Common use of Affiliate Interests Clause in Contracts

Affiliate Interests. (a) Schedule 4.23 sets forth all amounts paid (or deemed for accounting purposes to have been paid) and services provided by the Company or any Subsidiary to, or received by the Company or any Subsidiary from, any affiliate of the Company or any Subsidiary during the last fiscal year for products or services (including any charge for administrative, purchasing, financial or other services) and all such amounts currently owed by the Company or any Subsidiary to, or to the Company or any Subsidiary by, any affiliate of the Company or any Subsidiary, in each case where the amount paid or the value of the services provided exceeds $25,000. (b) Each contract, agreement or arrangement between the Company or any Subsidiary, on the one hand, and the Seller or any affiliate of the Seller (other than the Company or any Subsidiary) or any shareholder, officer or director of the Seller, the Company, any Subsidiary or any affiliate of the Seller, on the other hand ("Affiliate Agreements"), in each case where the amount paid or the value of the services provided exceeds $25,000 is described in Schedule 4.23(b). (c) Except as set forth in Schedule 4.23(b), no shareholder, officer or director of the Seller, the Company, any Subsidiary or any affiliate of the Seller has any material interest in any property, real or personal, tangible or intangible, including without limitation, inventions, patents, trademarks or trade names, used in or pertaining to the business of the Company or any Subsidiary.

Appears in 2 contracts

Sources: Stock Purchase Agreement (First Aviation Services Inc), Stock Purchase Agreement (First Aviation Services Inc)