Common use of Pledge of Credit Clause in Contracts

Pledge of Credit. Now or hereafter pledge the Lender's credit on any purchase 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 date of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Blonder Tongue Laboratories Inc)

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Pledge of Credit. Now or hereafter pledge the any Lender's credit on any purchase purchases or for any purpose whatsoever or use any portion of any Revolving Advance in or for any business other than such Borrower's business as conducted on the date of this Agreement.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Fonda Group Inc)

Pledge of Credit. Now or hereafter pledge the Lender's credit on any purchase purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than such Borrower's or Guarantor's business as conducted on the date of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Cold Metal Products Inc)

Pledge of Credit. Now or hereafter pledge the Lender's ’s credit on any purchase purchases or for any purpose whatsoever or use any portion of any Advance the proceeds of the Term Loan in or for any business other than such Borrower's ’s business as conducted on the date of this Agreement.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Allied Motion Technologies Inc)

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Pledge of Credit. Now or hereafter pledge the Term B Lender's credit on any purchase purchases or for any purpose whatsoever or use any portion of any Advance the Term Loan in or for any business other than such Borrower's business as conducted on the date of this Agreement.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Air Industries Group, Inc.)

Pledge of Credit. Now or hereafter pledge the Lender's ’s credit on any purchase purchases, commitments or contracts or for any purpose whatsoever or use any portion of any Advance in or for any business other than such Borrower's its business operations as conducted on the date of this AgreementClosing Date.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Quality Gold Holdings, Inc.)

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