Common use of Investments, Loans Clause in Contracts

Investments, Loans. Borrower shall not, directly or indirectly, (a) purchase or otherwise acquire or own any stock or other securities of any other Person (other than as permitted under this Agreement) or (b) make or permit to be outstanding any loan or advance (other than trade advances in the ordinary course of business or as otherwise permitted under this Agreement) or enter into any arrangement to provide funds or credit, to any other Person, except that (i) it may purchase or otherwise acquire and own marketable U.S. Treasury and Agency obligations, and certificates of deposit and bankers acceptances issued or created by any domestic commercial bank, and the stock of any Subsidiaries identified in Section 3.13, and (ii) they may make loans or advances as permitted pursuant to Section 5.15 above.

Appears in 9 contracts

Samples: Loan Agreement (Pinnacle Data Systems Inc), Loan Agreement (Pinnacle Data Systems Inc), Loan Agreement (CRM Holdings, Ltd.)

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Investments, Loans. Borrower shall will not, directly or indirectly, (a) purchase or otherwise acquire or own any stock or other securities of any other Person (other than as permitted under this Agreement) or (b) make or permit to be outstanding any loan or advance (other than trade advances in the ordinary course of business or as otherwise permitted under this Agreement) or enter into any arrangement to provide funds or credit, to any other Person, except that (i) it may purchase or otherwise acquire and own marketable U.S. Treasury and Agency governmental agency obligations, and certificates of deposit and bankers acceptances issued or created by any domestic commercial bank, and the stock of any Subsidiaries identified in Section 3.133.14, and shares of money market accounts maintained at the Xxxxxxx Xxxxx Group, Inc., and (ii) they may make loans or advances as permitted pursuant to Section 5.15 6.2 above.

Appears in 1 contract

Samples: Credit Loan Agreement (Heartland Payment Systems Inc)

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Investments, Loans. Borrower shall not, directly or indirectly, (a) purchase or otherwise acquire or own any stock or other securities of any other Person (other than as permitted under this Agreement) or (b) make or permit to be outstanding any loan or advance (other than trade advances in the ordinary course of business or as otherwise permitted under this Agreement) or enter into any arrangement to provide funds or credit, to any other Person, except that (i) it may purchase or otherwise acquire and own marketable U.S. Treasury and Agency obligations, and certificates of deposit and bankers acceptances issued or created by any domestic commercial bank, and the stock of any Subsidiaries identified in Section 3.13, and (ii) they it may make loans or advances as permitted pursuant to Section 5.15 above.

Appears in 1 contract

Samples: Loan Agreement (Anaren Inc)

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