Common use of Adverse Interest Clause in Contracts

Adverse Interest. Except as set forth on Schedule 7.31, no current officer, director, affiliate or person known to the Acquiror Company to be the record or beneficial owner in excess of 5% of Acquiror Company Common Stock or any person known to be an associate of any of the foregoing is a party adverse to Acquiror Company or has a material interest adverse to Acquiror Company in any material pending legal proceeding.

Appears in 9 contracts

Samples: Share Exchange Agreement (Kinglake Resources Inc.), Share Exchange Agreement (Kinglake Resources Inc.), Share Exchange Agreement (Kinglake Resources Inc.)

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Adverse Interest. Except as set forth on Schedule 7.31, no No current officer, director, affiliate Affiliate or person known to the Acquiror Company to be the record or beneficial owner in excess of 5% of Acquiror Company Common Stock or any person known to be an associate of any of the foregoing is a party adverse to Acquiror Company or has a material interest adverse to Acquiror Company in any material pending legal proceeding.

Appears in 5 contracts

Samples: Share Exchange Agreement (Bay Peak 1 Opportunity Corp.), Share Exchange Agreement (BTHC XV, Inc.), Share Exchange Agreement (Birch Branch Inc)

Adverse Interest. Except as set forth on Schedule 7.31, no No current officer, director, affiliate or person known to the Acquiror Company to be the record or beneficial owner in excess of 5% of the Acquiror Company Company’s Common Stock or any person known to be an associate of any of the foregoing is a party adverse to the Acquiror Company or has a material interest adverse to the Acquiror Company in any material pending legal proceeding.

Appears in 1 contract

Samples: Share Exchange Agreement (Geltology Inc)

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Adverse Interest. Except as set forth on Schedule 7.315.32, no current officer, director, affiliate or person known to the Acquiror Company to be the record or beneficial owner in excess of 5% of Acquiror Company the Common Stock or any person known to be an associate of any of the foregoing is a party adverse to Acquiror Company or has a material interest adverse to Acquiror the Company in any material pending legal proceedingProceeding.

Appears in 1 contract

Samples: Share Exchange Agreement (Inspyr Therapeutics, Inc.)

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