Common use of Guaranties; Loans Clause in Contracts

Guaranties; Loans. Guarantee nor be liable in any manner, whether directly or indirectly, or become contingently liable after the date of this Agreement in connection with the obligations or indebtedness of any person or persons, except for (i) guaranties or liabilities as are outstanding on the date of this Agreement, (ii) the endorsement of negotiable instruments payable to the Pledgor for deposit or collection in the ordinary course of business, and (iii) accounts payable of the Pledgor incurred in the ordinary course of the business of the Pledgor. The Pledgor shall not make any loan, advance or extension of credit to any person other than in the normal course of its business.