Prohibition of Loans. None of the Borrowers shall make or have outstanding any loans or advances to or otherwise extend credit to any Person (including, without limitation, loans or advances to officers, owners or affiliates), except in the ordinary course of business. None of the Borrowers shall guaranty the indebtedness of any Person.
Appears in 4 contracts
Samples: Loan and Security Agreement (Avalon Holdings Corp), Loan and Security Agreement (Avalon Holdings Corp), Loan and Security Agreement (Avalon Holdings Corp)