Extensions of Credit. The Extensions of Credit made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Extensions of Credit made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Credit Note and/or Swingline Note, as applicable, which shall evidence such Lender’s Revolving Credit Loans and/or Swingline Loans, as applicable, in addition to such accounts or records. Each Lender may attach schedules to its Notes and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto.
Extensions of Credit. Make or permit any subsidiary to make, any loan or advance to any person or entity, or purchase or otherwise acquire, or permit any subsidiary to purchase or other wise acquire, any capital stock, assets, obligations, or other securities of, make any capital contribution to, or otherwise invest in or acquire any interest in any entity, or participate as a partner or joint venturer with any person or entity, except for the purchase of direct obligations of the United States or any agency thereof with maturities of less than one year.
Extensions of Credit. Make any loan or advance to any individual, partnership, corporation or other entity without consent of Lender, except (a) loans and intercompany adjustments between Borrower and its subsidiaries occurring in the ordinary course of business, and (b) advances made to employees of Borrower for the payment by them of items for which an expense report or voucher will be filed and which items will constitute ordinary and necessary business expenses of Borrower.
Extensions of Credit. Each loan, revolving credit facility, letter of credit or other extension of credit or commitment to extend credit (collectively, “Extensions of Credit”) made or entered into by it or one of its Subsidiaries is evidenced by promissory notes or other evidences of indebtedness, which, together with all security agreements and guarantees, are valid and legally binding obligations of it or one of its Subsidiaries and, to its knowledge, the counterparty or counterparties thereto, are enforceable in accordance with their terms (except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by general equity principles) and are in full force and effect. Neither it nor any of its Subsidiaries, and, to its knowledge, any counterparty or counterparties, is in breach of any provision of or in default (or, with the giving of notice or lapse of time or both, would be in default) under, and has not taken any action resulting in the termination of, acceleration of performance required by, or resulting in a right of termination or acceleration under, any Extension of Credit. It has Previously Disclosed a complete and correct list of all Extensions of Credit that have been classified by it or any Governmental Authority as “Special Mention”, “Substandard”, and “Doubtful”, “Loss”, “Classified”, “Criticized” or words of similar import.
Extensions of Credit. Make any extension of credit that, when added to all other extensions of credit to a borrower and its Affiliates, would exceed its applicable regulatory lending limits; make any Loans, or enter into any commitments to make Loans, which vary other than in immaterial respects from its written Loan policies, a true and correct copy of which policies has been provided to Buyer; provided, that this covenant shall not prohibit Bank from extending or renewing credit or Loans in the Ordinary Course of Business or in connection with the workout or renegotiation of Loans currently in its Loan portfolio; provided, further, that from the date hereof, any new individual Loan or new extension of credit in excess of $150,000 and which is unsecured, or $1,500,000 and which is secured, shall require at least two (2) Business Days’ written notice (including a copy of the related loan package) to the chief executive officer of Buyer prior to issuing a loan commitment, after which time, consent of Buyer shall be assumed to be provided.
Extensions of Credit. Make any loan or advance to any individual, partnership, corporation or other entity, except: (1) advances to employees of the Borrower for expenses incurred in the ordinary course of business; (2) loans made to Schoeller Frisby Technologies GmbH in accordance with the terms of the Joint Venture Agreement between Borrower and Schoeller Textil AG or as approved from time to time by the board of directors of the Borrower; (3) loans outstanding on the date of this Agreement and listed on Schedule 7D attached hereto.
Extensions of Credit. Make any loan or advance to any Person; provided Borrower may (i) make loans and/or advances to Subsidiaries under the terms specified in Section "B. Investments" above and (ii) advances (not to exceed $50,000 in the aggregate) to employees for moving and travel expenses, drawing accounts, and similar expenditures in the ordinary course of Borrower's or its Subsidiary's business.
Extensions of Credit. Other than loans to Subsidiaries, make or permit any Subsidiary to make, loans or advances in excess of One Million and No/100 Dollars ($1,000,000.00) in the aggregate outstanding at any time prior to August 30, 1998, at which time the maximum aggregate amount outstanding at any time shall be reduced to Five Hundred Thousand and No/100 Dollars ($500,000.00), or make any capital contribution to, or participate as a partner or joint venturer with any Person, except for extensions of credit to employees in the normal course of Borrower's business, and except for the purchase of direct obligations of the United States or any agency thereof with maturities of less than one year, or obligations of Bank or any subsidiary thereof. Any aggregate amount of such loans made by Borrower in excess of Five Hundred Thousand and No/100 Dollars ($500,000.00) must be personally guaranteed by Ben C. Bryant, Jr., and T. Scott Cobb.
Extensions of Credit. Subject to the terms of this Agreement, CDF may extend credit to or on behalf of Dealer from time to time to enable Dealer to purchase inventory from CDF-approved vendors (“Vendors”) and for other purposes. CDF’s decision to advance funds is discretionary on CDF’s part. CDF may combine all of CDF’s advances to Dealer or on Dealer’s behalf, whether under this Agreement or any other agreement, and whether provided by one or more of CDF’s branch offices, together with all finance charges, fees and expenses related thereto, to make one debt owed by Dealer. Without limiting the discretionary nature of this credit facility, CDF may, without notice to Dealer, elect not to finance any inventory sold by particular Vendors who are in default to CDF, or with respect to which CDF reasonably feels insecure. This Agreement concerns the extension of credit, and not the provision of goods or services.
Extensions of Credit. Make any loan or advance to any individual, partnership, corporation or other entity, except (i) intercompany advances to Subsidiaries of the Borrower which have guaranteed all indebtedness to the Bank, (ii) as previously disclosed to Bank in writing, and (iii) other loans, not in excess of an aggregate principal amount of $250,000.