Common use of No Prohibited Payments Clause in Contracts

No Prohibited Payments. Neither YouChange, nor any subsidiary of YouChange, nor, to the knowledge of YouChange, any officer, director, employee, independent contractor, or agent, acting on behalf of YouChange or any subsidiary of YouChange, 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 YouChange or any subsidiary of YouChange sells products or renders services or from which YouChange or any subsidiary of YouChange 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 YouChange or any subsidiary of YouChange; 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 YouChange or any subsidiary of YouChange.

Appears in 1 contract

Samples: Agreement and Plan of Merger (YouChange Holdings Corp)

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No Prohibited Payments. Neither YouChange, the Company nor any subsidiary of YouChange, its subsidiaries nor, to the knowledge of YouChangethe Seller and Zoi, any officer, director, employee, independent contractor, or agent, acting on behalf of YouChange the Company or any subsidiary of YouChangeits subsidiaries, 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 YouChange the Company or any subsidiary of YouChange its subsidiaries sells products or renders services or from which YouChange the Company or any subsidiary of YouChange its subsidiaries 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 YouChange the Company or any subsidiary of YouChange; 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 YouChange the Company or any subsidiary of YouChangeits subsidiaries.

Appears in 1 contract

Samples: Exchange and Stock Purchase Agreement (Net Element, Inc.)

No Prohibited Payments. Neither YouChangeBuyer, nor any subsidiary of YouChange, Buyer nor, to the knowledge of YouChangeBuyer, any officer, director, member, manager, employee, independent contractor, or agent, acting on behalf of YouChange Buyer or any subsidiary of YouChangeBuyer, 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 YouChange Buyer or any subsidiary of YouChange Buyer sells products or renders services or from which YouChange Buyer or any subsidiary of YouChange Buyer 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 YouChange Buyer or any subsidiary of YouChange; Buyer, 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 YouChange Buyer or any subsidiary of YouChangeBuyer.

Appears in 1 contract

Samples: Non Competition Agreement (Infinity Resources Holdings Corp.)

No Prohibited Payments. Neither YouChangeCompany, nor any subsidiary of YouChangeCompany, nor, to the knowledge of YouChangeCompany or Sellers, any officer, director, employee, independent contractor, or agent, acting on behalf of YouChange Company or any subsidiary of YouChangeCompany, 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 YouChange Company or any subsidiary of YouChange Company sells products or renders services or from which YouChange Company or any subsidiary of YouChange Company 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 YouChange Company or any subsidiary of YouChangeCompany; 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 YouChange Company or any subsidiary of YouChangeCompany.

Appears in 1 contract

Samples: Stock Purchase Agreement (Duraswitch Industries Inc)

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No Prohibited Payments. Neither YouChangeCompany, nor any subsidiary of YouChange, Company nor, to the knowledge of YouChangeSeller, any officer, director, member, manager, employee, independent contractor, or agent, acting on behalf of YouChange Company or any subsidiary of YouChangeCompany, 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 YouChange Company or any subsidiary of YouChange Company sells products or renders services or from which YouChange Company or any subsidiary of YouChange Company 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 YouChange Company or any subsidiary of YouChange; Company, 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 YouChange Company or any subsidiary of YouChangeCompany.

Appears in 1 contract

Samples: Non Competition Agreement (Infinity Resources Holdings Corp.)

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