AGREEMENTS WITH CONNECTED PERSONS Clause Samples
The "Agreements with Connected Persons" clause regulates transactions or contractual arrangements between a company and individuals or entities that have a close relationship with the company, such as directors, shareholders, or their family members. Typically, this clause requires that any such agreements be disclosed to the board or shareholders, and may mandate approval by disinterested parties to ensure fairness. Its core function is to prevent conflicts of interest and ensure that all agreements with connected persons are conducted on an arm's length basis, thereby protecting the company and its stakeholders from potential abuse or favoritism.
AGREEMENTS WITH CONNECTED PERSONS. 17.1 There is no, and since the date of the incorporation of the Company there has not been any, agreement or arrangement (legally enforceable or not) to which the Company is or was a party and in which the Seller, a director or former director of the Company, or a person connected with any of them is or was interested in any way.
1.1 All notices, returns (including any land transaction returns), reports, accounts, computations, statements, assessments and registrations and any other necessary information submitted by the Company to any Taxation Authority for the purposes of Taxation have been made on a proper basis, were submitted within applicable time limits, were accurate and complete when supplied and so far as the Seller is aware remain accurate and complete in all material respects. None of the above is, or so far as the Seller is aware is likely to be, the subject of any material dispute with any Taxation Authority.
1.2 All Taxation for which the Company is or has been liable or is liable to account for, has been duly paid (insofar as such Taxation ought to have been paid).
1.3 The Company has, within applicable time limits, maintained all records in relation to Taxation as they are required to maintain.
1.4 The Company has complied within applicable time limits with all notices served on them and any other requirements lawfully made of them by any Taxation Authority.
1.5 The Company is not involved in any dispute with any Taxation Authority and has not been subject to any visit, audit, investigation, discovery or access order by any Taxation Authority. The Seller is not aware of any circumstances existing which make it likely that a visit, audit, investigations, discovery or access order will be made in the next 12 months.
1.6 The Company is not and so far as the Seller is aware or will not become, liable to make any person (including any Taxation Authority) any payment in respect of any liability to Taxation which is primarily or directly chargeable against, or attributable to, any other person (other than the Company).
1.7 The Accounts make proper provision or reserve within generally accepted accounting principles for any period ended on or before the date to which they were drawn up for all Taxation assessed or liable to be assessed on the Company, or for which the Company is accountable at that date, whether or not the Company has (or may have) any right of reimbursement against any other person. Proper provision has been made and shown in th...
AGREEMENTS WITH CONNECTED PERSONS. 9.5.1 There are no existing contracts or arrangements between, on the one hand, any PMD Group Company and, on the other hand, the Seller, any member of the Seller’s Group or any director (or relative of a director) of the Seller or any member of the Seller’s Group other than normal trade contracts.
9.5.2 Other than pursuant to employment contracts, there is no indebtedness (actual or contingent) between, on the one hand, a PMD Group Company and, on the other hand, any current or former employee, director or Consultant of any such PMD Group Company or any relative of any of such persons.
AGREEMENTS WITH CONNECTED PERSONS. There are no existing contracts, arrangements or understandings between, on the one hand, the Company and, on the other hand, (i) any Key Employee (or any of their Affiliates); or (ii) any member of the board of directors of the Company, other than, in each case, contracts of employment.
AGREEMENTS WITH CONNECTED PERSONS. With the exception of the contracts included in the Data Room Materials, there are no existing contracts to which the Corporation or any of its subsidiaries are a party and in which the Vendor and/or any director of the Guarantor, the Corporation or any of its subsidiaries and/or any of their respective associates are interested, whether directly or indirectly, that are or would reasonably be expected to be material to the ▇▇▇▇▇ ▇▇▇▇▇▇▇ Group.