Common use of Employee Loans Clause in Contracts

Employee Loans. Make any loans or advances to an employee of Borrower other than loans in an aggregate amount not to exceed $100,000 provided that such loans are used to purchase Equity Interests in Borrower and at the time of the loan no Default or Event of Default exists.

Employee Loans. Make any loans or advances to an employee of Borrower an Obligor other than loans in an aggregate amount not to exceed $100,000 250,000 provided that such loans are used to purchase Equity Interests in Borrower such Obligor and at the time of the loan no Default or Event of Default exists.

Employee Loans. Make any loans or advances to an employee of Borrower an Obligor other than loans in an aggregate amount not to exceed $100,000 provided that such loans are used to purchase Equity Interests in Borrower an Obligor and at the time of the loan no Default or Event of Default exists.

Employee Loans. Make any loans or advances to an employee of Borrower an Obligor other than loans in an aggregate amount not to exceed $100,000 250,000 at any time; provided that such loans are used to purchase Equity Interests in Borrower and such Obligor and, at the time of the loan loan, no Default or Event of Default exists.