Common use of Loans or Advances Clause in Contracts

Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences of indebtedness of, or make or have outstanding, any loans or advances to, or otherwise extend credit to, or make any investment or acquire any interest whatsoever in, any other person, firm, corporation or other entity, except investments disclosed on the Borrower’s Historical Financial Statements or acceptable to the Bank in its sole discretion.

Appears in 10 contracts

Samples: Loan Agreement (Miscor Group, Ltd.), Loan Agreement (Brekford Corp.), Revolving Loan Agreement (Bovie Medical Corp)

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Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences evidence of indebtedness of, or make or have outstanding, any loans or advances to, or otherwise extend credit to, or make any investment or acquire any interest whatsoever in, any other person, firm, corporation or other entity, except investments disclosed on the Borrower’s Historical Financial Statements that have been provided to the Bank on or before the date hereof, or that are otherwise acceptable to the Bank in its sole discretion.

Appears in 3 contracts

Samples: Loan Agreement (Research Solutions, Inc.), Loan Agreement (Northern Technologies International Corp), Loan Agreement (Mikros Systems Corp)

Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences of indebtedness of, or make or have outstanding, any loans or advances to, or otherwise extend credit to, or make any investment or acquire any interest whatsoever in, any other person, firm, corporation or other entity, except investments disclosed on the Borrower’s 's Historical Financial Statements or acceptable to the Bank in its sole discretion.

Appears in 3 contracts

Samples: Security Agreement (Media Sciences International Inc), Loan Agreement (Laser Master International Inc), Loan Agreement (Dataram Corp)

Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences of indebtedness of, or make or have outstanding, any loans or advances to, or otherwise extend credit to, or make any investment or acquire any interest whatsoever in, any other person, firm, corporation or other entity, except investments disclosed on the Borrower’s Historical Financial Statements financial statements or acceptable to the Bank Lender in its sole discretion.

Appears in 3 contracts

Samples: Construction Loan Agreement (Hall of Fame Resort & Entertainment Co), Loan Agreement (Hall of Fame Resort & Entertainment Co), Loan Agreement (Hall of Fame Resort & Entertainment Co)

Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences of indebtedness of, or make or have outstanding, any loans or advances to, or otherwise extend credit to, or make any investment or acquire any interest whatsoever in, any other person, firm, corporation or other entity, except investments disclosed on the Borrower’s Historical Financial Statements or acceptable to the Bank Lender in its sole discretion.

Appears in 2 contracts

Samples: Loan Agreement (CLS Holdings USA, Inc.), Loan Agreement (Dpac Technologies Corp)

Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences of indebtedness of, or make or have outstanding, any loans or advances to, or otherwise extend credit to, or make any investment or acquire any interest whatsoever in, any other person, firm, corporation or other entity, except investments disclosed on the Borrower’s Historical Financial Statements or acceptable to the Bank in its sole discretion.

Appears in 1 contract

Samples: Loan Agreement (CLS Holdings USA, Inc.)

Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences of indebtedness of, or make or have outstanding, any loans or advances to, or otherwise extend credit to, or make any investment or acquire any interest whatsoever in, any other person, firm, corporation firm or other entitycorporation, except investments disclosed on the Borrower’s 's Historical Financial Statements or acceptable to the Bank in its sole discretion.

Appears in 1 contract

Samples: Loan Agreement (Strategic Diagnostics Inc/De/)

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Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences of indebtedness of, or make or have outstanding, of any loans or advances to, or otherwise extend credit to, or make any investment or acquire any interest whatsoever in, any other person, firm, corporation firm or other entitycorporation, except investments disclosed on the Borrower’s 's Historical Financial Statements or acceptable to the Bank in its sole discretion.

Appears in 1 contract

Samples: Loan Agreement (Intest Corp)

Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences evidence of indebtedness of, or make or have outstanding, any loans or advances to, or otherwise extend credit (other than trade credit in the ordinary course of business) to, or make any investment or acquire any interest whatsoever in, any other person, firm, corporation or other entityPerson, except for the investments (if any) held by the Borrower and disclosed on the Borrower’s Historical Financial Statements or acceptable financial statements of the Parent delivered to the Bank in its sole discretionBank.

Appears in 1 contract

Samples: Loan Agreement (Lsi Industries Inc)

Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences of indebtedness of, or make or have outstanding, of any loans or advances to, or otherwise extend credit to, or make any investment or acquire any interest whatsoever in, any other person, firm, corporation firm or other entitycorporation, except investments disclosed on the Borrower’s Historical Financial Statements financial statements or acceptable to the Bank Lender in its sole discretion.

Appears in 1 contract

Samples: Security Agreement (Pure Earth, Inc.)

Loans or Advances. Purchase or hold beneficially any stock, other securities or evidences of indebtedness ofindebtedness, or make or have outstanding, extend any loans or advances to, or otherwise extend credit to, or make any investment or acquire any interest whatsoever in, any other person, firmfirm or corporation, corporation or other entityincluding any affiliate, except investments disclosed on the Borrower’s Borrowers' Historical Financial Statements or acceptable to the Bank in its sole discretiondiscretion and except as expressly permitted in the Addendum.

Appears in 1 contract

Samples: Loan Agreement PNC Bank (Aloette Cosmetics Inc)

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