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 (Backweb Technologies LTD), Loan and Security Agreement (V One Corp/ De), Loan and Security Agreement (Vidamed 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, 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 (Dendreon Corp), Loan and Security Agreement (Repeater Technologies Inc), 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: Annual Report, 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 $25,000 100,000 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.
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Loans to Other Persons. Borrower will not at any time make loans or ---------------------- advance any credit (except to trade xxxx 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.. *$100,000
Appears in 1 contract
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.
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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: Loan and 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 $25,000 200,000 in the aggregate at any time for all such loans.
Appears in 1 contract
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/)
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)