Common use of Other Advances Clause in Contracts

Other Advances. Make loans or advances to Affiliates, shareholders, directors, officers or employees, in addition to those described in clauses (i) through (xii) hereinabove, in an aggregate amount, as to all such loans and advances at any one time outstanding to all such Persons, not to exceed Eight Million Dollars ($8,000,000), so long as, and provided that, (A) no Event of Default then exists and (B) each such loan or advance is repaid, in full, not later than two (2) years from the date of its disbursement.

Other Advances. Make loans or advances to Affiliates, shareholders, directors, officers or employees, in addition to those described in clauses (ia) through (xiil) hereinabove, in an aggregate amount, as to all such loans and advances at any one time outstanding to all such Persons, not to exceed Eight Million Dollars ($8,000,000), so long as, and provided that, (A) no Event of Default then exists and (B) each such loan or advance is repaid, in full, not later than two (2) years from the date of its disbursement.

Other Advances. Make loans or advances to Affiliates, shareholders, directors, officers or employees, in addition to those described in clauses (ia) through (xiil) hereinabove, in an aggregate amount, as to all such loans and advances at any one time outstanding to all such Persons, not to exceed Eight Twelve Million Dollars ($8,000,00012,000,000), so long as, as and provided that, (A) no Event of Default then exists and (B) each such loan or advance is repaid, in full, not later than two (2) years from the date of its disbursement.

Other Advances. Make loans or advances to Affiliates, shareholders, directors, officers or employees, in addition to those described in clauses (i) through (xii) hereinabove, in an aggregate amount, as to all such loans and advances at any one time outstanding to all such Persons, not to exceed Eight Twelve Million Dollars ($8,000,00012,000,000), so long as, and provided that, (A) no Event of Default then exists and (B) each such loan or advance is repaid, in full, not later than two (2) years from the date of its disbursement.