Common use of Loans and Advances Clause in Contracts

Loans and Advances. Make any loans, advances or extensions of credit to any officer, director, executive employee or shareholder of Borrower (or any relative of any of the foregoing), or to any entity which is a subsidiary of, related to, affiliated with or has common shareholders, officers or directors with Borrower.

Appears in 7 contracts

Samples: Loan and Security Agreement (Teamstaff Inc), Loan and Security Agreement (Drinks Americas Holdings, LTD), Loan and Security Agreement (Icx Electronics Inc)

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Loans and Advances. Make any loans, advances or extensions of credit to any officer, director, executive employee or shareholder of Borrower (or any relative of any of the foregoing), or to any entity which is a subsidiary of, related to, affiliated with with, or has common shareholders, officers or directors with with, Borrower, exceeding $5,000 in the aggregate at any time.

Appears in 1 contract

Samples: Loan and Security Agreement (AMERI Holdings, Inc.)

Loans and Advances. Make any loans, advances or extensions of credit to any officer, director, executive employee or shareholder of Borrower (or any relative of any of the foregoing), or to any entity which is a subsidiary of, related to, affiliated with or has common shareholders, officers or directors with BorrowerBorrower in excess of the aggregate outstanding sum of $10,000.00.

Appears in 1 contract

Samples: Loan and Security Agreement (Windswept Environmental Group Inc)

Loans and Advances. Make Except for Commission Advances and Permitted Loans, make any loans, advances or extensions of credit to any officer, director, executive employee or shareholder of Borrower (or any relative of any of the foregoing), or to any entity which is a subsidiary of, related to, affiliated with or has common shareholders, officers or directors with Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Farmstead Telephone Group Inc)

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Loans and Advances. Make any loans, advances or extensions of credit to any officer, director, executive employee or shareholder of Borrower (or any relative of any of the foregoing), or to any entity which is a subsidiary of, related to, affiliated with with, or has common shareholders, officers or directors with with, Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Ag&e Holdings Inc.)

Loans and Advances. Make Except in accordance with Section 7.15, make any loans, advances or extensions of credit to any officer, director, executive employee or shareholder of Borrower (or any relative of any of the foregoing), or to any entity which is a subsidiary of, related to, affiliated with or has common shareholders, officers or directors with Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Reeds Inc)

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