Common use of No Loans or Advances Clause in Contracts

No Loans or Advances. Except for loans and advances outstanding as of the Closing Date or such loans and advances that are in compliance with the Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder, the Company will not make any loans, advances or other extensions of credit to the executive officers or directors of the Company, any Subsidiary or any family member or Affiliate of any of such executive officers or directors.

Appears in 4 contracts

Samples: Share Exchange Agreement (Broadcast Live Digital Corp.), Share Exchange Agreement (Helmer Directional Drilling Corp.), Share Exchange Agreement (Helmer Directional Drilling Corp.)

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No Loans or Advances. Except for loans and advances outstanding as of the Closing Date or such loans and advances that are in compliance with the Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder, the Acquiree Company will not make any loans, advances or other extensions of credit to the executive officers or directors of the Acquiree Company, any Subsidiary or any family member or Affiliate of any of such executive officers or directors.

Appears in 3 contracts

Samples: Share Exchange Agreement (Gushen, Inc), Share Exchange Agreement (Su Huibin), Share Exchange Agreement (CX Network Group, Inc.)

No Loans or Advances. Except for loans and advances outstanding as of the Closing Date or such loans and advances that are in compliance with the XxxxxxxxSxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder, the Acquiree Company will not make any loans, advances or other extensions of credit to the executive officers or directors of the Acquiree Company, any Subsidiary or any family member or Affiliate of any of such executive officers or directors.

Appears in 3 contracts

Samples: Share Exchange Agreement (Diamir Biosciences Corp.), Share Exchange Agreement (Diamir Biosciences Corp.), Share Exchange Agreement (American Education Center, Inc.)

No Loans or Advances. Except for loans and advances outstanding as of the Closing Date or such loans and advances that are in compliance with the Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunderDate, the Company and its Subsidiaries (direct or indirect) will not make any loans, advances or other extensions of credit to the executive officers or directors of the Company, any Subsidiary or any family member or Affiliate of any of such executive officers or directors.

Appears in 2 contracts

Samples: Note Purchase Agreement (China SLP Filtration Technology, Inc.), Note Purchase Agreement (Perpetual Technologies, Inc.)

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No Loans or Advances. Except for loans and advances outstanding as of the Closing Date or such loans and advances that are in compliance with the XxxxxxxxSarbanxx-Xxxxx Act of Xxx xf 2002 and the rules and regulations promulgated thereunder, the Acquiree Company will not make any loans, advances or other extensions of credit to the executive officers or directors of the Acquiree Company, any Subsidiary or any family member or Affiliate of any of such executive officers or directors.

Appears in 1 contract

Samples: Share Exchange Agreement (American BriVision (Holding) Corp)

No Loans or Advances. Except for loans and advances outstanding as of the Closing Date or such loans and advances that are in compliance with the XxxxxxxxSxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder, the Company will not make any loans, advances or other extensions of credit to the executive officers or directors of the Company, any Subsidiary or any family member or Affiliate of any of such executive officers or directors.

Appears in 1 contract

Samples: Share Exchange Agreement (Digital Angel Corp)

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