Loans and Advances. The Borrower will not make (and will not permit any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 outstanding at any one time.
Appears in 3 contracts
Samples: Security Agreement (Biotransplant Inc), Organogenesis Inc, Geltex Pharmaceuticals Inc
Loans and Advances. The Borrower will not make (and will not permit any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 500,000 outstanding at any one time.
Appears in 2 contracts
Samples: Letter Agreement (Arqule Inc), Letter Agreement (Zoom Telephonics Inc)
Loans and Advances. The Borrower will not make (and will not permit any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 100,000 outstanding at any one time.
Appears in 2 contracts
Samples: Augment Systems Inc, Voicetek Corp
Loans and Advances. The Borrower will not make (and will not permit any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salaryother loans to any such directors, officers or employees, all of which loans and advances will not exceed, in the aggregate, $250,000 1,000,000 outstanding at any one time.
Appears in 1 contract
Samples: Transkaryotic Therapies Inc
Loans and Advances. The Borrower will not make (and will not permit any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 outstanding at any one time.
Appears in 1 contract
Loans and Advances. The Borrower will not make any loans or advances ------------------ (and will not permit any Subsidiary of its Subsidiaries to make) make any loans or advances advances) to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 outstanding at any one time.
Appears in 1 contract
Loans and Advances. The Borrower will not make (and will not permit ------------------ any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 100,000 outstanding at any one time.
Appears in 1 contract
Samples: Letter Agreement (Candela Corp /De/)
Loans and Advances. The Borrower will not make (and will not permit any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 200,000 outstanding at any one time.
Appears in 1 contract
Samples: Genome Therapeutics Corp
Loans and Advances. The Borrower will not make (and will not permit any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 300,000 outstanding at any one time.
Appears in 1 contract
Samples: Letter Agreement (Diacrin Inc /De/)
Loans and Advances. The Borrower will not make (and will not permit any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course Course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 100,000 outstanding at any one time.
Appears in 1 contract
Samples: Concord Communications Inc
Loans and Advances. The Borrower will not make any loans or advances (and will not permit any Subsidiary of its Subsidiaries to make) make any loans or advances advances) to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 300,000 outstanding at any one time.
Appears in 1 contract
Samples: Letter Agreement (Abiomed Inc)
Loans and Advances. The Borrower will not make any loans or advances (and will not permit any Subsidiary of its Subsidiaries to make) make any loans or advances advances) to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 outstanding at any one time.
Appears in 1 contract
Samples: Micrion Corp /Ma/
Loans and Advances. The Borrower will not make (and will not permit any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salary, all of which loans and advances will not exceed, in the aggregate, $250,000 25,000 outstanding at any one time.
Appears in 1 contract
Samples: Loan Modification Agreement (Quantum Bridge Communications Inc)
Loans and Advances. The Borrower will not make (and will not permit ------------------ any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salarysalesmen's commissions and employees' salaries, all of which loans and advances will not exceed, in the aggregate, $250,000 outstanding at any one time.
Appears in 1 contract
Loans and Advances. The Borrower will not make (and will not permit any Subsidiary to make) any loans or advances to any Person, including, without limitation, the Borrower's ’s directors, officers and employees, except advances to such directors, officers or employees with respect to expenses incurred by them in the ordinary course of their duties and advances against salaryduties, all of which loans and advances will not exceed, in the aggregate, $250,000 50,000 outstanding at any one time.
Appears in 1 contract
Samples: Loan Agreement (MDRNA, Inc.)