Common use of No Outstanding Loans or Other Indebtedness Clause in Contracts

No Outstanding Loans or Other Indebtedness. There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of business) or guarantees or indebtedness by the Company or any of its subsidiaries to or for the benefit of any of the officers or directors of the Company or any of its subsidiaries, or any of their respective family members, except as disclosed in the Registration Statement and the Prospectus. Neither the Company nor any of its subsidiaries has directly or indirectly extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer of the Company or its subsidiaries.

Appears in 2 contracts

Samples: Sales Agreement (ShiftPixy, Inc.), Sales Agreement (Alpine 4 Holdings, Inc.)

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No Outstanding Loans or Other Indebtedness. There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of business) or guarantees or indebtedness by the Company or any of its subsidiaries to or for the benefit of any of the officers or directors of the Company or executive officers of any of its subsidiariessubsidiaries to the extent such executive officers are executive officers of the Company, or any of their respective family members, except as disclosed in the Registration Statement and the Prospectus. Neither the The Company nor any of its subsidiaries has not directly or indirectly extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer of the Company or its subsidiariesCompany.

Appears in 1 contract

Samples: Sales Agreement (SKYX Platforms Corp.)

No Outstanding Loans or Other Indebtedness. There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of business) or guarantees or indebtedness by the Company or any of its subsidiaries to or for the benefit of any of the officers or directors of the Company or executive officers of any of its subsidiariessubsidiaries to the extent such executive officers may be deemed executive officers of the Company, or any of their respective family members, except as disclosed in the Registration Statement and or the Prospectus. Neither Since December 26, 2013, the Company nor any of its subsidiaries has not directly or indirectly extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer of the Company or its subsidiariesCompany.

Appears in 1 contract

Samples: Sales Agreement (Focus Universal Inc.)

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No Outstanding Loans or Other Indebtedness. There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of business) or guarantees or indebtedness by the Company or any of its subsidiaries to or for the benefit of any of the officers or directors of the Company or executive officers of any of its subsidiariessubsidiaries to the extent such executive officers may be deemed executive officers of the Company, or any of their respective family members, except as disclosed in the Registration Statement and the Prospectus. Neither the The Company nor any of its subsidiaries has not directly or indirectly extended or maintained credit, arranged for the extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any director or executive officer of the Company or its subsidiariesCompany, except as disclosed in the Registration Statement and the Prospectus.

Appears in 1 contract

Samples: Sales Agreement (Zhongchao Inc.)

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