Common use of Loans to Executive Officers and Directors Clause in Contracts

Loans to Executive Officers and Directors. PubCo has not extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to any director or executive officer of PubCo in violation of Section 402 of the Sxxxxxxx-Xxxxx Act.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (GlyEco, Inc.), Agreement and Plan of Merger (Grace 2, Inc.)

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Loans to Executive Officers and Directors. PubCo has not extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to any director or executive officer of PubCo in violation of Section 402 of the SxxxxxxxXxxxxxxx-Xxxxx Act.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Left Behind Games Inc.)

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Loans to Executive Officers and Directors. PubCo Since September 30, 2009, Pubco has not extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to any director or executive officer of PubCo Pubco in violation of Section 402 of the SxxxxxxxXxxxxxxx-Xxxxx Act.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Charleston Basics Inc)

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