Common use of RELATIONSHIPS WITH RELATED PERSONS Clause in Contracts

RELATIONSHIPS WITH RELATED PERSONS. Except as disclosed in Schedule 6.29 of the Seller Disclosure Schedule, neither Seller nor Selling Principal nor any member of Selling Principal’s family has or had any interest in any property (whether real, personal, or mixed and whether tangible or intangible) used in or pertaining to the Business. Neither Seller nor Selling Principal nor any member of Selling Principal’s family owns or has owned of record or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that has (a) had business dealings or a material financial interest in any transaction with Seller other than business dealings or transactions disclosed in Schedule 6.29 of the Seller Disclosure Schedule, each of which has been conducted in the Ordinary Course of Business with Seller at substantially prevailing market prices and on substantially prevailing market terms, or (b) engaged in competition with Seller with respect to any line of the products or services of Seller (a “Competing Business”) in any market presently served by Seller, except for ownership of less than 1.0% 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 in Schedule 6.29 of the Seller Disclosure Schedule, neither Seller nor Selling Principal nor any member of Selling Principal’s family is a party to any Contract with, or has any claim or right against, Seller.

Appears in 4 contracts

Samples: Asset Purchase Agreement (GlyEco, Inc.), Asset Purchase Agreement (GlyEco, Inc.), Asset Purchase Agreement (GlyEco, Inc.)

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RELATIONSHIPS WITH RELATED PERSONS. Except as disclosed in Schedule 6.29 of the Seller Disclosure Schedule, neither Seller nor any of the Selling Principal Principals nor any member of the Selling Principal’s family Principals’ families has or had any interest in any property (whether real, personal, or mixed and whether tangible or intangible) used in or pertaining to the Business. .Neither Seller nor any of the Selling Principal Principals nor any member of the Selling Principal’s family Principals’ families owns or has owned of record or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that has (a) had business dealings or a material financial interest in any transaction with Seller other than business dealings or transactions disclosed in Schedule 6.29 of the Seller Disclosure Schedule, each of which has been conducted in the Ordinary Course of Business with Seller at substantially prevailing market prices and on substantially prevailing market terms, or (b) engaged in competition with Seller with respect to any line of the products or services of Seller (a “Competing Business”) in any market presently served by Seller, except for ownership of less than 1.0% 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 in Schedule 6.29 of the Seller Disclosure Schedule, neither Seller nor any of the Selling Principal Principals nor any member of the Selling Principal’s family Principals’ families is a party to any Contract with, or has any claim or right against, Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (GlyEco, Inc.)

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