Permitted Loans amend Clause 21.13 (Loans and Guarantees):
Permitted Loans. Simultaneous with a Permitted Loan the Borrower shall (i) deliver to the Lender any and all documents related to such Permitted Loan, including without limitation any and all notes evidencing such Permitted Loan (collectively “Permitted Loan Documents”), (ii) notify, in writing, each borrower under such Permitted Loan that the Lender holds a security interest in the Permitted Loan, and the Lender has possession of the Permitted Loan Documents.
Permitted Loans. (h) Investments consisting of (i) travel advances and employee relocation loans and other employee loans and advances in the ordinary course of business, and (ii) loans to employees, officers or directors relating to the purchase of equity securities of a Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements approved by such Borrower’s Board of Directors;
Permitted Loans. (a) Amend Clause 23.15 (Loans and Guarantees) of the Credit Agreement to include:
Permitted Loans. Notwithstanding any other provision herein to the contrary, the Manager shall have the unilateral right (without the consent of any other Member) to cause the Company to borrow funds from any Person (including, without limitation, any Member or Affiliate thereof) from time to time for the purpose of paying trade payables or other obligations of the Company and which are set forth in an Approved Operating Budget or which are within the permitted variances described above in Section 7.5(d) and for which the Company does not have, in the reasonable good faith judgment of the Manager, sufficient funds to otherwise pay. The annual interest rate of any loan made by a Member or Affiliate thereof shall be equal to the greater of the rate of the Wall Street Journal prime plus 1% or 6%, and any such Member or Affiliate loan shall be repaid from first available Net Cash Flow (as determined in the reasonable good faith judgment of the Manager) and only from Net Cash Flow (which repayment shall be prior to distributions of Net Cash Flow to the Members pursuant to Section 6.1). The terms of any loan from an unaffiliated party shall be on commercially reasonable terms and conditions.
Permitted Loans. 16.2.3 any guarantee or indemnity given in respect of Permitted Indebtedness; or
Permitted Loans amend clause 19.15 (Loans and guarantees) of the Credit Agreement to include loans made in connection with any start-up financing or seed funding provided that any such loans shall not exceed an aggregate value equal to the greater of (i) €25,000,000 and (ii) 1.00% of Total Assets.
Permitted Loans. Neither Borrower shall, or permit any Subsidiary to, make or commit to make any advance, loan, extension of credit or capital contribution to or in, any Person including any Affiliate of the Borrower (together, “Loans”), except for:
Permitted Loans. Section 10.9 is amended in its entirety to read as follows:
Permitted Loans. The Trustee (or the Administrator if the Trustee is a nondiscretionary Trustee or if loans are treated as Participant directed investments) may, in the Trustee's (or, if applicable, the Administrator's) sole discretion, make loans to Participants or Beneficiaries. If loans are permitted, then the following shall apply: (1) loans shall be made available to all Participants and Beneficiaries on a reasonably equivalent basis; (2) loans shall not be made available to Highly Compensated Employees in an amount greater than the amount made available to other Participants; (3) loans shall bear a reasonable rate of interest; (4) loans shall be adequately secured; and (5) loans shall provide for periodic repayment over a reasonable period of time. Furthermore, no Participant loan shall exceed the Participant's Vested interest in the Plan. For purposes of this Section, the term Participant shall include any Eligible Employee who is not yet a Participant, if, pursuant to the Adoption Agreement, "rollovers" are permitted to be accepted from Eligible Employees.
