Common use of Loans and Advances Clause in Contracts

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

AutoNDA by SimpleDocs

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

Samples: Letter Agreement (Exchange Applications 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: Letter Agreement (Peritus Software Services 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 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

AutoNDA by SimpleDocs

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

Samples: Letter Agreement (Sycamore Networks 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 ’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.)

Time is Money Join Law Insider Premium to draft better contracts faster.