Common use of Certain Advances Clause in Contracts

Certain Advances. There are no loans by the Company or the ---------------- Subsidiary to any directors, officers, employees, consultants or shareholders of the Company or the Subsidiary, or owing by any affiliate of any director or officer of the Company or the Subsidiary, other than advances in the ordinary course of business consistent with past practice to officers and employees for reimbursable business expenses which are not in excess of (pound)1,000 for any one individual.

Appears in 1 contract

Samples: Share Purchase Agreement (Incyte Pharmaceuticals Inc)

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Certain Advances. There are no loans by the Company or the ---------------- Subsidiary to any directors, officers, employees, consultants or shareholders of the Company or the SubsidiaryCompany, or owing by any affiliate of any director or officer of the Company or the SubsidiaryCompany, other than advances in the ordinary course of business consistent with past practice to officers and employees for reimbursable business expenses which are not in excess of (pound)1,000 $1,000 for any one individual.

Appears in 1 contract

Samples: Share Purchase Agreement (Sirf Technology Holdings Inc)

Certain Advances. There are no loans by the Company or the ---------------- Subsidiary Companies to any directors, officers, employees, consultants or shareholders of the Company or the SubsidiaryCompanies, or owing by any affiliate of any director or officer of the Company or the SubsidiaryCompanies, other than advances in the ordinary course of business consistent with past practice to officers and employees for reimbursable business expenses which are not in excess of (pound)1,000 US$1,000 for any one individual.

Appears in 1 contract

Samples: Share Purchase Agreement (En Pointe Technologies Inc)

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Certain Advances. There are no loans by the Company or the ---------------- Subsidiary to any directors, officers, employees, consultants or shareholders of the Company or the SubsidiaryCompany, or owing by any affiliate Affiliate of any director or officer of the Company or the SubsidiaryCompany, other than advances in the ordinary course of business consistent with past practice to officers and employees for reimbursable business expenses which are not in excess of (pound)1,000 US$l,000 or the equivalent in any other currency for any one anyone individual.

Appears in 1 contract

Samples: Share Purchase Agreement (Brek Energy Corp)

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