Agreements and Transactions with Related Parties. Except as disclosed on Schedule 3.21, the Company is not, and since January 1, 2002 has not been, a party to any contract, agreement, lease or transaction with, or any other commitment to, (a) a shareholder, (b) any person related by blood, adoption or marriage to shareholder, (c) any director or officer of the Company, (d) any corporation or other entity in which any of the foregoing parties has, directly or indirectly, at least five percent (5.0%) beneficial interest in the capital stock or other type of equity interest in such corporation or other entity, or (e) any partnership in which any such party is a general partner or a limited partner having a five percent (5%) or more interest therein (any or all of the foregoing being herein referred to as a "Related Party" and collectively as the "Related Parties"). Without limiting the generality of the foregoing, except as set forth in Schedule 3.21, (a) no Related Party, directly or indirectly, owns or controls any assets or properties which are or have since January 1, 2002 been used in the business of the Company, and (b) no Related Party, directly or indirectly, engages in or has any significant interest in or connection with any business: (i) which is or which within the last two (2) years has been a competitor, customer or supplier of, or has done business with, the Company, or (ii) which as of the date hereof sells or distributes products or provides services which are similar or related to the products or services of the Company.
Agreements and Transactions with Related Parties. Except as disclosed on Schedule 3.21, neither the Company nor any Subsidiary is, and since the date of the Company Balance Sheet has not been, a party to any contract, agreement, lease or transaction with, or any other commitment to, (a) a shareholder, (b) any person related by blood, adoption or marriage to shareholder, (c) any director or officer of the Company or any Subsidiary, (d) any corporation or other entity in which any of the foregoing parties has, directly or indirectly, at least five percent (5%) beneficial interest in the capital stock or other type of equity interest in such corporation or other entity, or (e) any partnership in which any such party is a general partner or a limited partner having a five percent (5%) or more interest therein (any or all of the foregoing being herein referred to as a “Related Party” and collectively as the “Related Parties”). Without limiting the generality of the foregoing, except as set forth on Schedule 3.21, (a) no Related Party, directly or indirectly, owns or controls any assets or properties which are or have since the date of the Company Balance Sheet been used in the business of the Company or any Subsidiary and (b) no Related Party, directly or indirectly, engages in or has any significant interest in or connection with any business: (i) which is or which within the last two (2) years has been a competitor, customer or supplier of, or has done business with, the Company or any Subsidiary or (ii) which as of the date hereof sells or distributes products or provides services which are similar or related to the products or services of the Company or any Subsidiary.
Agreements and Transactions with Related Parties. Except as disclosed on Schedule 3.24, and except as disclosed in the Company Financial Statements, the Company is not a party to any contract, agreement, lease or transaction with, or any other commitment to, (a) any Shareholder, (b) any person related by blood, adoption or marriage to any Shareholder, (c) any director or officer of the Company, (d) any corporation or other entity in which any of the foregoing parties has, directly or indirectly, at least five percent (5.0%) beneficial interest in the capital stock or other type of equity interest in such corporation or other entity, or (e) any partnership in which any such party is a general partner or a limited partner having a five percent (5%) or more interest therein (any or all of the foregoing being herein referred to as a "Related Party" and, collectively, as the "Related Parties"). Without limiting the generality of the foregoing, except as set forth in Schedule 3.24, and except as disclosed in the Company Financial Statements no Related Party, directly or indirectly, owns or controls any assets or properties which are used in the business of the Company.
Agreements and Transactions with Related Parties. Except as disclosed on the SEC Documents the Company is not, a party to any contract, agreement, lease or transaction with, or any other commitment to, (a) a shareholder, (b) any person related by blood, adoption or marriage to shareholder, (c) any director or officer of the Company, (d) any corporation or other entity in which any of the foregoing parties has, directly or indirectly, at least five percent (5.0%) beneficial interest in the capital stock or other type of equity interest in such corporation or other entity, or (e) any partnership in which any such party is a general partner or a limited partner having a five percent (5%) or more interest therein (any or all of the foregoing being herein referred to as a “Related Party” and collectively as the “Related Parties”). Without limiting the generality of the foregoing, except as set forth in the SEC Documents, (a) no Related Party, directly or indirectly, owns or controls any assets or properties which are or have been used in the business of the Company, and (b) no Related Party, directly or indirectly, engages in or has any significant interest in or connection with any business: (i) which is or which within the last two (2) years has been a competitor, customer or supplier of, or has done business with, the Company, or (ii) which as of the date hereof sells or distributes products or provides services which are similar or related to the products or services of the Company.
Agreements and Transactions with Related Parties. Except as set forth in the Disclosure Memorandum, the Company is not, directly or indirectly, a party to any contract, agreement or lease with, or any other commitment to, (a) any Person owning, or formerly owning, beneficially or of record, directly or indirectly, any of the Company Shares of or other equity interest in the Company, (b) any Affiliate of such Person, (c) any director or officer of the Company, (d) any Person in which any of the foregoing Persons has, directly or indirectly, at least a three percent (3.0%) beneficial interest in the Capital Stock or other type of equity interest of such Person, or (e) any partnership in which any of the foregoing Persons is a general partner or has at least a three percent (3.0%) beneficial interest (any or all of the foregoing being referred to herein as "Related Parties"). Without limiting the generality of the foregoing, (i) no Related Party, directly or indirectly, owns or controls any assets or properties which are or have been used in the Company's business, and (ii) no Related Party, directly or indirectly, engages in or has any significant interest in or connection with any business (A) which is or which within the last three (3) years has been a competitor, customer or supplier of the Company or has done business with the Company, or (B) which as of the date hereof sells or distributes products or services which are similar or related to the Company's products or services.
Agreements and Transactions with Related Parties. Except as set forth in the Disclosure Memorandum, the Company is not directly or indirectly a party to any contract, agreement or lease with, or any other commitment to, (a) any Person owning, or formerly owning, beneficially or of record, directly or indirectly, any equity interest in the Company, (b) any Affiliate of such Person, (c) any director or officer of the Company, (d) any Person in which any of the foregoing Persons has, directly or indirectly, at least a three percent (3.0%) beneficial interest in the capital stock or other type of equity interest of such Person, or (e) any partnership in which any of the foregoing Persons is a general partner or has at least a three percent (3.0%) beneficial interest (any or all of the foregoing being referred to herein as "Related Parties"). Without limiting the generality of the foregoing, (x) no Related Party, directly or indirectly, owns or controls any assets or properties which are or have been used in the Company's business, and (y) no Related Party, directly or indirectly, engages in or has any significant interest in or connection with any business (i) which is or which within the last three years has been a competitor, customer or supplier of the Company or has done business with the Company, or (ii) which as of the date hereof sells or distributes products or services which are similar or related to the Company's products or services.
Agreements and Transactions with Related Parties. Except as disclosed on Schedule 3.19, and except as disclosed in the Financial Statements, neither the Company nor the Subsidiaries are a party to any contract, agreement, lease or transaction with, or any other commitment to, (a) any ARC Shareholder, (b) any person related by blood, adoption or marriage to any ARC Shareholder, (c) any director or officer of the Company or the Subsidiaries, (d) any corporation or other entity in which any of the foregoing parties has, directly or indirectly, at least five percent (5.0%) beneficial interest in the capital stock or other type of equity interest in such corporation or other entity, or (e) any partnership in which any such party is a general partner or a limited partner having a five percent (5%) or more interest therein (any or all of the foregoing being herein referred to as a "Related Party" and, collectively, as the "Related Parties").
Agreements and Transactions with Related Parties. Except as set forth in Schedule 4.21, none of the following Persons is a party to any Assumed Contract with Seller: (i) any Person owning, or formerly owning, beneficially or of record, directly or indirectly, a ten percent (10.0%) or more beneficial interest in capital stock of Seller, (ii) any person related by blood, adoption or marriage to any such Person, or (iii) any director or officer of Seller (any or all of the foregoing being herein referred to as "Related Parties"). Except as set forth in Schedule 4.21, the terms of conditions of each Assumed Contract between Seller and a Related Party are, in all material respects, consistent with the terms and conditions that would have been obtainable at the time in a comparable arm's-length transaction. Except as set forth on Schedule 4.21, no Related Party has received any loans from or is otherwise a debtor, or has made any loans to or is otherwise a creditor of, Seller, other than any such loans or debts that will be settled on or before Closing or that are not included in the Acquired Assets or Assumed Liabilities and other than ordinary advances to directors and officers of Seller.
Agreements and Transactions with Related Parties. Except as set forth in the Disclosure Memorandum, Summus is not directly or indirectly a party to any contract, agreement or lease with, or any other commitment to, (a) any Person owning, or formerly owning, beneficially or of record, directly or indirectly, any of the Shares of or other equity interest in Summus, (b) any Affiliate of such Person, (c) any director or officer of Summus, (d) any Person in which any of the foregoing Persons has, directly or indirectly, at least a ten percent (10.0%) beneficial interest in the capital stock or other type of equity interest of such Person, or (e) any partnership in which any of the foregoing Persons is a general partner or has at least a ten percent (10.0%) beneficial interest (any or all of the foregoing being referred to herein as "RELATED PARTIES"). Without limiting the generality of the foregoing, except as set forth in the Disclosure Memorandum, (x) no Related Party, directly or indirectly, owns or controls any assets or properties which are or have been used in Summus' business, and (y) no Related Party, directly or indirectly, engages in or has any significant interest in or connection with any business (i) which is or which within the last three years has been a competitor, customer or supplier of Summus or has done business with Summus, or (ii) which as of the date hereof sells or distributes products or services which are similar or related to Summus' products or Services.
Agreements and Transactions with Related Parties. Neither Company nor any Subsidiary is directly or indirectly a party to any contract, agreement, or lease with, or any other commitment to, (a) a Shareholder, (b) any Affiliate or Relative of a Shareholder, (c) any director or officer of Company, (d) any Person in which any of the foregoing Persons has, directly or indirectly, at least a 5% beneficial interest in the capital stock or other type of equity interest of such Person, or (e) any partnership in which any of the foregoing Persons is a general partner or has at least a 5% beneficial interest (any or all of the foregoing being referred to herein as "Related Parties"). Without limiting the generality of the foregoing, (x) no Related Party, directly or indirectly, owns or controls any assets or properties which are used in Company's business, except as set forth in the Disclosure Memorandum, and (y) except as set forth in the Disclosure Memorandum, no Related Party, directly or indirectly, engages in or has any significant interest in or in connection with any business which is or which within the last three years has been a supplier of Company or any Subsidiary or has done business with Company or any Subsidiary.
