Common use of No Prohibited Payments Clause in Contracts

No Prohibited Payments. Neither Buyer and its subsidiaries nor, to the knowledge of Buyer, any officer, director, employee, independent contractor, or agent, acting on behalf of Buyer or its subsidiaries, has at any time (i) made any contributions to any candidate for political office in violation of law or failed to disclose fully any contributions to any candidate for political office in accordance with any applicable statute, rule, regulation, or ordinance requiring such disclosure, (ii) made any payment to any local, state, federal, or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or allowed by applicable law, (iii) made any payment outside the ordinary course of business to any purchasing or selling agent or person charged with similar duties of any entity to which Buyer or its subsidiaries sell products or render services or from which Buyer or its subsidiaries buy products or services for the purpose of influencing such agent or person to buy products or services from or sell products or services to Buyer or its subsidiaries, or (iv) engaged in any transaction, maintained any bank account, or used any corporate funds, except for transactions, bank accounts, and funds that have been and are reflected in the normally maintained books and records of Buyer or its subsidiaries.

Appears in 1 contract

Samples: Stock Purchase Agreement (Styling Technology Corp)

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No Prohibited Payments. Neither Buyer and its subsidiaries nor, to the knowledge of Buyer, any officerofficers, directordirectors, employeeemployees, independent contractorcontractors, or agentagents, acting on behalf of Buyer or its subsidiaries, has at any time (i) made any contributions to any candidate for political office in violation of law or failed to disclose fully any contributions to any candidate for political office in accordance with any applicable statute, rule, regulation, or ordinance requiring such disclosure, (ii) made any payment to any local, state, federal, or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or allowed by applicable law, (iii) made any payment outside the ordinary course of business to any purchasing or selling agent or person charged with similar duties of any entity to which Buyer or its subsidiaries sell products or render services or from which Buyer or its subsidiaries buy products or services for the purpose of influencing such agent or person to buy products or services from or sell products or services to Buyer or its subsidiaries, or (iv) engaged in any transaction, maintained any bank account, or used any corporate funds, except for transactions, bank accounts, and funds that have been and are reflected in the normally maintained books and records of Buyer or its subsidiariesBuyer.

Appears in 1 contract

Samples: Stock Purchase Agreement (Styling Technology Corp)

No Prohibited Payments. Neither Buyer and its subsidiaries ALC, nor AHI, nor, to the knowledge of BuyerALC or AHI, any officer, director, employee, independent contractor, or agent, acting on behalf of Buyer ALC or its subsidiariesAHI, has at any time (i) made any contributions to any candidate for political office in violation of applicable law or failed to disclose fully any contributions to any candidate for political office in accordance with any applicable statute, rule, regulation, or ordinance requiring such disclosure, ; (ii) made any payment to any local, state, federal, or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or allowed by applicable law, ; (iii) made any payment outside the ordinary course of business to any purchasing or selling agent or person charged with similar duties of any entity to which Buyer ALC or its subsidiaries sell AHI sells products or render renders services or from which Buyer ALC or its subsidiaries buy AHI buys products or services for the purpose of influencing such agent or person to buy products or services from or sell products or services to Buyer ALC or its subsidiaries, AHI; or (iv) engaged in any transaction, maintained any bank account, or used any corporate funds, except for transactions, bank accounts, and funds that have been and are reflected in the normally maintained books and records of Buyer ALC or its subsidiariesAHI.

Appears in 1 contract

Samples: Agreement and Plan of Exchange (Item 9 Labs Corp.)

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No Prohibited Payments. Neither Buyer Seller and its subsidiaries nor, to the knowledge of BuyerDesignated Members, any officer, director, employee, independent contractor, or agent, acting on behalf of Buyer Seller or its subsidiaries, has at any time (i) made any contributions to any candidate for political office in violation of law or failed to disclose fully any contributions to any candidate for political office in accordance with any applicable statute, rule, regulation, or ordinance requiring such disclosure, (ii) made any payment to any local, state, federal, or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or allowed by applicable law, (iii) made any payment outside the ordinary course of business to any purchasing or selling agent or person charged with similar duties of any entity to which Buyer Seller or its subsidiaries sell products or render services or from which Buyer Seller or its subsidiaries buy products or services for the purpose of influencing such agent or person to buy products or services from or sell products or services to Buyer Seller or its subsidiaries, or (iv) engaged in any transaction, maintained any bank account, or used any corporate funds, except for transactions, bank accounts, and funds that have been and are reflected in the normally maintained books and records of Buyer Seller or its subsidiaries.

Appears in 1 contract

Samples: Asset Purchase Agreement (Steelcloud Inc)

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