Common use of Certain Business Relationships With the Seller Clause in Contracts

Certain Business Relationships With the Seller. The Shareholder and its Affiliates have not been involved in any business arrangement or relationship with the Seller within the past 12 months (other than with respect to the Capital Note), and none of the Stockholder and its Affiliates owns any asset, tangible or intangible, which is used in the business of the Seller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Southern Security Bank Corp), Asset Purchase Agreement (Panamerican Bancorp)

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Certain Business Relationships With the Seller. The Shareholder and its Affiliates have not Neither the Seller’s Affiliates, nor any of such Affiliates’ directors, officers or employees has been involved in any business arrangement or relationship with the Seller within the past 12 months (other than with respect that relates in any way to the Capital NoteAcquired Assets (except in such capacity), and none neither the Seller’s controlled Affiliates, nor any of the Stockholder and its Affiliates such controlled Affiliates’ directors, officers or employees owns any asset, tangible or intangible, which that is used in connection with or in any way related to the business of the SellerAcquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cytodyn Inc)

Certain Business Relationships With the Seller. The Shareholder None of the ----------------------------------------------- Stockholders and its their Affiliates have not has been involved in any business arrangement or relationship with the Seller within the past 12 months (other than with respect to the Capital Note)months, and none of the Stockholder Stockholders and its their Affiliates owns any asset, tangible or intangible, which is used in the business of the Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Benthos Inc)

Certain Business Relationships With the Seller. The Shareholder None of the Principal Shareholders and its their Affiliates have not has been involved in any business arrangement or relationship with the Seller within the past 12 months (other than with respect to the Capital Note)months, and none of the Stockholder Principal Shareholders and its their Affiliates owns any asset, tangible or intangible, which is used in the business of the Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gentner Communications Corp)

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Certain Business Relationships With the Seller. The Shareholder None of the Seller Stockholders and its their Affiliates have not has been involved in any business arrangement or relationship with the Seller within the past 12 months (other than with respect to the Capital Note)months, and none of the Stockholder Seller Stockholders and its their Affiliates owns any asset, tangible or intangible, which is used in the business of the Seller, except as otherwise disclosed to Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Denovo Corp /Cn/)

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