Common use of FINANCIAL ACCOMMODATION Clause in Contracts

FINANCIAL ACCOMMODATION. A Transaction Party must not (and must ensure that each of its Subsidiaries do not) provide any financial accommodation (including by making deposits to bank accounts), or give any Guarantee or Encumbrance (other than a Permitted Encumbrance) in respect of any financial accommodation, to or for the benefit of any person, other than Permitted Financial Accommodation.

Appears in 2 contracts

Samples: Merger Agreement (Worldwide Restaurant Concepts Inc), Investment Services Agreement (Worldwide Restaurant Concepts Inc)

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FINANCIAL ACCOMMODATION. A Transaction Party must not (and must ensure that each of its Subsidiaries do not) provide any financial accommodation (including by making deposits to bank accounts)accommodation, or give any Guarantee or Encumbrance (other than a Permitted Encumbrance) in respect of any financial accommodation, to or for the benefit of any personPerson, other than Permitted Financial Accommodation.

Appears in 1 contract

Samples: Samson Oil & Gas LTD

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FINANCIAL ACCOMMODATION. (a) A Transaction Party must not (and must ensure that each of its Subsidiaries do not) provide any financial accommodation (including by making deposits to bank accounts)accommodation, or give any Guarantee or Encumbrance (other than a Permitted Encumbrance) in respect of any financial accommodation, accommodation to or for the benefit of any person, person other than Permitted Financial Accommodation.than:

Appears in 1 contract

Samples: Sims Metal Management LTD

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