Common use of Loans to Other Persons Clause in Contracts

Loans to Other Persons. Borrower will not at any time make loans or advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 in the aggregate at any time for all such loans.

Appears in 4 contracts

Samples: Loan and Security Agreement (V One Corp/ De), Loan and Security Agreement (Vidamed Inc), Loan and Security Agreement (Backweb Technologies LTD)

AutoNDA by SimpleDocs

Loans to Other Persons. Borrower will not at any time make loans or advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 in the aggregate at any time for all such loans, except that Borrower may make cashless advances of credit to senior members of Borrower's management team to purchase restricted stock of Borrower.

Appears in 4 contracts

Samples: Loan and Security Agreement (Paradigm Genetics Inc), Loan and Security Agreement (Dendreon Corp), Master Loan and Security Agreement (Incara Pharmaceuticals Corp)

Loans to Other Persons. Borrower will not at any time make loans or advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 100,000 in the aggregate at any time for all such loans, except that Borrower may make cashless advances of credit to senior members of Borrower's management team to purchase restricted stock of Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cypress Bioscience Inc), Loan and Security Agreement (Genaissance Pharmaceuticals Inc)

Loans to Other Persons. Borrower will not at any time make loans or ---------------------- advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 in the aggregate at any time for all such loans.

Appears in 2 contracts

Samples: Security Agreement, Loan and Security Agreement (Odetics Inc)

Loans to Other Persons. Borrower will not at any time make loans or advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 200,000 in the aggregate at any time for all such loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Idt Corp)

Loans to Other Persons. Borrower will not at any time make loans or ---------------------- advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 100,000 in the aggregate at any time for all such loansloans and $100,000 in the aggregate outstanding at any one time for loans make to employees in connection with the purchase of the stock of the borrower by such employees or the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Pilot Network Services Inc)

Loans to Other Persons. Except among affiliates of the Borrower, Borrower will shall not at any time make loans or advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 in the aggregate at any time for all such loans, except that Borrower may make cashless advances of credit to senior members of Borrower’s management team to purchase restricted stock of Borrower.

Appears in 1 contract

Samples: Financing Agreement (Pacific Biometrics Inc)

Loans to Other Persons. Borrower will not at any time make loans or advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 of* in the aggregate at any time for all such loans.. * $50,000

Appears in 1 contract

Samples: Security Agreement (Bei Medical Systems Co Inc /De/)

AutoNDA by SimpleDocs

Loans to Other Persons. Borrower will not at any time make loans or advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 250,000 in the aggregate at any time for all such loans, including, without limitation, loans to employees in connection with their relocation expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Accumed International Inc)

Loans to Other Persons. Borrower will not at any time make loans or advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 50,000 in the aggregate at any time for all such loans.

Appears in 1 contract

Samples: Security Agreement (Bei Medical Systems Co Inc /De/)

Loans to Other Persons. Borrower will not at any time make loans or advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 50,000 in the aggregate at any time for all such loans, except that Borrower may make cashless advances of credit to senior members of Borrower's management team to purchase restricted stock of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Cellomics Inc)

Loans to Other Persons. The Borrower will not at any time make loans or advance any credit (except to trade debtors in the ordinary course of business) to any Person in excess of $25,000 in the aggregate at any time for all such loansloans to any Person except to trade debtors or employees, except that Borrower may make cashless advances of credit to senior members of Borrower's management team to purchase restricted stock of Borrower.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Keravision Inc /Ca/)

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