Common use of Certain Advances Clause in Contracts

Certain Advances. There are no loans by the Company to any directors, officers, employees, consultants or shareholders of the Company, or owing by any Affiliate of any director or officer of the Company, other than advances in the ordinary course of business consistent with past practice to officers and employees for reimbursable business expenses which are not in excess of US$l,000 or the equivalent in any other currency for anyone individual.

Appears in 1 contract

Sources: Share Purchase Agreement (Brek Energy Corp)

Certain Advances. There are no loans by the Company Companies to any directors, officers, employees, consultants or shareholders of the CompanyCompanies, or owing by any Affiliate affiliate of any director or officer of the CompanyCompanies, other than advances in the ordinary course of business consistent with past practice to officers and employees for reimbursable business expenses which are not in excess of US$l,000 or the equivalent in 1,000 for any other currency for anyone one individual.

Appears in 1 contract

Sources: Share Purchase Agreement (En Pointe Technologies Inc)

Certain Advances. There are no loans by the Company or the ---------------- Subsidiary to any directors, officers, employees, consultants or shareholders of the CompanyCompany or the Subsidiary, or owing by any Affiliate affiliate of any director or officer of the CompanyCompany or the Subsidiary, other than advances in the ordinary course of business consistent with past practice to officers and employees for reimbursable business expenses which are not in excess of US$l,000 or the equivalent in (pound)1,000 for any other currency for anyone one individual.

Appears in 1 contract

Sources: Share Purchase Agreement (Incyte Pharmaceuticals Inc)

Certain Advances. There are no loans by the Company to any directors, officers, employees, consultants or shareholders of the Company, or owing by any Affiliate affiliate of any director or officer of the Company, other than advances in the ordinary course of business consistent with past practice to officers and employees for reimbursable business expenses which are not in excess of US$l,000 or the equivalent in $1,000 for any other currency for anyone one individual.

Appears in 1 contract

Sources: Share Purchase Agreement (Sirf Technology Holdings Inc)