Common use of Interest in Competitors Clause in Contracts

Interest in Competitors. Neither the Company nor any of its officers or, to the best of its knowledge, directors, has any interest, either by way of contract or by way of investment (other than as holder of not more than 2% of the outstanding capital stock of a publicly traded Person) or otherwise, directly or indirectly, in any Person other than the Company that (i) provides any services or designs, produces or sells any product or product lines or engages in any activity similar to or competitive with any activity currently proposed to be conducted by the Company or any of its Subsidiaries or (ii) has any direct or indirect interest in any asset or property, real or personal, tangible or intangible, of the Company.

Appears in 4 contracts

Sources: Securities Purchase Agreement (Micro Investment LLC), Securities Purchase Agreement (Coventry Corp), Securities Purchase Agreement (Micro Therapeutics Inc)

Interest in Competitors. Neither the Company nor any of its officers ornor, to the best of its knowledge, any of its officers or directors, has any interest, either by way of contract or by way of investment (other than as holder of not more than 2% of the outstanding capital stock of a publicly traded Person) or otherwise, directly or indirectly, in any Person other than the Company that (i) provides any services or designs, produces or sells any product or product lines or engages in any activity similar to or competitive with any activity currently proposed to be conducted by the Company or any of its Subsidiaries or (ii) has any direct or indirect interest in any asset or property, real or personal, tangible or intangible, of the Company.

Appears in 4 contracts

Sources: Securities Purchase Agreement (Warburg Pincus Ventures Lp), Securities Purchase Agreement (Warburg Pincus Ventures Lp), Securities Purchase Agreement (Healthcare Capital Corp)

Interest in Competitors. Neither the Company any Obligor nor any of its such Obligor's officers or, to the best of its knowledge, directors, has any interest, either by way of contract or by way of investment (other than as holder of not more than 2% of the outstanding capital stock of a publicly traded Person) or otherwise, directly or indirectly, in any Person other than the Company Obligors that (i) provides any services or designs, produces or sells any product or product lines or engages in any activity similar to or competitive with any activity currently proposed to be conducted by the Company Parent or any of its Subsidiaries or (ii) has any direct or indirect interest in any asset or property, real or personal, tangible or intangible, of the Companyany Obligor.

Appears in 1 contract

Sources: Note and Warrant Purchase Agreement (TRUEYOU.COM)

Interest in Competitors. Neither the Company nor any of its officers or, to the best of its knowledge, directors, has any interest, either by way of contract or by way of investment (other than as holder of not more than 2% of the outstanding capital stock of a publicly traded Person) or otherwise, directly or indirectly, in any Person other than the Company that (i) provides any services or designs, produces or sells any product or product lines or engages in any activity similar to or competitive with any activity currently proposed to be conducted by the Company or any of its Subsidiaries or (ii) has any direct or indirect interest in any asset or property, real or personal, tangible or intangible, of the Company.

Appears in 1 contract

Sources: Securities Purchase Agreement (Yellow Brix Inc)

Interest in Competitors. Neither the Company any Obligor nor any of its such Obligor’s officers or, to the best of its knowledge, directors, has any interest, either by way of contract or by way of investment (other than as holder of not more than 2% of the outstanding capital stock of a publicly traded Person) or otherwise, directly or indirectly, in any Person other than the Company that (i) provides any services or designs, produces or sells any product or product lines or engages in any activity similar to or competitive with any activity currently proposed to be conducted by the Company or any of its Subsidiaries or (ii) has any direct or indirect interest in any asset or property, real or personal, tangible or intangible, of the Company.

Appears in 1 contract

Sources: Note Purchase Agreement (Mortgageit Holdings Inc)