Common use of Adverse Interest Clause in Contracts

Adverse Interest. No current officer, director or Person known to the Company or the Company Subsidiaries to be the record or beneficial owner in excess of 5% of such entity’s outstanding stock, is a party adverse to the Company or the Company Subsidiaries or has a material interest adverse to the Company or the Company Subsidiaries in any material pending Proceeding.

Appears in 10 contracts

Samples: Share Exchange Agreement (Broadcast Live Digital Corp.), Share Exchange Agreement (Helmer Directional Drilling Corp.), Share Exchange Agreement (Helmer Directional Drilling Corp.)

AutoNDA by SimpleDocs

Adverse Interest. No current officer, director or Person known to the Company Acquiree or the Company Acquiree Subsidiaries to be the record or beneficial owner in excess of 5% of such entity’s outstanding stock, is a party adverse to the Company Acquiree or the Company Acquiree Subsidiaries or has a material interest adverse to the Company Acquiree or the Company Acquiree Subsidiaries in any material pending Proceeding.

Appears in 7 contracts

Samples: Share Exchange Agreement (Kirin International Holding, Inc.), Share Exchange Agreement (Kirin International Holding, Inc.), Share Exchange Agreement (Kirin International Holding, Inc.)

Adverse Interest. No current officer, director or Person known to the Acquiree Company or the Company its Subsidiaries to be the record or beneficial owner in excess of 5% of such entity’s outstanding stock, is a party adverse to the Acquiree Company or the Company its Subsidiaries or has a material interest adverse to the Acquiree Company or the Company its Subsidiaries in any material pending Proceeding.

Appears in 7 contracts

Samples: Share Exchange Agreement (Diamir Biosciences Corp.), Share Exchange Agreement (Diamir Biosciences Corp.), Share Exchange Agreement (Gushen, Inc)

AutoNDA by SimpleDocs

Adverse Interest. No current officer, director director, Affiliate or Person person known to the Company or the Company Subsidiaries to be the record or beneficial owner in excess of 5% of such entity’s outstanding stock, Company Common Stock or any person known to be an associate of any of the foregoing is a party adverse to the Company or the Company Subsidiaries or has a material interest adverse to the Company or the Company Subsidiaries in any material pending Proceedinglegal proceeding.

Appears in 1 contract

Samples: Share Exchange Agreement (Bay Peak 1 Opportunity Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!