Common use of Loans or Advances Clause in Contracts

Loans or Advances. Neither the Borrower, the Guarantors nor any other Subsidiary shall make loans or advances to any Person except: (i) deposits required by government agencies or public utilities; (ii) loans and advances made by Borrower or any Guarantor to any Guarantor or to Borrower; (iii) loans or advances to directors, officers and employees in the ordinary course of business in the aggregate outstanding at any time not exceeding $1,000,000; (iv) loans or advances to employees in the ordinary course of business which are secured by stock in GBP in the aggregate outstanding at any time not exceeding $5,000,000; and (v) other loans or advances made in the ordinary course of business in the aggregate outstanding at any time not exceeding 5% of the book value of the total assets of the Borrower and its Consolidated Subsidiaries, determined in accordance with GAAP minus all amounts outstanding under clause (iii) of this Section 6.07 and minus Investments made and permitted pursuant to Section 6.09(D); provided that after giving effect to the making of any loans, advances or deposits permitted by clauses (i), (ii), (iii) or (iv), the Borrower will be in full compliance with all the provisions of this Agreement.

Loans or Advances. Neither the BorrowerBorrowers, the Guarantors nor any other Subsidiary shall make loans or advances to any Person except: (i) deposits required by government agencies or public utilities; (ii) loans and advances made by Borrower Borrowers or any Guarantor to any Guarantor or to BorrowerBorrowers; (iii) loans or advances to directors, officers and employees in the ordinary course of business in the aggregate outstanding at any time not exceeding $1,000,000; (iv) loans or advances to employees in the ordinary course of business which are secured by stock in GBP in the aggregate outstanding at any time not exceeding $5,000,000; and (v) other loans or advances made in the ordinary course of business in the aggregate outstanding at any time not exceeding 5% of the book value of the total assets of the Borrower Parent and its Consolidated Subsidiaries, determined in accordance with GAAP minus all amounts outstanding under clause (iii) of this Section 6.07 5.07 and minus Investments made and permitted pursuant to Section 6.09(D5.09(D); provided that after giving effect to the making of any loans, advances or deposits permitted by clauses (i), (ii), (iii) or (iv), the Borrower Borrowers will be in full compliance with all the provisions of this Agreement.

Loans or Advances. Neither the Borrower, the Guarantors nor any other Subsidiary shall make loans or advances to any Person except: (i) deposits required by government agencies or public utilities; (ii) loans and advances made by Borrower or any Guarantor to any Guarantor or to Borrower; (iii) loans or advances to directors, officers and employees in the ordinary course of business in the aggregate outstanding at any time not exceeding $1,000,000; (iv) loans or advances to employees in the ordinary course of business which are secured by stock in GBP in the aggregate outstanding at any time not exceeding $5,000,000; and (v) other loans or advances made in the ordinary course of business in the aggregate outstanding at any time not exceeding 5% of the book value of the total assets of the Borrower and its Consolidated Subsidiaries, determined in accordance with GAAP minus all amounts outstanding under clause (iii) of this Section 6.07 5.07 and minus Investments made and permitted pursuant to Section 6.09(D5.09(D); provided that after giving effect to the making of any loans, advances or deposits permitted by clauses (i), (ii), (iii) or (iv), the Borrower will be in full compliance with all the provisions of this Agreement.

Loans or Advances. Neither the BorrowerBorrowers, the Guarantors nor any other Subsidiary shall make loans or advances to any Person except: (i) deposits required by government agencies or public utilities; (ii) loans and advances made by Borrower Borrowers or any Guarantor to any Guarantor or to BorrowerBorrowers; (iii) loans or advances to directors, officers and employees in the ordinary course of business in the aggregate outstanding at any time not exceeding $1,000,000; (iv) loans or advances to employees in the ordinary course of business which are secured by stock in GBP in the aggregate outstanding at any time not exceeding $5,000,000; and (v) other loans or advances made in the ordinary course of business in the aggregate outstanding at any time not exceeding 5% of the book value of the total assets of the Borrower Parent and its Consolidated Subsidiaries, determined in accordance with GAAP minus all amounts outstanding under clause (iii) of this Section 6.07 and minus Investments made and permitted pursuant to Section 6.09(D)5.07; provided that after giving effect to the making of any loans, advances or deposits permitted by clauses (i), (ii), (iii) or (iv), the Borrower Borrowers will be in full compliance with all the provisions of this Agreement.