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Common use of Pledge of Credit Clause in Contracts

Pledge of Credit. Pledge (or purport to pledge) Lender’s credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than such Loan Party’s business as conducted on the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Tecogen Inc.), Credit Agreement (Tecogen Inc.)

Pledge of Credit. Pledge (or purport to pledge) Lender’s 's credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than such Loan Party’s Borrower's business as conducted on the Closing Date.

Appears in 2 contracts

Samples: Credit and Security Agreement (Omni Energy Services Corp), Credit and Security Agreement (Omni Energy Services Corp)

Pledge of Credit. Pledge (or purport to pledge) LenderAgent’s credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than such Loan Party’s business as conducted on the Original Closing Date.

Appears in 2 contracts

Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Manhattan Bridge Capital, Inc)

Pledge of Credit. Pledge (or purport to pledge) Lender’s credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than such Loan Partythe Borrower’s business as conducted on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Precision Aerospace Components, Inc.)

Pledge of Credit. Pledge (or purport to pledge) Lender’s credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than such Loan Party’s business as conducted on the Closing Signing Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc)

Pledge of Credit. Pledge (or purport to pledge) Lender’s 's credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than such Loan Party’s business as conducted on the Closing DateBusiness.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Prima Group International Inc)

Pledge of Credit. Pledge (or purport to pledge) Lender’s credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than such Loan PartyBorrower’s business as conducted on the Closing Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Memry Corp)