Common use of Payments and Contributions Clause in Contracts

Payments and Contributions. Neither the Company nor any of its directors, officers or, to its knowledge, other employees has (i) used any Company funds for any unlawful contribution, endorsement, gift, entertainment or other unlawful expense relating to political activity; (ii) made

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Integrated Surgical Systems Inc)

Payments and Contributions. Neither the Company Company, any subsidiary, nor any of its directors, officers or, to its knowledge, other employees has (i) used any Company funds for any unlawful contribution, endorsement, gift, entertainment or other unlawful expense relating to political activity; (ii) mademade any direct or indirect unlawful payment of Company funds to any

Appears in 1 contract

Sources: Convertible Preferred Stock and Warrants Purchase Agreement (Professional Transportation Group LTD Inc)