Common use of Shareholder and Officer Loans Clause in Contracts

Shareholder and Officer Loans. The Borrower shall provide to the Bank subordination agreements in form satisfactory to the Bank covering any loans to the Borrower from, or other obligations of the Borrower to, its Subsidiaries, Affiliates and shareholders, officers, or members in existence from time to time.

Appears in 2 contracts

Samples: Credit Facility Agreement (Document Security Systems Inc), Credit Facility Agreement (Document Security Systems Inc)

AutoNDA by SimpleDocs

Shareholder and Officer Loans. The Borrower shall provide to the Bank subordination agreements in form satisfactory to the Bank covering any shareholder, employee, officer, or Affiliate loans to the Borrower from, or other obligations of the Borrower toto its respective shareholders, its Subsidiaries, Affiliates and shareholdersemployees, officers, or members Affiliates in existence from time to time.

Appears in 2 contracts

Samples: Credit Facility Agreement (Anaren Microwave Inc), Credit Facility Agreement (Anaren Microwave Inc)

Shareholder and Officer Loans. The Borrower shall provide to the Bank subordination agreements in form satisfactory to the Bank covering any loans to the Borrower from, or other obligations of the Borrower to, its Subsidiaries, Affiliates and shareholders, officers, or members shareholders in existence from time to time.

Appears in 1 contract

Samples: Credit Facility Agreement (Graham Corp)

AutoNDA by SimpleDocs

Shareholder and Officer Loans. The Borrower shall provide to the Bank subordination agreements in form satisfactory to the Bank covering any shareholder or officer loans to the Borrower from, or other obligations of the Borrower to, to its Subsidiaries, Affiliates and shareholders, officers, respective shareholders or members officers in existence from time to time.

Appears in 1 contract

Samples: Credit Facility Agreement (Graham Corp)

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