Interest In Competitors Suppliers, Customers Sample Clauses
The 'Interest In Competitors, Suppliers, Customers' clause restricts a party from holding financial or other significant interests in businesses that are direct competitors, suppliers, or customers of the other party. Typically, this clause applies to employees, contractors, or business partners, and may require disclosure or outright prohibition of such interests to prevent conflicts of interest. Its core function is to protect confidential information and business relationships by minimizing the risk of divided loyalties or misuse of sensitive data.
Interest In Competitors Suppliers, Customers. Etc. No officer, ------------------------------------------------- director, or shareholder of the Company or any affiliate of any such officer, director, or shareholder, has any ownership interest in any competitor, supplier, or customer of the Company (other than ownership of securities of a publicly-held corporation of which such Person owns, or has real or contingent rights to own, less than one percent of any class of outstanding securities) or any property used in the operation of the Business.
Interest In Competitors Suppliers, Customers. Etc. Except as set forth in the Disclosure Schedule, neither the Seller nor any affiliate of the Seller has any ownership interest in any competitor, supplier or customer of the Company or its Subsidiaries accounting for not less than 1% of the Company's purchases from suppliers in the most recently ended fiscal year or any property used in the operation of the business of the Company or its Subsidiaries.
Interest In Competitors Suppliers, Customers. ETC. No officer, -------------------------------------------------- director, or shareholder of the Company or any affiliate of any such officer, director, or shareholder, has any ownership interest in any competitor, supplier, or customer of the Company (other than ownership of securities of a publicly-held corporation of which such Person owns, or has real or contingent rights to own, less than one percent of any class of outstanding securities) or any property used in the operation of the Business.
Interest In Competitors Suppliers, Customers. Etc. Except as disclosed in Schedule 3.25 hereto, no officer, director, or shareholder of Integrated or any affiliate of any such officer, director, or shareholder, has any ownership interest in any competitor, supplier, or customer of Integrated (other than ownership of securities of a publicly-held corporation of which such person owns, or has real or contingent rights to own, less than one percent of any class of outstanding securities) or any property used in the operation of the business of Integrated other than the personal property assets owned by Integrated to be contributed as of the Closing.