Common use of Affiliate Relationships Clause in Contracts

Affiliate Relationships. Except as set forth on Schedule 5.14, neither any Seller Party nor any Service Provider, or a manager, officer or director of Seller, nor any of their respective Affiliates: (a) has, or during the last three fiscal years has had, any direct or indirect interest (i) in, or is or during the last three fiscal years was, a director, manager, officer or employee of, any Person that is a client, customer, supplier, lessor, lessee, debtor, creditor or competitor of Seller or (ii) in any material property, asset or right that is owned or used by Seller in the Business; or (b) is a party to any Contract or transaction with Seller, other than their right to receive compensation and employee benefits in the ordinary course of business.

Appears in 2 contracts

Samples: Asset Purchase Agreement (CRAWFORD UNITED Corp), Asset Purchase Agreement (CRAWFORD UNITED Corp)

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Affiliate Relationships. Except as set forth on Schedule 5.14, neither any Seller Party Shareholder nor any Service Provider, or a manager, officer or director of Seller, nor any of their respective Affiliates: (a) has, or during the last three five fiscal years has had, any direct or indirect interest (i) in, or is or during the last three five fiscal years was, a director, manager, officer or employee of, any Person that is a client, customer, supplier, lessor, lessee, debtor, creditor or competitor of Seller or (ii) in any material property, asset or right that is owned or used by Seller in the Business; or (b) is a party to any Contract or transaction with Seller, other than their right to receive compensation and employee benefits in the ordinary course of business.

Appears in 1 contract

Samples: Asset Purchase Agreement (CRAWFORD UNITED Corp)

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Affiliate Relationships. Except as set forth on Schedule 5.14, neither any Seller Party the Shareholders nor any Service Provider, or a manager, officer or director of Seller, nor any of their respective Affiliates: (a) has, or during the last three five fiscal years has had, any direct or indirect interest (i) in, or is or during the last three five fiscal years was, a director, manager, officer or employee of, any Person that is a client, customer, supplier, lessor, lessee, debtor, creditor or competitor of Seller or (ii) in any material property, asset or right that is owned or used by Seller in the Business; or (b) is a party to any Contract or transaction with Seller, other than their right to receive compensation and employee benefits in the ordinary course of business.

Appears in 1 contract

Samples: Asset Purchase Agreement (CRAWFORD UNITED Corp)

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