Common use of Employee Loans Clause in Contracts

Employee Loans. Except as provided 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 1 contract

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

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Employee Loans. Except for loans constituting Permitted Investments or as provided 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 1 contract

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

Employee Loans. Except as provided on set forth in 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 1 contract

Samples: Loan and Security Agreement (Nexx Systems Inc)

Employee Loans. Except as provided on for Permitted Investments disclosed in 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 1 contract

Samples: Loan and Security Agreement (Dynavax Technologies Corp)

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Employee Loans. Except as provided set forth 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 1 contract

Samples: Loan and Security Agreement (Dance Biopharm, Inc.)

Employee Loans. Except as provided set forth on Schedule 5.13, 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 1 contract

Samples: Joinder Agreement (Elixir Pharmaceuticals Inc)

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