Common use of Certain Loans Clause in Contracts

Certain Loans. There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of business) or guarantees of indebtedness by Purchaser to, or for the benefit of, any of the officers, directors, or director-nominees of Purchaser or any of the members of the families of any of them.

Appears in 1 contract

Sources: Asset Purchase Agreement (Cable & Co Worldwide Inc)

Certain Loans. There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of business) or guarantees of indebtedness by Purchaser Seller to, or for the benefit of, any of the officers, directors, or director-nominees of Purchaser Seller or any of the members of the families of any of them, except as disclosed in the Seller Disclosure Letter.

Appears in 1 contract

Sources: Asset Purchase Agreement (Cable & Co Worldwide Inc)