Common use of Certain Advances Clause in Contracts

Certain Advances. Except as set forth in Schedule 3.21, there are no receivables of Company owing from directors, officers, employees, consultants or stockholders of Company, or owing by any Affiliate of any director or officer of Company, other than advances in the ordinary and usual course of business to officers and employees for reimbursable business expenses which are not in excess of $5,000 for any one individual.

Appears in 2 contracts

Sources: Merger Agreement (Vina Technologies Inc), Merger Agreement (Vina Technologies Inc)

Certain Advances. Except Other than as set forth in on Schedule 3.212.18, there are no receivables of the Company owing from by directors, officers, employees, consultants or stockholders shareholders of CompanyCompany or Seller, or owing by any Affiliate of any director or officer of CompanyCompany or Seller, other than advances in the ordinary and usual course of business to officers officers, employees or consultants for reimbursable business expenses, and advances to employees for reimbursable business personal expenses which are not exceeding $25,000 in excess of $5,000 for any one individualthe aggregate.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Protective Life Insurance Co), Stock Purchase Agreement (Torchmark Corp)