Common use of Relationship with Related Persons Clause in Contracts

Relationship with Related Persons. The Shareholders, directors, officers, and employees of Seller, and their Related Persons do not have any interest in any of the properties or assets of or used by Seller and do not own, of record or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that (i) has had business dealings or a material financial interest in any transaction with Seller, or (ii) has engaged or is engaged in competition with Seller with respect to any line of products or services of Seller in any market presently served by the Seller (a "Competing Business") (except for the ownership of less than three percent (3%) of the outstanding capital stock of any Competing Business that is publicly traded on any recognized exchange or in the over-the-counter market). Except as set forth on Schedule 6.28, no Shareholder, and no director, officer, or employee of the Seller and none of their Related Persons is a party to any contract with, or has any claim against, Seller or the Purchased Assets. All money owed by seller to its shareholders, directors or officers, or their Related Persons, (other than for salary) are for bona fide debts and are set forth in Schedule 6.28.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Stonepath Group Inc), Asset Purchase Agreement (Stonepath Group Inc)

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Relationship with Related Persons. The Shareholders, directorsPartners, officers, and employees of Seller, and their Related Persons do not have any interest in any of the properties or assets of or used by Seller and do not own, of record or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that (i) except as set out in Schedule 6.29, has had business dealings or a material financial interest in any transaction with Seller, or (ii) has engaged or is engaged in competition with Seller with respect to any line of products or services of Seller in any market presently served by the Seller (a "Competing Business") (except for the ownership of less than three percent (3%) of the outstanding capital stock of any Competing Business that is publicly traded on any recognized exchange or in the over-the-counter market). Except as set forth on Schedule 6.286.29, no Shareholder, and no directorPartner, officer, or employee of the Seller and none of their Related Persons is a party to any contract with, or has any claim against, Seller or the Purchased Assets. All money owed by seller to its shareholders, directors Partners or officers, or their Related Persons, (other than for salary) are for bona fide debts and are set forth in Schedule 6.286.29.

Appears in 1 contract

Samples: Asset Purchase Agreement (Radiant Logistics, Inc)

Relationship with Related Persons. The Shareholders, None of the directors, officers, and employees or Shareholders of Sellerthe Company, and their Related Persons do not have any interest in any of the properties or assets of or used by Seller the Company and do not own, of record or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that (i) except as set out in Schedule 3.18, has had business dealings or a material financial interest in any transaction with Sellerthe Company, or (ii) has engaged or is engaged in competition with Seller the Company with respect to any line of products or services of Seller the Company in any market presently served by the Seller Company (a "Competing Business") (except for the ownership of less than three percent (3%) of the outstanding capital stock of any Competing Business that is publicly traded on any recognized exchange or in the over-the-counter market). Except as set forth on Schedule 6.283.18, no Shareholder, and no directorShareholders, officer, or employee of the Seller Company and none of their Related Persons is a party to any contract with, or has any claim against, Seller the Company or the Purchased Assets. All money owed by seller the Company to its shareholders, directors Shareholders or officers, or their Related Persons, (other than for salary) are for bona fide debts and are set forth in Schedule 6.283.18.

Appears in 1 contract

Samples: Stock Purchase Agreement (Radiant Logistics, Inc)

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Relationship with Related Persons. The ShareholdersMembers, directors, officers, and employees of Seller, and their Related Persons do not have any interest in any of the properties or assets of or used by Seller and do not own, of record or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that (i) has had business dealings or a material financial interest in any transaction with Seller, or (ii) has engaged or is engaged in competition with Seller with respect to any line of products or services of Seller in any market presently served by the Seller (a "Competing Business") (except for the ownership of less than three percent (3%) of the outstanding capital stock of any Competing Business that is publicly traded on any recognized exchange or in the over-the-counter market). Except as set forth on Schedule 6.286.27, no ShareholderMember, and no director, officer, or employee of the Seller Company and none of their Related Persons is a party to any contract with, or has any claim against, Seller or the Purchased Assets. All money owed by seller to its shareholdersMembers, directors or officers, or their Related Persons, (other than for salary) are for bona fide debts and are set forth in Schedule 6.286.27.

Appears in 1 contract

Samples: Asset Purchase Agreement (Stonepath Group Inc)

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