Common use of Loans to Officers and Directors Clause in Contracts

Loans to Officers and Directors. Except as set forth on Schedule 5.25, there are no outstanding loans made by any Principal Company or any of its Subsidiaries to any of their officers, directors or shareholders (directly or indirectly) or any of such Persons’ Affiliates or guarantees or security interests given by any Principal Company or any of its Subsidiaries in connection with any loans to any of their officers, directors or shareholders (directly or indirectly) or any of such Persons’ Affiliates.

Appears in 4 contracts

Samples: Credit Agreement (Dialogic Inc.), Credit Agreement (Tennenbaum Capital Partners LLC), Credit Agreement (Dialogic Inc.)

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