Common use of Potential Conflicts of Interest Clause in Contracts

Potential Conflicts of Interest. No officer or director of the Company, no spouse of any such officer or director, and, to the knowledge of the Company, no relative of such spouse or of any such officer or director and no Affiliate of any of the foregoing (a) owns, directly or indirectly, any interest in (excepting less than one percent (1%) stock holdings for investment purposes in securities of publicly held and traded companies), or is an officer, director, employee or consultant of, any Person that is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, sales agent or customer of, or lender to or borrower from, the Company, (b) owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company has used, or that the Company will use, in the conduct of business, or (c) to the Company's knowledge, has any cause of action or other claim whatsoever against, or owes or has advanced any amount to, the Company, except for claims in the ordinary course of business such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements existing on the date hereof.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Williams Communications Group Inc), Stock Purchase Agreement (Touch America Holdings Inc), Stock Purchase Agreement (Allen & Co Inc/Allen Holding Inc)

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Potential Conflicts of Interest. No officer Except as set forth in Schedule 3.31, to the knowledge of Seller, no officer, manager or director member of the Company, no spouse of any such officer officer, manager or director, and, to the knowledge of the Companymember, no relative of such spouse or of any such officer officer, manager or director member and no Affiliate of any of the foregoing foregoing: (a) owns, directly or indirectly, any interest in (excepting less than one percent (1%) stock holdings for investment purposes in securities of publicly held and traded companies), or is an officer, directormanager, employee or consultant of, any Person that which is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, sales agent or customer of, or lender to or borrower from, the Company, ; (b) owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company has used, or that the Company will use, used in the conduct of business, the Business; or (c) to the Company's knowledge, has any cause of action or other claim whatsoever against, or owes or has advanced any amount to, the Company, except for claims in the ordinary course of business such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements existing on the date hereof.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (TRxADE HEALTH, INC), Membership Interest Purchase Agreement (TRxADE HEALTH, INC)

Potential Conflicts of Interest. No officer or director of the Company, no spouse of any such officer or director, and, to To the knowledge of the Company, except as set forth in Section 2.1(o) of the Disclosure Schedule, no executive officer, director or affiliate of the Company or any of its Subsidiaries, and no relative of such or spouse or of any such officer officer, director or director and no Affiliate of any of the foregoing affiliate: (ai) owns, directly or indirectly, any interest in (excepting less than one percent (1%) % stock holdings for investment purposes in securities of publicly held and traded companies), or is an officer, director, employee or consultant of, any Person that is, or which is engaged in business as, a competitor, lessor, lessee, supplier, distributor, sales agent or customer of, or lender to or borrower from, the Company, Company or any of its Subsidiaries; (bii) owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company has used, or that the Company will use, any of its Subsidiaries uses in the conduct of its business, ; or (ciii) to the Company's knowledge, has any cause of action or other claim whatsoever against, or owes or has advanced any amount to, the CompanyCompany or any of its Subsidiaries, except for claims in the ordinary course of business such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements existing on arising in the date hereofordinary course of business.

Appears in 2 contracts

Samples: Stock Purchase Agreement (California Tire Co), Stock Purchase Agreement (J H Heafner Co Inc)

Potential Conflicts of Interest. No officer or director of the Company, no spouse of any such officer or director, and, to the knowledge of the Company, no relative of such spouse or of any such officer or director and no Affiliate of any of the foregoing (a) owns, directly or indirectly, any interest in (excepting less than one percent (1%) stock holdings for investment purposes in securities of publicly held and traded companies), or is an officer, director, employee or consultant of, any Person that is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, sales agent or customer of, or lender to or borrower from, the Company, (b) owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company has used, or that the Company will use, in the conduct of business, or (c) to the Company's knowledge, has any cause of action or other claim whatsoever against, or owes or has advanced any amount to, the Company, except for claims in the ordinary course of business such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements existing on the date hereof.accrued

Appears in 1 contract

Samples: Stock Purchase Agreement (Williams Communications Group Inc)

Potential Conflicts of Interest. No officer or director of To the Company, no spouse of any such officer or director, and, to the best knowledge of the Company, except as set forth on Schedule 5.26, no executive officer, director or Affiliate of the Company or any of its Subsidiaries, and no relative of such or spouse or of any such officer officer, director or director and no Affiliate of any of the foregoing Affiliate: (a) owns, directly or indirectly, any interest in (excepting less than one percent (1%) % stock holdings for investment purposes in securities of publicly held and traded companies), or is an officer, director, employee or consultant of, any Person that which is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, sales agent or customer of, or lender to or borrower from, the Company, Company or any of its Subsidiaries; (b) owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company has used, or that the Company will use, any of its Subsidiaries uses in the conduct of its business, ; or (c) to the Company's knowledge, has any cause of action or other claim whatsoever against, or owes or has advanced any amount to, the CompanyCompany or any of its Subsidiaries, except for claims in the ordinary course of business such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements existing on arising in the date hereofordinary course of business.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Phoenix Racing Inc)

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Potential Conflicts of Interest. No officer or director of the Company, no spouse of any such officer or director, and, to the knowledge of the Company, no relative of such spouse or of any such officer or director and no Affiliate of any of the foregoing (a) owns, directly or indirectly, any interest in (excepting less than one percent (1%) stock holdings for investment purposes in securities of publicly held and traded companies), or is an officer, director, employee or consultant of, any Person that is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, sales agent or customer of, or lender to or borrower from, the Company, (b) owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company has used, or that the Company will use, in the conduct of business, or (c) to the Company's knowledge, has any cause of action or other claim whatsoever against, or owes or has advanced any amount to, the Company, except for claims in the ordinary course of business such as for accrued vacation pay, accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements existing on the date hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ibeam Broadcasting Corp)

Potential Conflicts of Interest. No officer or director of the ------------------------------- Company, no spouse of any such officer or director, and, to the knowledge of the Company, no relative of such spouse or of any such officer or director and no Affiliate of any of the foregoing (a) owns, directly or indirectly, any interest in (excepting less than one percent (1%) % stock holdings for investment purposes in securities of publicly held and traded companies), or is an officer, director, employee or consultant of, any Person that which is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, sales agent or customer of, or lender to or borrower from, the Company, ; (b) owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company has used, or that the Company will use, in the conduct of business, ; or (c) to the Company's knowledge, has any cause of action or other claim whatsoever against, or owes or has advanced any amount to, the Company, except for claims in the ordinary course of business such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements existing on the date hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (Synapse Group Inc)

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