Common use of Employee Loans Clause in Contracts

Employee Loans. Except for Permitted Investments of the type described in clause (viii) or (ix) of the definition thereof, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 5 contracts

Samples: Loan and Security Agreement (Quanterix Corp), Loan and Security Agreement (Quanterix Corp), Loan and Security Agreement (Cerecor Inc.)

AutoNDA by SimpleDocs

Employee Loans. Except for Permitted Investments of the type described in clause clauses (viiii), (vii) or (ixviii) of the definition thereof, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 3 contracts

Samples: Loan and Security Agreement (Sorrento Therapeutics, Inc.), Loan and Security Agreement (Sorrento Therapeutics, Inc.), Loan and Security Agreement (Sorrento Therapeutics, Inc.)

Employee Loans. Except for Permitted Investments of the type described in clause clauses (i) [existing Investments], (vii) [stock purchase loans] or (viii) or (ix) [travel advances and relocation loans] of the definition thereof, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (XOMA Corp)

Employee Loans. Except for Permitted Investments of the type described in clause (viii) or (ix) of the definition thereof, Borrower has no outstanding loans (other than as described under clause (viii) of the definition of Permitted Investments) to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Mela Sciences, Inc. /Ny)

Employee Loans. Except for Permitted Investments of the type described in clause (viii) or (ix) of the definition thereofthereof or on Schedule 5.13, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 1 contract

Samples: License and Maintenance Agreement (Aquantia Corp)

Employee Loans. Except for Permitted Investments of the type described in clause clauses (i), (viii) or (ix) of the definition thereof, Borrower has no outstanding loans to any employee, officer 18 or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.. 5.14

Appears in 1 contract

Samples: Loan and Security Agreement

AutoNDA by SimpleDocs

Employee Loans. Except for Permitted Investments of the type described in clause (viii) or (ix) of the definition thereof, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third third-party.

Appears in 1 contract

Samples: Loan and Security Agreement (Mast Therapeutics, Inc.)

Employee Loans. Except for Permitted Investments of the type described in clause clauses (i), (viii) or (ix) of the definition thereof, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Bellicum Pharmaceuticals, Inc)

Employee Loans. Except for Permitted Investments of the type described as permitted in clause (viii) or (ix) of the definition thereofPermitted Investments, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Stealth BioTherapeutics Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!