Common use of Interest in Competitors Clause in Contracts

Interest in Competitors. Neither the Company, nor any or its subsidiaries, nor any of their respective officers nor, to the best of the Company's knowledge, directors, has any interest, either by way of contract or by way of investment (other than as holder of not more than 2% of the outstanding capital stock of a publicly traded Person) or otherwise, directly or indirectly, in any Person other than the Company and its subsidiaries that (i) provides any services or designs, produces or sells any product or product lines or engages in any activity similar to or competitive with any activity currently conducted by the Company or any of its subsidiaries or (ii) has any direct or indirect interest in any asset or property, real or personal, tangible or intangible, of the Company.

Appears in 5 contracts

Samples: Purchase Agreement (Sassower Philip S), Common Shares Purchase Agreement (Visible Genetics Inc), Common Shares Purchase Agreement (Warburg Pincus Equity Partners Lp)

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Interest in Competitors. Neither the Company, nor any or its subsidiariesSubsidiaries, nor any of their respective officers nor, to the best of the Company's knowledge, any of their respective officers or directors, has any interest, either by way of contract or by way of investment (other than as holder of not more than 2% of the outstanding capital stock of a publicly traded Person) or otherwise, directly or indirectly, in any Person other than the Company and its subsidiaries Subsidiaries that (i) provides any services or designs, produces or sells any product or product lines or engages in any activity similar to or competitive with any activity currently proposed to be conducted by the Company or any of its subsidiaries Subsidiaries or (ii) has any direct or indirect interest in any asset or property, real or personal, tangible or intangible, of the Company.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Liberty Media Corp /De/), Merger Agreement (Liberty Media Corp /De/), Merger Agreement (Video Services Corp)

Interest in Competitors. Neither the Company, Company nor any or of its subsidiariesSubsidiaries, nor any of their respective officers nor, or (to the best of the Company's their knowledge, ) directors, has any interest, either by way of contract or by way of investment (other than as holder of not more than 2% of the outstanding capital stock Equity Interests of a publicly traded Person) or otherwise, directly or indirectly, in any Person other than the Company and its subsidiaries Subsidiaries that (i) provides any services or designs, produces or sells any product or product lines or engages in any activity similar to or competitive with any activity currently proposed to be conducted by the Company or any of its subsidiaries Subsidiaries or (ii) has any direct or indirect interest in any asset or property, real or personal, tangible or intangible, of the CompanyCompany or any of its Subsidiaries.

Appears in 2 contracts

Samples: Preferred Stock and Warrant Purchase Agreement (GenuTec Business Solutions, Inc.), Note Purchase Agreement (GenuTec Business Solutions, Inc.)

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Interest in Competitors. Neither the Company, nor any or its subsidiaries, nor any of their respective officers nor, to the best of the Company's knowledge, any of their respective officers or directors, has any interest, either by way of contract or by way of investment (other than as holder of not more than 2% of the outstanding capital stock of a publicly traded Person) or otherwise, directly or indirectly, in any Person other than the Company and its subsidiaries that (i) provides any services or designs, produces or sells any product or product lines or engages in any activity similar to or competitive with any activity currently proposed to be conducted by the Company or any of its subsidiaries or (ii) has any direct or indirect interest in any asset or property, real or personal, tangible or intangible, of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Four Media Co)

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