Common use of Employee Loans Clause in Contracts

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 54 contracts

Samples: Loan and Security Agreement (BioAmber Inc.), Loan and Security Agreement (Audentes Therapeutics, Inc.), Loan and Security Agreement (Cleveland Biolabs Inc)

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Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 18 contracts

Samples: Loan and Security Agreement (Edge Therapeutics, Inc.), Loan and Security Agreement (Amyris, Inc.), Loan and Security Agreement (Navidea Biopharmaceuticals, Inc.)

Employee Loans. Except for Permitted Investments, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 12 contracts

Samples: Loan and Security Agreement (Axsome Therapeutics, Inc.), Loan and Security Agreement (Axsome Therapeutics, Inc.), Loan and Security Agreement (Applied Genetic Technologies Corp)

Employee Loans. Except as permitted hereunder, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 8 contracts

Samples: Loan and Security Agreement (Lucira Health, Inc.), Loan and Security Agreement (Viewray Inc), Loan and Security Agreement (Viewray Inc)

Employee Loans. Other than loans constituting Permitted Investments, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 7 contracts

Samples: Loan and Security Agreement (Seres Therapeutics, Inc.), Loan and Security Agreement (Phathom Pharmaceuticals, Inc.), Loan and Security Agreement (Gritstone Bio, Inc.)

Employee Loans. Other than loans constituting Permitted Investments, no Borrower has no any outstanding loans to any employee, officer officer, manager or director of the Borrower a Borrower, nor has a Borrower guaranteed the payment of any loan made to an employee, officer officer, manager or director of the such Borrower by a third party.

Appears in 5 contracts

Samples: Loan and Security Agreement (BridgeBio Pharma, Inc.), Loan and Security Agreement (BridgeBio Pharma, Inc.), Loan and Security Agreement (BridgeBio Pharma, Inc.)

Employee Loans. Except as described on Schedule 5.13, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 4 contracts

Samples: Loan and Security Agreement (Century Therapeutics, Inc.), Loan and Security Agreement (Immune Pharmaceuticals Inc), Loan and Security Agreement (InspireMD, Inc.)

Employee Loans. Except for loans constituting Permitted Investments or as described on Schedule 5.13, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 4 contracts

Samples: Loan and Security Agreement (COMPASS Pathways PLC), Loan and Security Agreement (Sight Sciences, Inc.), Loan and Security Agreement (Senseonics Holdings, Inc.)

Employee Loans. Other than Permitted Investments, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 4 contracts

Samples: Loan and Security Agreement (G1 Therapeutics, Inc.), Loan and Security Agreement (G1 Therapeutics, Inc.), Loan and Security Agreement (G1 Therapeutics, Inc.)

Employee Loans. Except as permitted as a Permitted Investment, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 4 contracts

Samples: Loan and Security Agreement (Concert Pharmaceuticals, Inc.), Loan and Security Agreement (Concert Pharmaceuticals, Inc.), Joinder Agreement (Merrimack Pharmaceuticals Inc)

Employee Loans. Except as permitted by Section 7.8, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 4 contracts

Samples: Loan and Security Agreement (Aveo Pharmaceuticals, Inc.), Loan and Security Agreement (Aveo Pharmaceuticals Inc), Loan and Security Agreement (Aveo Pharmaceuticals Inc)

Employee Loans. Except for Permitted Investments, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 3 contracts

Samples: Loan and Security Agreement (Intelepeer Inc), Loan and Security Agreement (Intelepeer Inc), Loan and Security Agreement (Intelepeer Inc)

Employee Loans. Except for loans constituting Permitted Investments, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 2 contracts

Samples: Loan and Security Agreement (Oak Street Health, Inc.), Loan and Security Agreement (Oak Street Health, Inc.)

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third partyparty of more than $100,000.

Appears in 2 contracts

Samples: Loan and Security Agreement (Quatrx Pharmaceuticals Co), Loan and Security Agreement (Quatrx Pharmaceuticals Co)

Employee Loans. Except as permitted by Section 7.8, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aveo Pharmaceuticals, Inc.), Loan and Security Agreement (Aveo Pharmaceuticals, Inc.)

Employee Loans. No Borrower has no outstanding loans to any employee, officer or director of the such Borrower nor has such Borrower guaranteed the payment of any loan made to an employee, officer or director of the such Borrower by a third party, except for such guarantees for travel expenses or other business expenses in the ordinary course of business that may be provided by a third party (e.g. corporate credit card).

Appears in 2 contracts

Samples: Loan and Security Agreement (Glori Acquisition Corp.), Loan and Security Agreement (Glori Energy Inc.)

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third partyparty except as permitted hereunder.

Appears in 2 contracts

Samples: Loan and Security Agreement (Replimune Group, Inc.), Loan and Security Agreement (Replimune Group, Inc.)

Employee Loans. Except as permitted as a Permitted Investment, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cerulean Pharma Inc.), Loan and Security Agreement (Merrimack Pharmaceuticals Inc)

Employee Loans. Except for Permitted Investments, no Borrower has no any outstanding loans to any employee, officer or director of the Borrower any Borrower, nor has any Borrower guaranteed the payment of any loan made to an employee, officer or director of the any Borrower by a third party.

Appears in 2 contracts

Samples: Loan and Security Agreement (INSMED Inc), Loan and Security Agreement (Insmed Inc)

Employee Loans. Borrower has The Borrowers have no outstanding loans to any employee, officer or director of the any Borrower nor has any Borrower guaranteed the payment of any loan made to an employee, officer or director of the any Borrower by a third party.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amyris, Inc.), Loan and Security Agreement (Amyris, Inc.)

Employee Loans. Other than loans that constitute Permitted Investments, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 2 contracts

Samples: Loan and Security Agreement (ChemoCentryx, Inc.), Loan and Security Agreement (ChemoCentryx, Inc.)

Employee Loans. No Borrower has no any outstanding loans to any employee, officer or director of the Borrower any Borrower, nor has any Borrower guaranteed the payment of any loan made to an employee, officer or director of the any Borrower by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Anthera Pharmaceuticals Inc)

Employee Loans. No Borrower has no outstanding loans to any employee, officer or director of the such Borrower nor has any Borrower guaranteed the payment of any loan made to an employee, officer or director of the such Borrower by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Proteostasis Therapeutics, Inc.)

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower or any of its Subsidiaries nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower or any of its Subsidiaries by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Auris Medical Holding AG)

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party, in each case except as permitted under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Cell Therapeutics Inc)

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Employee Loans. Except as permitted by Section 7.7, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (EPIRUS Biopharmaceuticals, Inc.)

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party, other than advances for expenses made in the ordinary course of business.

Appears in 1 contract

Samples: Loan and Security Agreement (Rockwell Medical, Inc.)

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party, except in each case to the extent permitted by Section 7.8.

Appears in 1 contract

Samples: Loan and Security Agreement (Ocz Technology Group Inc)

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third partyparty except as set forth on Schedule 5.13.

Appears in 1 contract

Samples: Loan and Security Agreement (Plures Technologies, Inc./De)

Employee Loans. Except for loans constituting Permitted Investments, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.. 5.14

Appears in 1 contract

Samples: Loan and Security Agreement (IVERIC Bio, Inc.)

Employee Loans. Except for Permitted Investments, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.. 5.14

Appears in 1 contract

Samples: Loan and Security Agreement (Concert Pharmaceuticals, Inc.)

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.party except as permitted hereunder. 5.14

Appears in 1 contract

Samples: Loan and Security Agreement (Replimune Group, Inc.)

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party, except with respect to 401(k) or other employee benefit plans or arrangements.

Appears in 1 contract

Samples: Loan and Security Agreement (NeurogesX Inc)

Employee Loans. Other than Permitted Investments, such Borrower has no outstanding loans to any employee, officer or director of the such Borrower nor has such Borrower guaranteed the payment of any loan made to an employee, officer or director of the such Borrower by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Cempra Holdings, LLC)

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party, greater than $50,000 in the aggregate.

Appears in 1 contract

Samples: Loan and Security Agreement (Rubicon Technology, Inc.)

Employee Loans. Other than Permitted Investments, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.. 5.14

Appears in 1 contract

Samples: Loan and Security Agreement (G1 Therapeutics, Inc.)

Employee Loans. Except as permitted by Section 7.6, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Constellation Pharmaceuticals Inc)

Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.. 5.14

Appears in 1 contract

Samples: Loan and Security Agreement (Tricida, Inc.)

Employee Loans. Borrower has and each of its Subsidiaries have no outstanding loans to any employee, officer or director of the Borrower or Subsidiary nor has have Borrower or Subsidiary guaranteed the payment of any loan made to an employee, officer or director of the Borrower or Subsidiary by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Spring Bank Pharmaceuticals, Inc.)

Employee Loans. No Borrower has no any outstanding loans to any employee, officer or director of the such Borrower nor has any Borrower guaranteed the payment of any loan made to an employee, officer or director of the any Borrower by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Diomed Holdings Inc)

Employee Loans. Except with respect to reimbursement of expenses of employees, officers or directors in the ordinary course of business, Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.

Appears in 1 contract

Samples: Loan and Security Agreement (Memory Pharmaceuticals Corp)

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