{"component": "clause", "props": {"groups": [{"samples": [{"hash": "esDbgQpnApL", "uri": "/contracts/esDbgQpnApL#insider-debt", "label": "Investment Agreement (Mitchell Noah Malone III)", "score": 21.0, "published": true}, {"hash": "81Hje3HXACI", "uri": "/contracts/81Hje3HXACI#insider-debt", "label": "Investment Agreement (Transatlantic Petroleum Corp.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-directors", "type": "clause", "offset": [8, 21]}, {"key": "former-directors", "type": "clause", "offset": [23, 39]}, {"key": "former-shareholders", "type": "definition", "offset": [82, 101]}, {"key": "employees-of", "type": "clause", "offset": [105, 117]}, {"key": "person-or-company", "type": "definition", "offset": [159, 176]}, {"key": "income-tax-act", "type": "clause", "offset": [242, 256]}, {"key": "the-foregoing", "type": "definition", "offset": [279, 292]}], "size": 3, "snippet": "None of the directors, former directors, officers, former officers, shareholders, former shareholders or employees of TransAtlantic or its Subsidiaries or any Person or company not dealing at arm\u2019s length (as such term is construed under the Income Tax Act (Canada)) with any of the foregoing is indebted to TransAtlantic or its Subsidiaries.", "hash": "b2c5d754ac72aa099b2150f544b46e9d", "id": 1}, {"samples": [{"hash": "bbKu9xPqqTA", "uri": "/contracts/bbKu9xPqqTA#insider-debt", "label": "Stock Exchange Agreement and Plan of Merger (Nugget Exploration Inc)", "score": 16.0, "published": true}, {"hash": "9v5GZXebVe4", "uri": "/contracts/9v5GZXebVe4#insider-debt", "label": "Stock Exchange Agreement and Plan of Merger (Nugget Exploration Inc)", "score": 16.0, "published": true}], "snippet_links": [{"key": "except-as-specifically", "type": "clause", "offset": [0, 22]}, {"key": "audited-financial-statements", "type": "clause", "offset": [40, 68]}, {"key": "members-of", "type": "clause", "offset": [186, 196]}, {"key": "employees-of", "type": "clause", "offset": [221, 233]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [248, 270]}, {"key": "material-debt", "type": "definition", "offset": [297, 310]}, {"key": "the-closing-date", "type": "clause", "offset": [548, 564]}, {"key": "pension-plan", "type": "definition", "offset": [569, 581]}, {"key": "stock-purchase-plan", "type": "clause", "offset": [607, 626]}, {"key": "certain-options", "type": "clause", "offset": [655, 670]}, {"key": "executive-officers", "type": "definition", "offset": [683, 701]}], "size": 2, "snippet": "Except as specifically set forth in its audited financial statements, Nugget does not owe any money, securities, or property to any of the following persons: Nugget Shareholders, family members of Nugget Shareholders, or employees of Nugget either directly or indirectly. Nugget does not have any material debt, liability or obligation of any nature, whether accrued, absolute, contingent or otherwise, and whether due or to become due, that is not reflected in its audited financial statements. Nugget does not currently have, nor will it have on the Closing Date any pension plan, profit-sharing plan, or stock purchase plan for any of its employees or certain options to proposed executive officers.", "hash": "295738448033d64d67d47272208b1a22", "id": 2}, {"samples": [{"hash": "iJVWh9c5WF6", "uri": "/contracts/iJVWh9c5WF6#insider-debt", "label": "Guaranty Agreement (Excalibur Industries Inc)", "score": 18.0, "published": true}, {"hash": "7ClQz1Nqn0P", "uri": "/contracts/7ClQz1Nqn0P#insider-debt", "label": "Guaranty Agreement (Shumate Industries Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "by-the-directors", "type": "clause", "offset": [51, 67]}, {"key": "members-of", "type": "clause", "offset": [113, 123]}, {"key": "any-loan", "type": "clause", "offset": [154, 162]}, {"key": "credit-sale", "type": "definition", "offset": [164, 175]}, {"key": "other-transaction", "type": "clause", "offset": [179, 196]}], "size": 2, "snippet": "Permit funds to be owing to Industries and Machine by the directors or stockholders of Industries or Machine, or members of their families, on account of any loan, credit sale or other transaction or event;", "hash": "40f925baa9732df3f5b6dd820646a35e", "id": 3}, {"samples": [{"hash": "bbKu9xPqqTA", "uri": "/contracts/bbKu9xPqqTA#insider-debt", "label": "Stock Exchange Agreement and Plan of Merger (Nugget Exploration Inc)", "score": 16.0, "published": true}, {"hash": "9v5GZXebVe4", "uri": "/contracts/9v5GZXebVe4#insider-debt", "label": "Stock Exchange Agreement and Plan of Merger (Nugget Exploration Inc)", "score": 16.0, "published": true}], "snippet_links": [{"key": "except-as-specifically", "type": "clause", "offset": [0, 22]}, {"key": "audited-financial-statements", "type": "clause", "offset": [50, 78]}, {"key": "members-of", "type": "clause", "offset": [226, 236]}, {"key": "employees-of", "type": "clause", "offset": [266, 278]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [318, 340]}, {"key": "material-debt", "type": "definition", "offset": [391, 404]}, {"key": "the-closing-date", "type": "clause", "offset": [668, 684]}, {"key": "pension-plan", "type": "definition", "offset": [689, 701]}, {"key": "stock-purchase-plan", "type": "clause", "offset": [727, 746]}, {"key": "certain-options", "type": "clause", "offset": [775, 790]}, {"key": "executive-officers", "type": "definition", "offset": [803, 821]}], "size": 2, "snippet": "Except as specifically set forth herein or in its audited financial statements, neither GoHealth.md nor its subsidiaries owe any money, securities, or property to any of the following persons: GoHealth.md Shareholders, family members of GoHealth.md Shareholders, or employees of GoHealth.md or its subsidiaries either directly or indirectly. GoHealth.md and its subsidiaries do not have any material debt, liability or obligation of any nature, whether accrued, absolute, contingent or otherwise, and whether due or to become due, that is not reflected in its audited financial statements. GoHealth.md and its subsidiaries do not currently have, nor will they have on the Closing Date any pension plan, profit-sharing plan, or stock purchase plan for any of its employees or certain options to proposed executive officers.", "hash": "504bb31d2b0ad48ab2e03365a6991db2", "id": 4}, {"samples": [{"hash": "bbKu9xPqqTA", "uri": "/contracts/bbKu9xPqqTA#insider-debt", "label": "Stock Exchange Agreement and Plan of Merger (Nugget Exploration Inc)", "score": 16.0, "published": true}, {"hash": "9v5GZXebVe4", "uri": "/contracts/9v5GZXebVe4#insider-debt", "label": "Stock Exchange Agreement and Plan of Merger (Nugget Exploration Inc)", "score": 16.0, "published": true}], "snippet_links": [{"key": "except-as-specifically", "type": "clause", "offset": [0, 22]}, {"key": "audited-financial-statements", "type": "clause", "offset": [40, 68]}, {"key": "newco-shareholders", "type": "definition", "offset": [157, 175]}, {"key": "members-of", "type": "clause", "offset": [184, 194]}, {"key": "employees-of", "type": "clause", "offset": [218, 230]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [244, 266]}, {"key": "material-debt", "type": "definition", "offset": [292, 305]}, {"key": "the-closing-date", "type": "clause", "offset": [542, 558]}, {"key": "pension-plan", "type": "definition", "offset": [563, 575]}, {"key": "stock-purchase-plan", "type": "clause", "offset": [601, 620]}, {"key": "certain-options", "type": "clause", "offset": [649, 664]}, {"key": "executive-officers", "type": "definition", "offset": [677, 695]}], "size": 2, "snippet": "Except as specifically set forth in its audited financial statements, Newco does not owe any money, securities, or property to any of the following persons: Newco Shareholders, family members of Newco Shareholders, or employees of Newco either directly or indirectly. Newco does not have any material debt, liability or obligation of any nature, whether accrued, absolute, contingent or otherwise, and whether due or to become due, that is not reflected in its audited financial statements. Newco does not currently have, nor will it have on the Closing Date any pension plan, profit-sharing plan, or stock purchase plan for any of its employees or certain options to proposed executive officers.", "hash": "5900016d54656be1443a6b67b9843850", "id": 5}, {"samples": [{"hash": "b52RYAgcvWI", "uri": "/contracts/b52RYAgcvWI#insider-debt", "label": "Loan Agreement (Excalibur Industries Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "to-the-borrower", "type": "clause", "offset": [25, 40]}, {"key": "by-the-directors", "type": "clause", "offset": [41, 57]}, {"key": "of-the-borrower", "type": "clause", "offset": [74, 89]}, {"key": "the-guarantors", "type": "clause", "offset": [93, 107]}, {"key": "members-of", "type": "clause", "offset": [112, 122]}, {"key": "any-loan", "type": "clause", "offset": [153, 161]}, {"key": "credit-sale", "type": "definition", "offset": [163, 174]}, {"key": "other-transaction", "type": "clause", "offset": [178, 195]}], "size": 2, "snippet": "Permit funds to be owing to the Borrower by the directors or shareholders of the Borrower or the Guarantors, or members of their families, on account of any loan, credit sale or other transaction or event;", "hash": "ef572c7e0a5b53fdd80192bdfba19ca2", "id": 6}, {"samples": [{"hash": "dsrkBWNqcAZ", "uri": "/contracts/dsrkBWNqcAZ#insider-debt", "label": "Securities Purchase Agreement (TDT Development Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-debtor", "type": "clause", "offset": [71, 81]}, {"key": "obligations-relating-to-the", "type": "clause", "offset": [191, 218]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [280, 302]}, {"key": "in-accordance-with", "type": "definition", "offset": [340, 358]}, {"key": "terms-of", "type": "definition", "offset": [363, 371]}, {"key": "promissory-note", "type": "clause", "offset": [374, 389]}, {"key": "attached-hereto-as-exhibit", "type": "definition", "offset": [402, 428]}], "size": 2, "snippet": "All of the debt held by the Stronghold Insider for which Stronghold is the debtor (the \"Insider Debt\") shall be restructured as ------------ follows and Stronghold shall be released from all obligations relating to the Insider Debt: (i) $1,000,000 shall be converted into 666,667 shares of Common Stock; and (ii) $1,200,000 shall be repaid in accordance with the terms of a promissory note in the form attached hereto as Exhibit F.", "hash": "18d1f75aee0e17d7915c7b49e944acd3", "id": 7}, {"samples": [{"hash": "GE3XNgJMw6", "uri": "/contracts/GE3XNgJMw6#insider-debt", "label": "Amalgamation Agreement", "score": 33.8232440923, "published": true}], "snippet_links": [{"key": "the-directors", "type": "clause", "offset": [8, 21]}, {"key": "former-directors", "type": "clause", "offset": [23, 39]}, {"key": "former-shareholders", "type": "definition", "offset": [82, 101]}, {"key": "employees-of", "type": "clause", "offset": [105, 117]}, {"key": "any-person", "type": "definition", "offset": [132, 142]}, {"key": "the-foregoing", "type": "definition", "offset": [183, 196]}], "size": 1, "snippet": "None of the directors, former directors, officers, former officers, shareholders, former shareholders or employees of PowerStone or any Person not dealing at arm\u2019s length with any of the foregoing is indebted to PowerStone.", "hash": "2dcd22d7f185ed52983424ef66c1b31b", "id": 8}, {"samples": [{"hash": "2DLkrjfTGrW", "uri": "/contracts/2DLkrjfTGrW#insider-debt", "label": "Share Purchase Agreement (CaesarStone Sdot-Yam Ltd.)", "score": 23.1245722108, "published": true}], "snippet_links": [{"key": "disclosure-schedule", "type": "clause", "offset": [19, 38]}, {"key": "accurate-and-complete", "type": "clause", "offset": [51, 72]}, {"key": "by-the-company", "type": "clause", "offset": [143, 157]}, {"key": "a-director", "type": "clause", "offset": [161, 171]}, {"key": "of-the-company", "type": "clause", "offset": [206, 220]}, {"key": "to-the-company", "type": "clause", "offset": [299, 313]}, {"key": "valid-obligations", "type": "clause", "offset": [364, 381]}, {"key": "bona-fide-transactions", "type": "clause", "offset": [395, 417]}, {"key": "entered-into", "type": "clause", "offset": [418, 430]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [431, 465]}, {"key": "not-in-violation", "type": "definition", "offset": [470, 486]}, {"key": "applicable-legal-requirements", "type": "definition", "offset": [490, 519]}], "size": 1, "snippet": "Part 2.4(f) of the Disclosure Schedule provides an accurate and complete breakdown of all amounts (including loans, advances or other\n(i) owed by the Company to a director, officer, employee or shareholder of the Company; and (ii) owed by a director, officer, employee or shareholder of the Company to the Company (the \u201cInsider Debt\u201d). All Insider Debt represents valid obligations arising from bona fide transactions entered into in the ordinary course of business and not in violation of applicable Legal Requirements.", "hash": "6fd535cfc632de6227fab092c1f25b06", "id": 9}, {"samples": [{"hash": "2DLkrjfTGrW", "uri": "/contracts/2DLkrjfTGrW#insider-debt", "label": "Share Purchase Agreement (CaesarStone Sdot-Yam Ltd.)", "score": 23.1245722108, "published": true}], "snippet_links": [{"key": "selling-shareholders", "type": "definition", "offset": [4, 24]}, {"key": "repayment-of", "type": "clause", "offset": [36, 48]}, {"key": "waivers-and-releases", "type": "clause", "offset": [84, 104]}, {"key": "and-the-purchaser", "type": "clause", "offset": [120, 137]}, {"key": "attached-hereto-as-exhibit", "type": "definition", "offset": [148, 174]}], "size": 1, "snippet": "All Selling Shareholders, receiving repayment of the Insider Debt shall have signed waivers and releases to the Company and the Purchaser in a form attached hereto as Exhibit C.", "hash": "35b8ffb65e0fb7da3899e938ce661dff", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVpbnNpZGVyLWRlYnQjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Insider Debt", "size": 15, "parents": [["negative-covenants", "NEGATIVE COVENANTS"], ["representations-and-warranties-of-transatlantic", "REPRESENTATIONS AND WARRANTIES OF TRANSATLANTIC"], ["restricted-stock", "Restricted Stock"], ["post-merger-affairs", "Post-Merger Affairs"], ["no-violation", "No  Violation"]], "children": [], "id": "insider-debt", "related": [["company-indebtedness", "Company Indebtedness", "Company Indebtedness"], ["existing-debt", "Existing Debt", "Existing Debt"], ["intercompany-indebtedness", "Intercompany Indebtedness", "Intercompany Indebtedness"], ["additional-indebtedness", "Additional Indebtedness", "Additional Indebtedness"], ["subordinated-indebtedness", "Subordinated Indebtedness", "Subordinated Indebtedness"]], "related_snippets": [], "updated": "2025-07-07T12:36:13+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Insider Debt clause defines the terms and conditions under which a company's insiders\u2014such as directors, officers, or significant shareholders\u2014may lend money to the company. Typically, this clause outlines the permissible circumstances for such loans, the required approvals (such as board or shareholder consent), and any limitations on interest rates or repayment terms to ensure fairness and transparency. Its core function is to prevent conflicts of interest and protect the company and its stakeholders from potentially unfavorable or non-arm's-length lending arrangements."}, "json": true, "cursor": ""}}