Employee Loans. (i) Except as expressly permitted by Sections 7.7 and 7.8, Borrower has no outstanding loans to any employee, officer or director of the Borrower, and (ii) Borrower has not 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, Loan and Security Agreement (Enphase Energy, Inc.), Loan and Security Agreement (Enphase Energy, Inc.)
Employee Loans. (i) Except as expressly permitted by Sections 7.7 and 7.8Section 7.7(c), Borrower has no outstanding loans to any employee, officer or director of the Borrower, and (ii) Borrower nor has not 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 (Genocea Biosciences, Inc.), Loan and Security Agreement (Genocea Biosciences, Inc.)
Employee Loans. (i) Except as expressly permitted by Sections 7.7 and Section 7.8, such Borrower has no outstanding loans to any employee, officer or director of the Borrower, and (ii) such Borrower nor has not 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 2 contracts
Samples: Loan and Security Agreement (BIND Therapeutics, Inc), Loan and Security Agreement (Pacira Pharmaceuticals, Inc.)
Employee Loans. (i) Except as expressly to the extent otherwise permitted by Sections 7.7 and 7.8under Section 7.8(c), Borrower has no outstanding loans to any employee, officer or director of the Borrower, and (ii) Borrower nor has not Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.
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Employee Loans. Except to the extent otherwise permitted under Section 7.8 (i) Except as expressly permitted by Sections 7.7 and 7.8c), Borrower has no outstanding loans to any employee, officer or director of the Borrower, and (ii) Borrower nor has not Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.
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Samples: Loan and Security Agreement (Coronado Biosciences Inc)
Employee Loans. (i) Except as expressly permitted by Sections 7.7 and 7.8under Section 7.7(c) hereof, Borrower has no outstanding loans to any employee, officer or director of the Borrower, and (ii) Borrower nor has not Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.
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Samples: Loan and Security Agreement (Neos Therapeutics, Inc.)
Employee Loans. (i) Except as expressly permitted by Sections 7.7 and 7.8Section 7.7(a), Borrower has no outstanding loans to any employee, officer or director of the Borrower, and (ii) Borrower nor has not Borrower guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party.
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