Common use of Advances and Loans Clause in Contracts

Advances and Loans. So long as the Borrower shall have any obligation under this Note, without the written consent of a majority of the Holders of the then-outstanding Secured Notes, the Borrower shall not lend money, give credit or make advances to any person, firm, joint venture or corporation, including, without limitation, officers, directors, employees, subsidiaries and affiliates of the Borrower, except loans, credits or advances (a) in existence or committed on the date hereof and which the Borrower has informed the Holder in writing prior to the date hereof, (b) made in the ordinary course of business or (c) not in excess of $100,000.

Advances and Loans. So long as the Borrower shall have any obligation under this Note, without the written consent of a majority of the Holders of the then-outstanding Secured NotesDebenture, the Borrower shall not not, without the Holder's written consent, lend money, give credit or make advances to any person, firm, joint venture or corporation, including, without limitation, officers, directors, employees, subsidiaries and affiliates of the Borrower, except loans, credits or advances (a) made to Peak Entertainment, Ltd., (b) in existence or committed on the date hereof and which the Borrower has informed the Holder in writing prior to the date hereof, (bc) made in the ordinary course of business or (cd) not in excess of $100,00050,000.