Restrictions on Borrower. Until payment in full of the Obligations, Borrower shall not, without ▇▇▇▇▇▇’s prior written consent: (a) lend money, give credit or make advances to any person, firm, joint venture, partnership, corporation or other entity, including, without limitation, officers, directors, employees, subsidiaries and affiliates of Borrower, except loans, credits or advances made in the ordinary course of business in connection with ▇▇▇▇▇▇▇▇’s sales to third party customers; or (b) assume, guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any person, firm, joint venture, partnership, corporation or other entity, except by the endorsement of negotiable instruments for deposit or collection.
Appears in 2 contracts
Sources: Secured Promissory Note (C-Bond Systems, Inc), Secured Promissory Note (C-Bond Systems, Inc)