Loans and Advances. The Company and each Subsidiary does not have any outstanding loans or advances to any person and is not obligated to make any such loans or advances, except, in each case, for advances to employees of the Company or any Subsidiary in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company or any Subsidiary.
Appears in 3 contracts
Samples: Preferred Stock Purchase Agreement (PRT Group Inc), Common Stock and Warrant Unit Purchase Agreement (PRT Group Inc), Securities Purchase Agreement (PRT Group Inc)
Loans and Advances. The Except as set forth on Schedule 3.14, neither the Company and each nor any Subsidiary does not have has any outstanding loans or advances to any person Person and is not obligated to make any such loans or advances, except, in each case, for advances to employees of the Company or any the respective Subsidiary in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company or any the respective Subsidiary.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Intracel Corp), Securities Purchase Agreement (Intracel Corp)
Loans and Advances. The Neither the Company and each Subsidiary does not have nor any subsidiary has any outstanding loans or advances to any person and is not obligated to make any such loans or advances, except, in each case, for advances to employees of the Company or any Subsidiary in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company or any Subsidiaryand its subsidiaries taken as a whole.
Appears in 2 contracts
Samples: Preferred Stock Investment Agreement (Pease Oil & Gas Co /Co/), Preferred Stock Investment Agreement (Pease Oil & Gas Co /Co/)
Loans and Advances. The Neither the Company and each nor any Subsidiary does not have has any outstanding loans or advances to any person and is not obligated to make any such loans or advances, except, in each case, for advances to employees of the Company or any Subsidiary in respect of relocation costs or reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company or any SubsidiaryCompany.
Appears in 2 contracts
Samples: Note Purchase Agreement (Youbet Com Inc), Note Purchase Agreement (Youbet Com Inc)
Loans and Advances. The Except as set forth in Schedule 2.19, neither the Company and each nor any Subsidiary does not have has any outstanding loans or advances to any person and or is not obligated to make any such loans or advances, except, in each case, for advances to employees of the Company or any Subsidiary such entity in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company or any Subsidiarysuch entity.
Appears in 1 contract
Samples: Series D Preferred Stock Purchase Agreement (Finet Com Inc)
Loans and Advances. The Neither the Company and each nor any Subsidiary does not have has any outstanding loans or advances to any person and in excess of $1,000 or is not obligated to make any such loans or advances, except, in each case, for advances to employees of the Company or any Subsidiary in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company or any SubsidiaryCompany.
Appears in 1 contract
Loans and Advances. The Except for the Loans, neither the Company and each nor any Company Subsidiary does not have has any outstanding loans or advances to any person and Person or is not obligated to make any such loans or advances, except, in each casethe case of the Company, for advances to Company employees of the Company or any Subsidiary in respect of reimbursable business expenses anticipated to be incurred by them in the Ordinary Course of Business in connection with their performance of services for the Company or any Subsidiaryin an aggregate amount for all such employees not in excess of $10,000.
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