Lending and guarantees. (a) Borrower shall not be a creditor in respect of any loan or give any form of credit to any Person outside of its normal and customary business operations.
Lending and guarantees the Borrower shall not lend money to or invest money in any Person, whether by loan, acquisition of shares, acquisition of debt obligations or in any other manner whatsoever or guarantee, endorse or otherwise become surety for or upon the obligations of any other Person except by endorsement of negotiable instruments for deposit or collection in the ordinary course of its business;
Lending and guarantees. 15.8.1. No Obligor may make any loan or provide any form of credit to any person save:
Lending and guarantees. (a) Except as provided in paragraph (b) below, no member of the Group may be the creditor in respect of any Borrowings or of any trade credit extended to any of its customers.
Lending and guarantees. No member of the Group may, make any loans or any form of credit or give any guarantee or indemnity to or for the benefit of any person in respect of any obligation for Financial Indebtedness of any person other than:
Lending and guarantees. (a) No Obligor shall make any loan or provide any form of credit to any person other than as permitted under Clause 20.6 (Financial Indebtedness).
Lending and guarantees. (a) The Borrower may not be the creditor in respect of any loan or any form of credit to any person.
Lending and guarantees. The Borrower will not and will procure that no other member of the Borrower Group will make or grant any loan or advance to, or give any guarantee, indemnity, bond or letter of credit to or for the benefit of, or in respect of the liabilities or obligations of, any other person other than a member of the Borrower Group or voluntarily assume any liability (whether actual or contingent) of any other person other than a member of the Borrower Group. For the avoidance of doubt, intra group loans by and amongst members of the Borrower Group are permitted provided that such intra group loans are expressly subordinated to all amounts owing under the Finance Documents under the terms of a subordination deed in form and substance satisfactory to the Lenders pursuant to which, inter alia, upon the occurrence of a Default, the principal of, and interest accruing on such intra group loans shall not be paid, repaid, payable or repayable in whole or in part.
Lending and guarantees. (a) No Obligor may be the creditor in respect of any loan or any form of credit to any person other than:
Lending and guarantees. (a) The Obligors must not make any loan or provide any form of credit to any person.
