Common use of Transactions with Certain Persons Clause in Contracts

Transactions with Certain Persons. To the knowledge of Stockholder, no officer, director or employee of Stockholder nor any member of any such person's immediate family is presently a party to any material transaction with the Company relating to the Company's business, including without limitation, any contract, agreement or other arrangement (i) providing for the furnishing of material services by, (ii) providing for the rental of material real or personal property from, or (iii) otherwise requiring material payments to (other than for services as officers, directors or employees of Stockholder) any such person or corporation, partnership, trust or other entity in which any such person has a substantial interest as a shareholder, officer, director, trustee or partner.

Appears in 3 contracts

Samples: Stock Acquisition Agreement (Industrial Data Systems Corp), Stock Acquisition Agreement (Industrial Data Systems Corp), Stock Acquisition Agreement (Industrial Data Systems Corp)

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Transactions with Certain Persons. To the knowledge of StockholderStockholders, no officer, director or employee of Stockholder Stockholders or any general partner of Stockholders nor any member of any such person's immediate family is presently a party to any material transaction with the Company relating to the Company's business, including without limitation, any contract, agreement or other arrangement (i) providing for the furnishing of material services by, (ii) providing for the rental of material real or personal property from, or (iii) otherwise requiring material payments to (other than for services as officers, directors or employees of StockholderStockholders) any such person or corporation, partnership, trust or other entity in which any such person has a substantial interest as a shareholder, officer, director, trustee or partner.

Appears in 1 contract

Samples: Stock Acquisition Agreement (Industrial Data Systems Corp)

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