Common use of Extensions of Credit Clause in Contracts

Extensions of Credit. Make any loan or advance to any individual, partnership, corporation or other entity without consent of Lender, except (a) loans and intercompany adjustments between Borrower and its subsidiaries occurring in the ordinary course of business, and (b) advances made to employees of Borrower for the payment by them of items for which an expense report or voucher will be filed and which items will constitute ordinary and necessary business expenses of Borrower.

Extensions of Credit. Make any loan or advance to any individual, partnership, corporation or other entity without consent of Lender, except (a) loans and intercompany adjustments between Borrower and its subsidiaries occurring in the ordinary course of business, and (b) advances made to employees of Borrower for the payment by them of items for which an expense report or voucher will be filed and which items will constitute ordinary and necessary business expenses of Borrower.

Extensions of Credit. Make any loan or advance to any individual, partnership, corporation or other entity without consent of Lender, except (a) loans and intercompany adjustments between Borrower among Borrowers and its subsidiaries their Subsidiaries occurring in the ordinary course of business, and (b) advances made to employees of Borrower such Loan Party for the payment by them of items for which an expense report or voucher will be filed and which items will constitute ordinary and necessary business expenses of Borrowersuch Loan Party.

Extensions of Credit. Make any loan or advance to any individual, partnership, corporation or other entity without consent of LenderBank, except (a) loans and intercompany adjustments between Borrower and its subsidiaries occurring in the ordinary course of business, and (b) advances made to employees of Borrower for the payment by them of items for which an expense report or voucher will be filed and which items will constitute ordinary and necessary business expenses of Borrower, and (c) loans to employees of Borrower which do not exceed $50,000 in the aggregate to all employees at any one time outstanding.

Extensions of Credit. Make any loan or advance to any individual, partnership, corporation or other entity without consent of Lenderthe Required Lenders, except (a) loans and intercompany adjustments between Borrower among Borrowers and its subsidiaries their Subsidiaries occurring in the ordinary course of business, and (b) advances made to employees of Borrower such Loan Party for the payment by them of items for which an expense report or voucher will be filed and which items will constitute ordinary and necessary business expenses of Borrowersuch Loan Party.