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 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)

AutoNDA by SimpleDocs

Pledge of Credit. Pledge (or purport to pledge) Lender's Agent’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 Borrower's 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 ’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 Borrower's 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 the Borrower's ’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 ’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 Borrower's ’s business as conducted on the Closing Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Memry Corp)

AutoNDA by SimpleDocs

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 Borrower's 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 Agent’s credit on any purchases or for any purpose whatsoever or use any portion of any Revolving Advance in or for any business other than such Borrower's Loan Party’s business as conducted on the Closing Signing Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Sachem Capital Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!