Common use of Required Loans Clause in Contracts

Required Loans. Any Contract containing a covenant by any Target Company to make, directly or indirectly, any advance, loan, extension of credit or capital contribution to, or other investments in, any Person in excess of $1,000,000, in each case other than as made in the ordinary course of such Target Company's business consistent with past practice;

Appears in 2 contracts

Samples: Purchase and Sale Agreement (General Motors Financial Company, Inc.), Purchase and Sale Agreement (General Motors Co)

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Required Loans. Any Contract containing a covenant by any Target Company to make, directly or indirectly, any advance, loan, extension of credit or capital contribution to, or other investments in, any Person in excess of $1,000,000, in each case other than as made in the ordinary course of such Target Company's ’s business consistent with past practice;

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ally Financial Inc.)

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Required Loans. Any Contract containing a covenant by any Target Company to make, directly or indirectly, any advance, loan, extension of credit or capital contribution to, or other investments in, any Person in excess of $1,000,000100,000, in each case other than as made in the ordinary course of such Target Company's ’s business consistent with past practice;

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ally Financial Inc.)

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