, issue any new Letters of Credit, or renew existing Letters of Credit, provided, however, that the Lenders will renew existing Letters of Credit to the extent that the Borrowers continues to maintain sufficient Cash Collateral covering all L/C Obligations, in addition to the Borrowers’ other Obligations.
No Loans or Advances. Any loan or advance (other than advances to employees in the ordinary course of business for travel and entertainment in accordance with past practice) to any person including, but not limited to, any officer, director or employee of Company, or the Shareholder or Affiliate;
No Loans or Advances. Except upon the prior written consent of MLBFS, Douglas N. Dixon shall not directly or indirectly lend any moneys tx xxx xxxxxx xx entity in excess of $50,000.00 during any 12-month period.
