Common use of Potential Conflicts of Interest Clause in Contracts

Potential Conflicts of Interest. Except as set forth on Schedule 3.19 and except for Vectis employees at the Company, no officer, director or stockholder beneficially owning more than 5% of the outstanding shares of Common Stock, to the Knowledge of the Company, no spouse of any such officer, director or stockholder, and, to the Knowledge of the Company, 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 which is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, or customer of, or lender to or borrower from, the Company or any of its Subsidiaries; (b) owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company or any of its Subsidiaries use, in the conduct of business; or (c) has any cause of action or other claim whatsoever 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 such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements existing on the date hereof.

Potential Conflicts of Interest. Except as set forth on Schedule 3.19 and except for Vectis employees at Neither the Company, no officernor any of its Subsidiaries, director nor any of their respective officers, members, directors, shareholders, or stockholder beneficially owning employees, (i) owns, directly or indirectly, any interest (excepting passive holdings for investment purposes of not more than 52% of the outstanding shares securities of Common Stockany publicly held and traded company) in, to the Knowledge or is an officer, director, member, employee, or consultant of, any person that is a competitor, lessor, lessee, customer, or supplier of the Company, no spouse of any such officer, director Company or stockholder, and, to the Knowledge of the Company, no Affiliate of any of the foregoing its Subsidiaries; (aii) owns, directly or indirectly, any interest in (excepting less than one percent (1%) stock holdings for investment purposes any tangible or intangible property used in securities or necessary to the business of publicly held and traded companies), or is an officer, director, employee or consultant of, any Person which is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, or customer of, or lender to or borrower from, the Company or any of its Subsidiaries; (biii) ownsto the Company's knowledge, directly or indirectly, in whole or in part, any tangible or intangible property that the Company or any of its Subsidiaries use, in the conduct of business; or (c) has any cause of action or other claim whatsoever against, or owes or has advanced any amount to, against 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 existing on agreements; or (iv) owes any amount to the date hereofCompany or any of its Subsidiaries other than loans between the Company and any of its Subsidiaries.

Potential Conflicts of Interest. Except as set forth on Schedule 3.19 and except Neither the Purchaser nor any of its officers, directors, shareholders, or employees (i) owns, directly or indirectly, any interest (excepting passive holdings for Vectis employees at the Company, no officer, director or stockholder beneficially owning investment purposes of not more than 52% of the outstanding shares securities of Common Stockany publicly held and traded company) in, to the Knowledge or is an officer, director, member, employee, or consultant of, any person that is a competitor, lessor, lessee, customer, or supplier of the Company, no spouse of any such officer, director Company or stockholder, and, to the Knowledge of the Company, no Affiliate of any of the foregoing its Subsidiaries; (aii) owns, directly or indirectly, any interest in (excepting less than one percent (1%) stock holdings for investment purposes any tangible or intangible property used in securities or necessary to the business of publicly held and traded companies), or is an officer, director, employee or consultant of, any Person which is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, or customer of, or lender to or borrower from, the Company or any of its Subsidiaries; (biii) ownsto the Company's knowledge, directly or indirectly, in whole or in part, any tangible or intangible property that the Company or any of its Subsidiaries use, in the conduct of business; or (c) has any cause of action or other claim whatsoever against, or owes or has advanced any amount to, against 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 existing on agreements; or (iv) owes any amount to the date hereofCompany or any of its Subsidiaries.

Potential Conflicts of Interest. Except as set forth on Schedule 3.19 and except for Vectis employees at the Company, 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, no spouse of any such officer, director or stockholder, and, to the Knowledge of the Company, 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 which is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, or customer of, or lender to or borrower from, the Company or any of its Subsidiaries; (b) owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company or any of its Subsidiaries use, in the conduct of business; or (c) has any cause of action or other claim whatsoever 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 such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements existing on the date hereof.

Potential Conflicts of Interest. Except as set forth on Schedule 3.19 and except Neither Winsonic, 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 Vectis employees at the Company, no officer, director or stockholder beneficially owning investment purposes of not more than 52% of the outstanding shares of Common Stock, to the Knowledge of the Company, no spouse securities of any such publicly held and traded company) in, or is an officer, director director, member, employee, or stockholderconsultant of, andany person that is a competitor, to the Knowledge lessor, lessee, customer, or supplier of the Company, no Affiliate of Winsonic or any of the foregoing its Subsidiaries; (aii) owns, directly or indirectly, any interest in (excepting less than one percent (1%) stock holdings for investment purposes any tangible or intangible property used in securities or necessary to the business of publicly held and traded companies), or is an officer, director, employee or consultant of, any Person which is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, or customer of, or lender to or borrower from, the Company Winsonic or any of its Subsidiaries; (biii) ownsto Winsonic’s or Shareholder’s knowledge, directly or indirectly, in whole or in part, any tangible or intangible property that the Company or any of its Subsidiaries use, in the conduct of business; or (c) has any cause of action or other claim whatsoever against, or owes or has advanced any amount to, the Company against Winsonic 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 existing on the date hereofagreements; or (iv) owes any amount to Winsonic or any of its Subsidiaries other than loans between Winsonic and any of its Subsidiaries.

Potential Conflicts of Interest. Except as set forth on Schedule 3.19 and except for Vectis employees at the Company3.20, 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, no spouse of any such officer, director or stockholder, and, to the Knowledge of the Company, 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 which is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, or customer of, or lender to or borrower from, the Company or any of its Subsidiaries; (b) owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company or any of its Subsidiaries use, in the conduct of business; or (c) has any cause of action or other claim whatsoever 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 such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements existing on the date hereof.

Potential Conflicts of Interest. Except as set forth on Schedule 3.19 and except for Vectis employees at the Company3.20, 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, no spouse of any such officer, director or stockholder, and, to the Knowledge of the Company, 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 which is, or is engaged in business as, a competitor, lessor, lessee, supplier, distributor, or customer of, or lender Investor to or borrower from, the Company or any of its Subsidiaries; (b) owns, directly or indirectly, in whole or in part, any tangible or intangible property that the Company or any of its Subsidiaries use, in the conduct of business; or (c) has any cause of action or other claim whatsoever 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 such as for accrued vacation pay, accrued benefits under employee benefit plans, and similar matters and agreements existing on the date hereof.