COMPETING LINES OF BUSINESS; RELATED-PARTY TRANSACTIONS. Except as set forth on Schedule 3.21, neither the Shareholder nor any other Affiliate or Subsidiary of the Company owns, directly or indirectly, any interest in, or is an officer, director, employee or consultant of or otherwise receives remuneration from, any business which is a competitor, lessor, lessee, customer or supplier of the Company. Except as set forth on Schedule 3.21, no Shareholder, member of the board of directors, officer, or director of the Company has, nor during the period since inception through the date hereof, have any interest in any property, real or personal, tangible or intangible, used in or pertaining to the Company’s business.
Appears in 3 contracts
Sources: Stock Purchase and Sale Agreement (Transportation & Logistics Systems, Inc.), Stock Purchase and Sale Agreement (Transportation & Logistics Systems, Inc.), Stock Purchase and Sale Agreement (Transportation & Logistics Systems, Inc.)
COMPETING LINES OF BUSINESS; RELATED-PARTY TRANSACTIONS. Except as set forth on Schedule 3.21, neither the Shareholder nor any other Affiliate or Subsidiary of the Company ownsShareholders do not own, directly or indirectly, any interest in, or is an officer, director, employee or consultant of or otherwise receives remuneration from, any business which is a competitor, lessor, lessee, customer or supplier of the CompanyCompanies. Except as set forth on Schedule 3.21, no ShareholderShareholders, member of the board of directors, officer, or director of the Company Companies has, nor during the period since inception through the date hereof, have any interest in any property, real or personal, tangible or intangible, used in or pertaining to the Company’s Companies’ business.
Appears in 1 contract
Sources: Stock Purchase and Sale Agreement (Transportation & Logistics Systems, Inc.)