Common use of Loans and Advances Clause in Contracts

Loans and Advances. Except as set forth in the Schedule of Exceptions, the Company 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 in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

Appears in 2 contracts

Samples: Series B Convertible Preferred Stock Purchase Agreement, Series B Convertible Preferred Stock Purchase Agreement (Cancer Genetics, Inc)

AutoNDA by SimpleDocs

Loans and Advances. Except as set forth out in the Schedule of ExceptionsIII, the Company 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, except for advances to employees of the Company in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the CompanyCompany and employee computer loans.

Appears in 2 contracts

Samples: Class a Preferred Share Purchase Agreement (PointClickCare Corp.), Class a Preferred Share Purchase Agreement (PointClickCare Corp.)

Loans and Advances. Except as set forth in the on Schedule of Exceptions2.14, the Company 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 in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Intracel Corp), Note and Warrant Purchase Agreement (Intracel Corp)

Loans and Advances. Except as set forth in the Schedule of Exceptions2.16, the Company does not have 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 ordinary course advances to employees of the Company in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company, other than promissory notes being converted to Series A Preferred Stock pursuant to this Agreement.

Appears in 2 contracts

Samples: Series a Preferred Stock Purchase Agreement (Vincera, Inc.), Series a Preferred Stock Purchase Agreement (Vincera, Inc.)

Loans and Advances. Except as set forth in the Schedule of Exceptions------------------ 2.22, the Company 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 in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Hyseq Inc), Stock Purchase Agreement (Perkin Elmer Corp)

Loans and Advances. Except as set forth reflected in the Schedule of ExceptionsFinancial Statements ------------------- (as hereinafter defined), the Company 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, except for advances to employees of the Company in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

Appears in 1 contract

Samples: Series a Preferred Stock Purchase Agreement (Satellink Communications Inc)

Loans and Advances. Except as set forth in the on Schedule of ExceptionsI, ------------------ ---------- the Company 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 in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

Appears in 1 contract

Samples: Senior Subordinated Convertible Promissory Note and Warrant Purchase Agreement (Information Management Associates Inc)

Loans and Advances. Except as set forth in the on Schedule of ExceptionsI, the Company 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 in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

Appears in 1 contract

Samples: Senior Subordinated Convertible Promissory Note and Warrant Purchase Agreement (Wand Partners Sc Inc)

AutoNDA by SimpleDocs

Loans and Advances. Except as set forth identified in the Schedule of Exceptions3.15, the Company -------- ---- 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 in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

Appears in 1 contract

Samples: Merger Agreement (E2enet Inc)

Loans and Advances. Except as set forth in the on Schedule of Exceptions2(p), previously delivered to Buyer, the Company 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 in respect of reimbursable business expenses anticipated to be incurred by them it in connection with their its performance of services for the Company.

Appears in 1 contract

Samples: Purchase Agreement (Thermo-Mizer Environmental Corp)

Loans and Advances. Except as set forth in the on Schedule of Exceptions2(o), the Company does Companies do not have any outstanding loans or advances to any person person, entity or affiliate and is are not obligated to make any such loans or advances, except, in each case, for advances to employees of the Company Companies in respect of reimbursable business expenses anticipated to be incurred by them it in connection with their performance of services for the CompanyCompanies.

Appears in 1 contract

Samples: Purchase Agreement (Digital Creative Development Corp)

Loans and Advances. Except as set forth in the Schedule of Exceptions------------------ -------- I, the Company 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 in respect of reimbursable business expenses anticipated to be incurred by them in connection with their performance of services for the Company.

Appears in 1 contract

Samples: Series a Convertible Preferred Stock Purchase Agreement (Bailey Co L P)

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