Common use of Extensions of Credit Clause in Contracts

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 otherwise 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.

Appears in 2 contracts

Samples: Loan Agreement (Air T Inc), Loan Agreement (Mexco Energy Corp)

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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 otherwise other wise acquire, any capital stock, assets, obligations, or other securities ofof , 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.

Appears in 1 contract

Samples: Loan Agreement (American Aircarriers Support Inc)

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 otherwise 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.

Appears in 1 contract

Samples: Loan Agreement (Total Containment Inc)

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 otherwise other wise acquire, any capital stock, assets, obligations, or other securities of, make any capital contribution to, or otherwise otherwise. except in the ordinary course of business, 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.

Appears in 1 contract

Samples: Loan Agreement (Intelligent Systems Corp)

Extensions of Credit. Make or permit any subsidiary to make, any loan or advance to any person or entityentity (other than one of the Borrowers), or purchase or otherwise acquire, or permit any subsidiary to purchase or otherwise 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 entityentity (other than one of the Borrowers), 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.

Appears in 1 contract

Samples: Loan Agreement (Eateries Inc)

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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 otherwise 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.

Appears in 1 contract

Samples: Loan Agreement (Nfront Inc)

Extensions of Credit. Make or permit any subsidiary Subsidiary to make, any loan or advance to any person or entity, or purchase or otherwise acquire, or permit any subsidiary Subsidiary to purchase or otherwise 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.

Appears in 1 contract

Samples: Loan Agreement (Insurance Management Solutions Group Inc)

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