Common use of Potential Conflicts of Interest Clause in Contracts

Potential Conflicts of Interest. No officer, director, or, to best of the Company's knowledge, stockholder of the Company (a) owns, directly or indirectly, any interest (excepting not more than 5% stock holdings for investment purposes in securities of publicly held and traded companies) in, or is an officer, director, employee, or consultant of, any person that furnishes or sells services, drug candidates or products that the Company furnishes or sells or proposes to furnish or sell or is a lessor, lessee, customer, or supplier of the Company; (b) owns, directly or indirectly, in whole or in part (other than solely as a result of his or its ownership of Company Stock), any tangible or intangible property that the Company is using or the use of which is necessary for the business of the Company; or (c) to the best of the Company's knowledge, has any cause of action or other claim whatsoever against, or owes 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.

Appears in 4 contracts

Samples: Agreement and Plan of Merger and Reorganization (Leukosite Inc), Agreement and Plan of Merger and Reorganization (Leukosite Inc), Agreement and Plan of Merger and Reorganization (Leukosite Inc)

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Potential Conflicts of Interest. No officer, director, or, to best To the Knowledge of the Company's knowledge, stockholder no officer or director, of the Company Company: (a) owns, directly or indirectly, any owns a material equity interest in (excepting not more than 5% stock holdings for investment purposes in securities of publicly held and traded companies; provided that in the case of an officer of the Company, such stock holdings shall not exceed a one percent (1%) inequity stake in any publicly held company), or is an officer, director, employee, employee or consultant of, any person that furnishes or sells servicesPerson which is, drug candidates or products that the Company furnishes or sells or proposes to furnish or sell or is engaged in business as, a competitor, lessor, lessee, customersupplier, distributor, or supplier customer of, or lender to or borrower from, the Company or any of the Companyits Subsidiaries; (b) owns, directly or indirectly, in whole or in part (other than solely as a result of his or its ownership of Company Stock)part, any tangible or intangible property that the Company is using or any of its Subsidiaries uses, in the use conduct of which is necessary for the business of the Companyits business; or (c) to the best of 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, business such as for accrued vacation pay, accrued benefits under Employee Benefit Plansemployee benefit plans, and similar matters and agreementsagreements existing on the date hereof.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Techteam Global Inc), Securities Purchase Agreement (Techteam Global Inc)

Potential Conflicts of Interest. No officer, director, or, to best of the Company's ’s knowledge, stockholder of the Company (a) owns, directly or indirectly, any interest (excepting not more than five percent (5% %) stock holdings for investment purposes in securities of publicly held and traded companies) in, or is an officer, director, employee, or consultant of, any person that furnishes or sells services, drug candidates or products that the Company furnishes or sells or proposes to furnish or sell or is a lessor, lessee, customer, or supplier of the Company; (b) owns, directly or indirectly, in whole or in part (other than solely as a result of his or its ownership of Company Common Stock), any tangible or intangible property that the Company is using or the use of which is necessary for the business of the Company; or (c) to the best of the Company's ’s knowledge, has any cause of action or other claim whatsoever against, or owes 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.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Uluru Inc.)

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Potential Conflicts of Interest. No officer, director, or, to best of the Company's knowledge, stockholder shareholder of the Company (a) owns, directly or indirectly, any interest (excepting not more than five percent (5% %) stock holdings for investment purposes in securities of publicly held and traded companies) in, or is an officer, director, employee, or consultant of, any person that furnishes or sells services, drug candidates or products that the Company furnishes or sells or proposes to furnish or sell or is a lessor, lessee, customer, or supplier of the Company; (b) owns, directly or indirectly, in whole or in part (other than solely as a result of his or its ownership of Company Stock), any tangible or intangible property that the Company is using or the use of which is necessary for the business of the Company; or (c) to the best of the Company's knowledge, has any cause of action or other claim whatsoever against, or owes any amount to, the Company, except for claims in the ordinary course of business, such as including, without limitation, claims for accrued vacation pay, accrued benefits under Employee Benefit Plans, and similar matters and agreements.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cubist Pharmaceuticals Inc)

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