Common use of Loans and Guarantees Clause in Contracts

Loans and Guarantees. The Borrowers shall be permitted to make loans and grant credit upon such terms as they may determine to any other member of their Group and may otherwise give any guarantee or indemnity to procure financing for other members of their Group, but shall not otherwise make any loans or grant any credit (save in the ordinary course of business) or give any guarantee or indemnity (except pursuant to the Security Documents); Provided that the Borrowers shall not make any such loans or guarantees following the occurrence of an Event of Default which is continuing unremedied or unwaived.

Loans and Guarantees. The Borrowers shall be permitted to make loans and grant credit upon such terms as they may determine to any other member of their the Guarantor Group and may otherwise give any guarantee or indemnity to procure financing for other members of their the Guarantor Group, but shall not otherwise make any loans or grant any credit (save in the ordinary course of business) or give any guarantee or indemnity (except pursuant to the Security Documents); Provided that the Borrowers shall not make any such loans or guarantees following the occurrence of an Event of Default which is continuing unremedied or unwaived.

Loans and Guarantees. The Each of the Borrowers shall be permitted to make loans and or grant credit upon such terms as they it may determine to any other member of their the Guarantor Group and may otherwise give any guarantee or indemnity to procure financing for other members of their Group, but shall not otherwise make any loans or grant any credit (save in the ordinary course of business) or give any guarantee or indemnity (except in the ordinary course of business or pursuant to the Security Documents); Provided provided that the Borrowers shall not make any such loans or guarantees following the occurrence of an Event of Default which is continuing unremedied or unwaivedunwaived .