Permissible Loans Sample Clauses

Permissible Loans. Borrower shall not make any loan or advance to any Person other than (a) advances made in the ordinary course of business; (b) loans to Subsidiaries, and to joint ventures of which Borrower is a partner, not exceeding $ 10,000,000 in the aggregate; and (c) loans to Subsidiaries in any amount if such Subsidiary provides to Lender prior to the disbursement of such loan a limited guaranty of the Obligations, in the form of Exhibit E hereto, limited in principal amount to the principal amount of such loan. Upon repayment to Borrower of any such Subsidiary loan, Lender shall, upon request by Borrower, release such guaranty.

Permissible Loans. Make any loans or other extensions of credit to any individual or entity outside the ordinary course of business, except for loans or extensions of credit that do not exceed an aggregate amount of $3,000,000 outstanding at any one time, on a consolidated basis.

Permissible Loans. 24 6.6 Contracts.................................................. 25 6.7 Securities................................................. 25 6.8

Permissible Loans. Each Employee shall be eligible to make loans against their vested retirement benefits. The following loan provisions, and any other provisions concerning loans by the employees, shall be determined by the loan administrator. 1) Maximum Number of Loans 2) Processing Fees 3) Minimum and Maximum Amounts 4) Interest To Be Paid 5) Maximum Loan Period Payback of loans shall be in accordance to the plan administrator’s loan guidelines when an employee leaves Allegan County employment