Common use of Competitive interests Clause in Contracts

Competitive interests. 6.3.1 No Vendor, Affiliate of any Vendor, Director, former director of the Company nor any Connected Person, either individually, collectively or with any other person or persons, has any estate, right or interest, directly or indirectly, in any business other than that now carried on by the Company which is or is likely to be or become competitive with any aspect of the Business of the Company save as registered holder or other owner of any class of securities of any company if such class of securities is listed on any recognised investment exchange (as defined in the Financial Services Act 1986) and if such person (together with Connected Persons and Affiliates) holds or is otherwise interested in less than 5 % of such class of securities.

Competitive interests. 6.3.1 (a) No VendorSeller, Affiliate of any VendorSeller, Director, former director of the Company nor any Connected Person, either individually, collectively or with any other person or persons, has any estate, right or interest, directly or indirectly, in any business other than that now carried on by the Company which is or is likely to be or become competitive with any aspect of the Business of the Company save as registered holder or other owner of any class of securities of any company if such class of securities is listed on any recognised investment exchange (as defined in the Financial Services and Markets Act 19862000) and if such person (together with Connected Persons and Affiliates) holds or is otherwise interested in less than 5 % five per cent of such class of securities.

Competitive interests. 6.3.1 No Vendor3.3.1 Neither the Seller, nor any Affiliate of any Vendorthe Seller, Director, former director Director of the Company nor any Connected Person, either individually, collectively or with any other person or persons, persons has any estate, right or interest, directly or indirectly, in any business other than that now carried on by the Company which is or is likely to be or become competitive with any aspect of the Business of the Company save as registered holder or other owner of any class of securities of any company if such class of securities is listed on any recognised investment exchange (as defined in the Financial Services and Markets Act 19862000) and if such person (together with Connected Persons and Affiliates) holds or is otherwise interested in less than 5 3% of such class of securities.