13Certain Transactions Clause Samples
13Certain Transactions. Except for arm’s length transactions pursuant to which Pocket Games or any of its Subsidiaries makes payments in the ordinary course of business upon terms no less favorable than Pocket Games or any of its Subsidiaries could obtain from third parties and other than the grant of disclosed stock options, none of the officers, directors, or employees of Pocket Games is presently a party to any transaction with Pocket Games or any of its Subsidiaries (other than for services as employees, officers and directors), including any contract, agreement or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring payments to or from any officer, director or such employee or, to the knowledge of Pocket Games, any corporation, partnership, trust or other entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee or partner.
13Certain Transactions. Neither Seller nor any of its controlled Affiliates, nor, to Seller’s Knowledge, any officer, director or employee of Seller or any of its controlled Affiliates, nor, to Seller’s Knowledge, any family member of any such officer, director or employee: (a) has any ownership or interest in any of the Acquired Assets, (b) participates in, engages in or owns any business that (i) has an ongoing business relationship with Business, or (ii) competes with or is engaged in the same business as the Business, (c) is a party to any Assumed Business Contract, or (d) owes any amount to, or is owed any amount by, Seller with respect of the Business.