Loans to Officers or Affiliates. Not to make any loans, advances or other extensions of credit (including extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services) to any of the Borrower's executives, officers, directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entities (other than Infolab, Inc.
Loans to Officers or Affiliates. Not to make any loans, advances or other extensions of credit (including extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services) to any of the Borrower's executives, officers, directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entities, in excess of One Million Dollars ($1,000,000) in the aggregate outstanding at anytime, or to any affiliated entities of the Borrower or any subsidiary, except for intercompany loans permitted under Section 7.6(e).
Loans to Officers or Affiliates. Not to make any loans, advances or other extensions of credit (including extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services) to any of the Borrower’s executives, officers or directors (or any relatives of any of the foregoing), or to any affiliated entities in excess of Five Hundred Thousand and no/100 Dollars ($500,000.00) in the aggregate to all of the foregoing at any one time; provided that this Section 8.11 shall not prohibit Indebtedness issued in compliance with Section 8.7(f) above.
Loans to Officers or Affiliates. Not to make any loans, advances or other extensions of credit to any of the Borrower's executives, officers, affiliates, directors, shareholders or Temtex International, Inc. (or any relatives of any of the foregoing), in excess of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00). This specifically excludes inter-company advances to subsidiaries. Intercompany advances among Borrower and guaranteeing subsidiaries are permitted.
Loans to Officers or Affiliates. Not to make any loans, advances or other extensions of credit (including extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services) to any Borrower's executives, officers, directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entities for an amount in excess of an aggregate of Eight Hundred Fifty Thousand Dollars ($850,000) in the aggregate during the term of this Agreement.
Loans to Officers or Affiliates. Except as permitted under Section 8.7(a), without the written consent of the Bank, not to make any loans, advances or other extensions of credit (including extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services) to any of the Borrower’s executives, officers, directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entities.
Loans to Officers or Affiliates. Except with respect to existing subordinated debt consented to by the Bank, not to make any loans, advances or other extensions of credit (including extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services except for accounts payable arising under the services agreement) to any of the Borrower's or any Guarantor’s executives, officers, directors or members (or any relatives of any of the foregoing), or to any affiliated entities. The provisions of this Section 8.13 shall also be applicable to the Guarantors.
Loans to Officers or Affiliates. Not to make any loans, advances or other extensions of credit to any of the Borrower's executives, officers, directors, shareholders, employees or Affiliates (or any relatives of any of the foregoing), provided that Borrower may enter into transactions (other than loans) with its Affiliates on any arm's length basis, and may make loans and advances to executives and officers in the ordinary course of its business provided that the aggregate outstanding amount thereof is not in excess of Two Hundred Fifty Thousand Dollars ($250,000) at any time. "Affiliate" means, as to any person or entity, any other person or entity which directly or indirectly controls, or is under common control with, or is controlled by, such person or entity. As used in this definition, "control" shall mean possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise), provided that, in any event, any person or entity that owns, directly or indirectly, 5% or more of the securities having ordinary voting power for the election of directors or other governing body of a corporation or partnership or other entity, will be deemed to control such corporation, partnership or other entity.
Loans to Officers or Affiliates. Not to make any loans, advances or other extensions of credit to any of the Borrower’s executives, officers, directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entities; provided, however, that the Borrower may from time to time make loans to Markets in a principal amount not exceeding $4,000,000 in the aggregate at any one time.
Loans to Officers or Affiliates. Not to make (or permit any of its subsidiaries to make) any loans, advances or other extensions of credit (including extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services) to any of the Borrower’s executives, officers, directors or shareholders (or any relatives of any of the foregoing), or to any affiliated entities, except for advances to employees of the Borrower and its subsidiaries to meet expenses incurred by such employees in the ordinary course of business.
