Employee Loans. Borrower shall not make loans to employees in excess of the aggregate amount of $25,000 in any fiscal year without the prior written consent of the Bank in its sole discretion.
Appears in 3 contracts
Samples: Eighth Loan Modification Agreement (Coffee Holding Co Inc), Eighth Loan Modification Agreement (Coffee Holding Co Inc), Loan and Security Agreement (Coffee Holding Co Inc)
Employee Loans. Borrower shall not make loans to employees in excess of the aggregate amount of $25,000 25,000.00 in any fiscal year without the prior written consent of the Bank in its sole discretion.
Appears in 2 contracts
Samples: Loan and Security Agreement (CHDT Corp), Loan and Security Agreement (Coffee Holding Co Inc)
