Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any Person; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of business.
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Samples: Credit Agreement (Exploration Co of Delaware Inc), Credit Agreement (Tradestar Services, Inc.), Credit Agreement (Southwestern Eagle LLC)
Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any Person; provided, however, the foregoing restrictions restriction shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon on terms common customary in the industry for such accounts receivablerelevant industry, or (b) loans or advances by the relevant Borrower to employees any of the Borrower other Borrowers or (c) other loans or advances not exceeding $250,000, in the aggregate for the payment of expenses in the ordinary course of businessBorrowers on a consolidated basis, at any time outstanding.
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Samples: Term Loan Agreement (Royale Energy Holdings, Inc.), Term Loan Agreement (Royale Energy Holdings, Inc.)
Loans or Advances. Make or agree to make or allow to remain ----------------- outstanding any loans or advances to any Person; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of business or (c) between the Borrowers in the ordinary course of business.. 39
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Loans or Advances. Make or agree to make or allow to remain ----------------- outstanding any loans or advances to any Person; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of business.
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Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any Person; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of business, or (c) unless approved by the Lender in writing, loans or advances to subsidiaries of the Borrower.
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Loans or Advances. Make or agree to make or allow to remain ----------------- outstanding any loans or advances Advances to any Person, including Affiliates; provided, provided --------- however, the foregoing restrictions shall not apply to (a) advances Advances or extensions of ------- credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the Borrower for the payment of expenses receivable and indebtedness currently existing and set forth in the ordinary course of businessBorrower's Financial Statement.
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Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any Person; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of businessbusiness or (c) subject to the provisions of Sections 6.19 and 6.20, repayment of Subordinated Debt.
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Samples: Credit Agreement (Primeenergy Corp)
Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any PersonPerson in excess of $250,000; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of business, or (c) intercompany payments to the Guarantor which are made in the normal course of business of Borrower.
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Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any Person; provided, however, the foregoing restrictions restriction shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or receivable and (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of businessthe business of the Borrower not exceeding $50,000 in the aggregate at any point in time.
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Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any Person; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of businessbusiness or (c) repayment of Subordinated Debt.
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Samples: Credit Agreement (Primeenergy Corp)
Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any Person; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of business, or (c) loans or advances permitted by the Indenture.
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Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any Person; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or and (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of business.
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Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any PersonPerson in excess of $100,000; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of business. For the purposes of this covenant, production payments will not be considered loans or advances.
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Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any Person; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of business, or (c) loans or advances to subsidiaries of the Borrower.
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Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any Person; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivable, or (b) advances to employees of the any Borrower for the payment of expenses in the ordinary course of business.
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Loans or Advances. Make or agree to make or allow to remain outstanding any loans or advances to any Person; provided, however, the foregoing restrictions shall not apply to (a) advances or extensions of credit in the form of accounts receivable incurred in the ordinary course of business and upon terms common in the industry for such accounts receivablereceiveable, or (b) advances to employees of the Borrower for the payment of expenses in the ordinary course of business.
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Samples: Credit Agreement (NPC Holdings Inc)