Common use of Transactions with Interested Persons Clause in Contracts

Transactions with Interested Persons. Except as disclosed in the RMSI SEC Report (as hereinafter defined) or as set forth in Section 3.6 of the RMSI Disclosure Letter hereto, neither RMSI, nor any affiliate of RMSI, (i) owns directly or indirectly on an individual or joint basis any material interest in, or serves as an officer or director or in another similar capacity of, any competitor or supplier of RMSI or any of the RMSI Subsidiaries, or any organization which has a material contract or arrangement with RMSI or any of the RMSI Subsidiaries or (ii) has directly or indirectly engaged in any transaction involving any lease or transfer any material (measured at the time of such transaction or as of the date hereof) cash, property or rights to or from RMSI or any of the RMSI Subsidiaries from, to or for the benefit of any affiliate of RMSI or any of the RMSI Subsidiaries.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Richmont Marketing Specialists Inc), 6 Agreement and Plan of Merger (Butler Bruce A), Agreement and Plan of Merger (Ultimate Food Sales Inc)

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Transactions with Interested Persons. Except as disclosed in the RMSI ------------------------------------ SEC Report (as hereinafter defined) or as set forth in Section 3.6 of the RMSI Disclosure Letter hereto, neither RMSI, nor any affiliate of RMSI, (i) owns directly or indirectly on an individual or joint basis any material interest in, or serves as an officer or director or in another similar capacity of, any competitor or supplier of RMSI or any of the RMSI Subsidiaries, or any organization which has a material contract or arrangement with RMSI or any of the RMSI Subsidiaries or (ii) has directly or indirectly engaged in any transaction involving any lease or transfer any material (measured at the time of such transaction or as of the date hereof) cash, property or rights to or from RMSI or any of the RMSI Subsidiaries from, to or for the benefit of any affiliate of RMSI or any of the RMSI Subsidiaries.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Monroe James L), Voting Agreement (Merkert American Corp)

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