Common use of Employee Loans Clause in Contracts

Employee Loans. Except as permitted hereunder, no Loan Party has outstanding loans to any employee, officer or director of such Loan Party nor has any Loan Party guaranteed the payment of any loan made to an employee, officer or director of such Loan by a third party.

Appears in 2 contracts

Samples: Loan and Security Agreement (Urovant Sciences Ltd.), Loan and Security Agreement (Dermavant Sciences LTD)

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Employee Loans. Except Other than as permitted hereunderpursuant to Section 7.7, no Loan Party has outstanding loans to any employee, officer or director of such Loan Party nor has any Loan Party guaranteed the payment of any loan made to an employee, officer or director of such Loan Party by a third party.

Appears in 2 contracts

Samples: Loan and Security Agreement (Spire Global, Inc.), Loan and Security Agreement (NavSight Holdings, Inc.)

Employee Loans. Except as permitted hereunder, no No Loan Party has outstanding loans to any employee, officer or director of such Loan Party nor has any Loan Party guaranteed the payment of any loan made to an employee, officer or director of such Loan by a third party, other than loans under the Loan Funded Share Plan.

Appears in 2 contracts

Samples: Loan Agreement and Guaranty (Mesoblast LTD), Loan and Security Agreement (Mesoblast LTD)

Employee Loans. Except as permitted hereunderfor Permitted Investments, no Loan Party has outstanding loans to any employee, officer or director of such Loan Party nor has any Loan Party guaranteed the payment of any loan made to an employee, officer or director of such Loan Party by a third party.

Appears in 2 contracts

Samples: Loan and Security Agreement (Madrigal Pharmaceuticals, Inc.), Loan and Security Agreement (Madrigal Pharmaceuticals, Inc.)

Employee Loans. Except as permitted hereunder, no No Loan Party has outstanding loans to any employee, officer or director of such Loan Party nor has any Loan Party guaranteed the payment of any loan made to an employee, officer or director of such Loan Party by a third party, except as permitted by the Loan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Eloxx Pharmaceuticals, Inc.), Loan and Security Agreement (BiomX Inc.)

Employee Loans. Except as permitted hereunder, no No Loan Party has outstanding loans to any employee, officer or director of such Loan Party nor has any Loan Party guaranteed the payment of any loan made to an employee, officer or director of such Loan by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Axovant Sciences Ltd.)

Employee Loans. Except as permitted hereunder, no Loan Party has outstanding loans to any employee, officer or director of such Loan Party nor has any Loan Party guaranteed the payment of any loan made to an employee, officer or director of such Loan Party by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (BICYCLE THERAPEUTICS PLC)

Employee Loans. Except for loans constituting Permitted Investments or as permitted hereunderdescribed on Schedule 5.13, no Loan Party has outstanding loans to any employee, officer or director of such Loan Party nor has any such Loan Party guaranteed the payment of any loan made to an employee, officer or director of such Loan Party by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (NeueHealth, Inc.)

Employee Loans. Except as permitted hereunder, no No Loan Party has outstanding loans to any employee, officer or director of such Loan Party nor has any Loan Party guaranteed the payment of any loan made to an employee, officer or director of such Loan by a third partyThird Party, other than loans under the Loan Funded Share Plan.

Appears in 1 contract

Samples: Loan and Security Agreement (Mesoblast LTD)

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Employee Loans. Except as permitted hereunderfor Permitted Investments (and, for the avoidance of doubt, loans under any plan sponsored by a Loan Party or to which a Loan Party contributes that is intended to be qualified under Section 401(a) of the Code (“Qualified Plan Loans”)), , no Loan Party has outstanding loans to any employee, officer or director of such Loan Party nor has any Loan Party guaranteed the payment of any loan made to an employee, officer or director of such Loan Party by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Provention Bio, Inc.)

Employee Loans. Except as permitted hereunderfor Permitted Investments, no Loan Party has any outstanding loans to any employee, officer or director of such a Loan Party Party, nor has any Loan Party guaranteed the payment of any loan made to an employee, officer or director of such a Loan Party by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Transenterix Inc.)

Employee Loans. Except as permitted hereunderOther than loans constituting Permitted Investments, no Loan Party has outstanding loans to any employee, officer or director of such Loan Party nor has any Loan Party |US-DOCS\138581207.1138581207.7|| guaranteed the payment of any loan made to an employee, officer or director of such Loan by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Ouster, Inc.)

Employee Loans. Except as permitted hereunderOther than loans constituting Permitted Investments, no Loan Party has any outstanding loans to any employee, officer officer, manager or director of such Loan Party Party, nor has any Loan Party guaranteed the payment of any loan made to an employee, officer officer, manager or director of such Loan Party by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (BridgeBio Pharma, Inc.)

Employee Loans. Except as permitted hereunderin clause (viii) of Permitted Investments, no Loan Party has outstanding loans to any employee, officer or director of such any Loan Party nor has any Loan Party guaranteed the payment of any loan made to an employee, officer or director of such any Loan Party by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Nabriva Therapeutics PLC)

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