No Foreign Investment. The proceeds of the Loan will not be used substantially for a foreign operation. At the time of the Loan, Borrower will not have more than 49 percent of its employees or tangible assets located outside the United States. The representation in this subsection (7) is made only as of the date hereof and shall not continue for one year as contemplated in the first sentence of this Section 1.
Appears in 32 contracts
Samples: Loan and Guaranty Agreement, Loan and Security Agreement, Loan and Security Agreement (Phaserx, Inc.)
No Foreign Investment. The proceeds of the Loan will not be used substantially for a foreign operation. At the time of the Loan, Borrower will not have more than 49 percent of its employees or tangible assets located outside the United StatesStates of America. The representation in this subsection (7) is made only as of the date hereof and shall not continue for one year as contemplated in the first sentence of this Section 1.
Appears in 9 contracts
Samples: Loan and Security Agreement (Tg Therapeutics, Inc.), Loan and Security Agreement (Tricida, Inc.), Loan and Security Agreement (Arsanis, Inc.)
No Foreign Investment. The proceeds of the Loan will not be used substantially for a foreign operation. At the time of the Loan, Borrower will not have more than 49 percent of its employees or tangible assets located outside the United States. The representation in this subsection (7vii) is made only as of the date hereof and shall not continue for one year as contemplated in the first sentence of this Section 1.
Appears in 3 contracts
Samples: Loan and Security Agreement (Paratek Pharmaceuticals, Inc.), Loan and Security Agreement (Paratek Pharmaceuticals, Inc.), Loan and Security Agreement (Paratek Pharmaceuticals, Inc.)
No Foreign Investment. The proceeds of the Loan will not be used substantially for a foreign operation. At the time of the Loan, Borrower will not have more than 49 percent of its employees or tangible assets located outside the United StatesStates of America. The representation in this subsection (7) is made only as of the date hereof and shall not continue for one year as contemplated in the first sentence of this Section 1.. (b)
Appears in 2 contracts
Samples: Loan and Security Agreement (Tricida, Inc.), Loan and Security Agreement (Concert Pharmaceuticals, Inc.)
No Foreign Investment. The proceeds of the Loan will not be used substantially for a foreign operation. At the time of the Loan, Borrower will not have more than 49 percent 49% of its employees or tangible assets located outside the United States. The representation in this subsection (7) is made only as of the date hereof and shall not continue for one year as contemplated in the first sentence of this Section 1.
Appears in 1 contract
Samples: Loan and Security Agreement (Bellicum Pharmaceuticals, Inc)
No Foreign Investment. The proceeds of the Loan will not be used substantially for a foreign operation. At the time of the Loan, Borrower will not have more than 49 percent of its employees or tangible assets located outside the United States. The representation in this subsection (7) is made only as of the date hereof and shall not continue for one year as contemplated in the first sentence opening paragraph of this Section 1subsection (a) above.
Appears in 1 contract
No Foreign Investment. The proceeds of the Loan will not be used substantially for a foreign operation. At the time of the Loan, no Borrower will not have more than 49 percent of its employees or tangible assets located outside the United States. The representation in this subsection (7) is made only as of the date hereof and shall not continue for one year as contemplated in the first sentence of this Section 1.
Appears in 1 contract
Samples: Loan and Security Agreement (Anthera Pharmaceuticals Inc)
No Foreign Investment. The proceeds of the Loan will not be used substantially for a foreign operation. At the time of the Loan, Borrower will not have more than 49 forty-nine percent (49%) of its employees or tangible assets located outside the United States. The representation in this subsection (7) is made only as of the date hereof and shall not continue for one year as contemplated in the first sentence of this Section 1.
Appears in 1 contract
Samples: Loan and Security Agreement (Cleveland Biolabs Inc)
No Foreign Investment. The proceeds of the Loan will not be used substantially for a foreign operation. At the time of the Loan, Borrower will not have more than 49 percent of its employees or tangible assets located outside the United States. The representation in this subsection (7) is made only as of the date hereof and shall not continue for one year as contemplated in the first sentence of this Section 1Section.
Appears in 1 contract
No Foreign Investment. The proceeds of the Loan will not be used substantially for a foreign operationsubsidiary. At the time of the Loan, Borrower will not have more than 49 percent of its employees or tangible assets located outside the United States. The representation in this subsection (7) is made only as of the date hereof and shall not continue for one year as contemplated in the first sentence of this Section 1.
Appears in 1 contract
Samples: Loan and Security Agreement (Panacos Pharmaceuticals, Inc.)
