Common use of Potential Conflicts of Interest Clause in Contracts

Potential Conflicts of Interest. Neither the Company, nor any of its Subsidiaries, nor any of their respective officers, members, directors, shareholders, or employees, (i) owns, directly or indirectly, any interest (excepting passive holdings for investment purposes of not more than 2% of the securities of any publicly held and traded company) in, or is an officer, director, member, employee, or consultant of, any person that is a competitor, lessor, lessee, customer, or supplier of the Company or any of its Subsidiaries; (ii) owns, directly or indirectly, any interest in any tangible or intangible property used in or necessary to the business of the Company or any of its Subsidiaries; (iii) to the Company's knowledge, has any cause of action or other claim whatsoever against the Company 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; or (iv) owes any amount to the Company or any of its Subsidiaries other than loans between the Company and any of its Subsidiaries.

Potential Conflicts of Interest. Neither Except as set forth on Schedule 3.19 and except for Vectis employees at the Company, nor any of its Subsidiariesno officer, nor any of their respective officers, members, directors, shareholders, director or employees, (i) owns, directly or indirectly, any interest (excepting passive holdings for investment purposes of not stockholder beneficially owning more than 25% of the securities outstanding shares of Common Stock, to the Knowledge of the Company, no spouse of any publicly held and traded company) in, or is an such officer, directordirector or stockholder, memberand, employee, or consultant of, any person that is a competitor, lessor, lessee, customer, or supplier to the Knowledge of the Company or Company, no Affiliate of any of its Subsidiaries; the foregoing (iia) 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 tangible Person which is, or intangible property used is engaged in business as, a competitor, lessor, lessee, supplier, distributor, or necessary customer of, or lender to the business of or borrower from, the Company or any of its Subsidiaries; (iiib) to owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company's knowledgeCompany or any of its Subsidiaries use, in the conduct of business; or (c) has any cause of action or other claim whatsoever against against, or owes or has advanced any amount to, the Company or any of its Subsidiaries, except for claims in the ordinary course of business, business such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements; or (iv) owes any amount to agreements existing on the Company or any of its Subsidiaries other than loans between the Company and any of its Subsidiariesdate hereof.

Potential Conflicts of Interest. Neither To the Knowledge of the Company, nor any of its Subsidiariesexcept as set forth on Schedule 3.22, nor any of their respective officers, members, directors, shareholders, or employees, (i) owns, directly or indirectly, any interest (excepting passive holdings for investment purposes of not more than 2% of the securities of any publicly held and traded company) in, or is an no officer, director, member, employee, director or consultant of, any person that is a competitor, lessor, lessee, customer, or supplier affiliate of the Company or any of its the Subsidiaries; : (iia) owns, directly or indirectly, any interest in a company (excepting less than 1% stock holdings for investment purposes in securities of publicly held and traded companies), or is an officer, director, employee or consultant of, any tangible such company that is engaged in business as, a competitor, lessor, lessee, supplier, distributor, sales agent or intangible property used in customer of, or necessary lender to the business of or borrower from, the Company or any of its Subsidiaries; (iiib) to owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company's knowledge, Company or any of the Subsidiaries uses in the conduct of its business; or (c) has any cause of action or other claim whatsoever against against, or owes any amount to, the Company or any of its the Subsidiaries, except for claims in the ordinary course of business, business such as for accrued vacation pay, accrued benefits under employee benefit plansthe Benefit Plans, and similar matters and agreements; or (iv) owes any amount to agreements arising in the Company or any ordinary course of its Subsidiaries other than loans between the Company and any of its Subsidiariesbusiness.

Potential Conflicts of Interest. Neither Except as set forth on Schedule 3.20, no officer, director or stockholder beneficially owning more than five percent (5%) of the outstanding shares of Common Stock, to the Knowledge of the Company, nor no spouse of any such officer, director or stockholder, and, to the Knowledge of the Company, no Affiliate of any of its Subsidiaries, nor any of their respective officers, members, directors, shareholders, or employees, the foregoing (i) owns, directly or indirectly, any interest (excepting passive holdings for investment purposes of not more than 2% of the securities of any publicly held and traded company) in, or is an officer, director, member, employee, or consultant of, any person that is a competitor, lessor, lessee, customer, or supplier of the Company or any of its Subsidiaries; (iia) 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 tangible Person which is, or intangible property used is engaged in business as, a competitor, lessor, lessee, supplier, distributor, or necessary customer of, or Investor to the business of or borrower from, the Company or any of its Subsidiaries; (iiib) to owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company's knowledgeCompany or any of its Subsidiaries use, in the conduct of business; or (c) has any cause of action or other claim whatsoever against against, or owes or has advanced any amount to, the Company or any of its Subsidiaries, except for claims in the ordinary course of business, business such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements; or (iv) owes any amount to agreements existing on the Company or any of its Subsidiaries other than loans between the Company and any of its Subsidiariesdate hereof.

Potential Conflicts of Interest. Neither Except as set forth on Schedule 3.20 no officer, director or stockholder beneficially owning more than five percent (5%) of the outstanding shares of Common Stock, to the Knowledge of the Company, nor no spouse of any such officer, director or stockholder, and, to the Knowledge of the Company, no Affiliate of any of its Subsidiaries, nor any of their respective officers, members, directors, shareholders, or employees, the foregoing (i) owns, directly or indirectly, any interest (excepting passive holdings for investment purposes of not more than 2% of the securities of any publicly held and traded company) in, or is an officer, director, member, employee, or consultant of, any person that is a competitor, lessor, lessee, customer, or supplier of the Company or any of its Subsidiaries; (iia) 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 tangible Person which is, or intangible property used is engaged in business as, a competitor, lessor, lessee, supplier, distributor, or necessary customer of, or lender to the business of or borrower from, the Company or any of its Subsidiaries; (iiib) to owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company's knowledgeCompany or any of its Subsidiaries use, in the conduct of business; or (c) has any cause of action or other claim whatsoever against against, or owes or has advanced any amount to, the Company or any of its Subsidiaries, except for claims in the ordinary course of business, business such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements; or (iv) owes any amount to agreements existing on the Company or any of its Subsidiaries other than loans between the Company and any of its Subsidiariesdate hereof.

Potential Conflicts of Interest. Neither Except as set forth on Schedule 3.20, no officer, director or stockholder beneficially owning more than five percent (5%) of the outstanding shares of Common Stock, to the Knowledge of the Company, nor no spouse of any such officer, director or stockholder, and, to the Knowledge of the Company, no Affiliate of any of its Subsidiaries, nor any of their respective officers, members, directors, shareholders, or employees, the foregoing (i) owns, directly or indirectly, any interest (excepting passive holdings for investment purposes of not more than 2% of the securities of any publicly held and traded company) in, or is an officer, director, member, employee, or consultant of, any person that is a competitor, lessor, lessee, customer, or supplier of the Company or any of its Subsidiaries; (iia) 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 tangible Person which is, or intangible property used is engaged in business as, a competitor, lessor, lessee, supplier, distributor, or necessary customer of, or lender to the business of or borrower from, the Company or any of its Subsidiaries; (iiib) to owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company's knowledgeCompany or any of its Subsidiaries use, in the conduct of business; or (c) has any cause of action or other claim whatsoever against against, or owes or has advanced any amount to, the Company or any of its Subsidiaries, except for claims in the ordinary course of business, business such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements; or (iv) owes any amount to agreements existing on the Company or any of its Subsidiaries other than loans between the Company and any of its Subsidiariesdate hereof.

Potential Conflicts of Interest. Neither the Company, nor any of its Subsidiaries, nor any of their respective officers, members, directors, shareholders, or employees, (i) owns, directly or indirectly, any interest (excepting passive holdings for investment purposes of not more than 2% Except as set forth on Section 5.23 of the securities of any publicly held and traded company) inParent Disclosure Schedule, or is an no officer, director, member, employee, stockholder or consultant of, other beneficial owner (as such term is defined under Rule 13d3 of the Exchange Act) (other than any person beneficial owner or stockholder that is not a competitor, lessor, lessee, customer, or supplier party to the Stockholders' Agreement) of the Company securities of Parent or any of its Subsidiaries; : (iia) owns, directly or indirectly, any interest in (excepting less than 5% stock holdings for investment purposes in securities of publicly held and traded companies), or is an officer, director, employee or consultant of, any tangible entity or intangible property used Person that is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, sales agent or necessary customer of, or lender to the business of the Company or borrower from, Parent or any of its Subsidiaries; (iiib) to owns, directly or indirectly, in whole or in part, any tangible or intangible property that Parent or any of its Subsidiaries uses in the Company's knowledge, conduct of business; or (c) has any cause of action or other claim whatsoever against the Company against, or owes or has advanced any amount to, Parent or any of its Subsidiaries, except for claims in the ordinary course of business, business such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements; or (iv) owes any amount to agreements existing on the Company or any of its Subsidiaries other than loans between the Company and any of its Subsidiariesdate hereof.