Affiliated Transaction Sample Clauses

Affiliated Transaction. Except as set forth on the attached ---------------------- "AFFILIATED TRANSACTIONS SCHEDULE," no officer, director, Shareholder or Affiliate of the Company or any individual related by blood or marriage to any such Person or any entity in which any such Person or individual owns any beneficial interest, is a party to any agreement, contract, commitment or transaction with the Company or has any interest in any property, real, personal or mixed, tangible or intangible, used in or pertaining to the business of the Company.

Affiliated Transaction. All transactions by and between the Corporation and any officer, employee or shareholder of the Corporation or Persons controlled by or affiliated with such officer, employee or shareholder, shall be conducted on an arms-length basis, shall be on terms and conditions no less favorable to the Corporation than could be obtained from unrelated Persons and shall be approved by the Board after full disclosure of the terms thereof, for which purpose the interested party, if a director, and any affiliate of the interested party who is a director, shall not be entitled to vote.

Affiliated Transaction. 27 U. DISCLOSURE............................................................................................. 27 V.

Affiliated Transaction. 3.13.1 There is no actual or contingent debts or guarantee between/among the Company and the Transferors, any current or resigned senior management officer of the Company, any current or resigned directors of the Company and any individual or organization who have direct or indirect interest to the above person ("Affiliated Party"). 3.13.2 The Affiliated Party and the Company have no contract, agreement, or other documents which is still currently effective to and binding on the Company.

Affiliated Transaction. 10.06.01 Contractor agrees that it shall disclose in advance to AU, for its review and approval, the relevant terms of all proposed contracts, including advertising and promotions contracts, or other business arrangements or transactions between Contractor and a person or business which Contractor knows is a trustee, officer, or employee of Auburn University or in which such person is an officer, owner, partner, board of director member, employee, or holder of more than five percent (5%) of the fair market value of the business and all advertising, sponsorship, or other income producing contracts or agreements. Such disclosure shall indicate the identity of the individual or entity and the financial terms of the proposed business arrangement. AU’s disapproval, which shall not be arbitrary or capricious, of a proposed business arrangement of the type described in this Section 10.06 shall not constitute a breach of this Agreement or an interference with the rights granted to Contractor by this Agreement. 10.06.02 In connection with its performance of its obligations hereunder, Contractor shall disclose in advance to AU, for its review and approval, the proposed payment to or giving of any money or thing of value to an employee (including student employees) of AU. For the purposes hereof, a “thing of value” shall mean any gift, benefit, service, gratuity, tickets, or passes to an entertainment, social, or sporting event, or personal property of any kind of an economic value of greater than on hundred dollars ($100) or of an aggregate value of more than one hundred and fifty dollars ($150) during one (1) calendar year, but excluding charitable donations made to Auburn University or hospitality in the form of food and beverage where an employee of Contractor, as provider of such hospitality, is present.

Affiliated Transaction. All transactions or transfer of any resources or responsibility by the Company, Guangzhou Canyon or Prosper Focus, or any other commercial conducts with its affiliates have been fully disclosed to the Purchaser and the above-mentioned conducts are on a fair and reasonable basis without any violation of applicable laws and regulations, nor any warning, recourse or penalties from competent governmental authorities.

Affiliated Transaction. Except as contemplated by this Agreement, booktech is not a party to or bound by any contract, commitment or understanding with any of the stockholders, directors or officers of booktech or any of their affiliates or any member of their family and none of the stockholders, directors or officers of booktech or affiliates or any member of their family owns or otherwise has any rights to or interests in any asset, tangible or intangible, which is used in the business of booktech.

Affiliated Transaction. Except as disclosed in Schedule 3.1.38 and except for agents advances provided in the ordinary course of business, neither the Company nor the Subsidiary is liable in respect of any Contract, advance, loan or guarantee to or on behalf of any shareholder, officer, director, Employee or Affiliate or any other Person with whom dealings are not at arm’s-length, in excess of $10,000 in the aggregate or which will not be released or discharged prior to the Closing Time.

Affiliated Transaction. The transactions contemplated by this Agreement have been approved, prior to the date hereof, by a majority of OPS's "disinterested directors" (as defined in Article 14 of the Virginia Stock Corporation Act, as amended, in effect on the date of this Agreement (the "Virginia Act")), within the meaning of Section 13.1-727(B)(1)(iv) of Article 14 of the Virginia Act.

Affiliated Transaction. All transactions by and between the Corporation and any officer, employee or shareholder of the Corporation or persons controlled by or affiliated with such officer, employee or shareholder, shall be conducted on an arms-length basis, shall be on terms and conditions no less favorable to the Corporation than could be obtained from unrelated persons and shall be approved by the Board after full disclosure of the terms thereof.