Interested Party Transaction. The Founder Xxxxx Xxxxx undertakes, and each Warrantor covenants to procure, that Suzhou Lebei will not engage in any business in competition with the Principal Business of the Group Companies upon and after the Closing.
Interested Party Transaction. The Founder Xxxxx Xxxxx undertakes to procure that Suzhou Lebei Network Technology Co., Ltd will not engage in any business in competition with the Principal Business of the Group Companies upon and after the Closing.
Interested Party Transaction. Manager shall not (i) consummate any transaction which would involve the acquisition by the Company of property in which Manager or any of its affiliates has an ownership interest or the sale by the Company of property to Manager or any of its affiliates, or (ii) under circumstances where Manager is subject to an actual or potential conflict of interest because it manages both the Company and another Person (not an affiliate of the Company) with which the Company has a contractual relationship, take any action constituting the granting to such other Person of a waiver, forebearance or other relief, or the enforcement against such other Person of remedies, under or with respect to the applicable contract, unless such transaction or action, as the case may be and in each case, is approved by a majority of the Independent Directors.
Interested Party Transaction. Since multi-crystal materials are now in severely scarcity in the international market, the WFOE strive for raw materials by sorts of trading. But WFOE is manufacturing foreign enterprises, there are some limits for WFOE to stocking aboard. Sun Era Industry Co. Ltd deal with trading aboard directly for WFOE, To ensure the effective operation of a multiple of trade mode in foreign countries, enhance the protective measures in purchasing material by the company, simplify the steps and legal risks of foreign trade, including the choosing of trade mode, determine of price, etc, such as exchange of materials purchased from overseas, operate directly through the overseas trading company. The accounting of Sun Era Industry Co. Ltd is in the charge of financial department of WFOE, and all of its cash is in the management of WFOE. But the WFOE will delete this interested transaction by a newly incorporated company which will replace Sun Era Industry Co. Ltd.
Interested Party Transaction. Except as set forth in or contemplated by the Transaction Documents, none of the Key Employees, the shareholders, officers or directors of a Group Company, or officer or director of any Group Company’s shareholder, or any Affiliate of any foregoing party, has any contract, understanding or proposed transaction with, or is indebted to, any Group Company, nor is any Group Company indebted, or committed to make loans or extend or guarantee credit, to any of such Persons, other than for accrued salaries, reimbursable expenses or other standard employee benefits.
Interested Party Transaction. The Founder Xxxxx Xxxxx undertakes, and each Warrantor covenants to procure, that (1) Suzhou Lebei Network Technology Co., Ltd. (“Suzhou Lebei”) will not engage in any business in competition with the Principal Business of the Group Companies upon and after the Closing; (2) as soon as practicable after the Closing, Suzhou Lebei shall enter into written agreements with the relevant Group Company, in form and substance to the satisfaction of the Series C Purchasers, under which Suzhou Lebei shall transfer all the business and assets related to the business of “拼好货” and “拼好货商城” to such Group Company and Suzhou Lebei shall grant such Group Company with an exclusive right to operate and manage the business of “拼好货” and “拼好货商城”; and (3) as soon as practicable after the Closing, Suzhou Lebei shall transfer the wechat accounts of ““拼好货” and “拼好货商城” registered under the name of Suzhou Lebei to wechat accounts registered under the name of the Domestic Company and/or Shanghai Xunmeng.
Interested Party Transaction. Except as described in the Acquiror SEC Reports or in connection with any loan from the Sponsor or an Affiliate thereof or certain of Acquiror’s officers and directors to finance Acquiror’s transaction costs in connection with the Transactions or other expenses unrelated to the Transactions, or otherwise set forth on Section 5.17 of the Acquiror Disclosure Schedule, there are no transactions, contracts, side letters, arrangements or understandings between Acquiror or Merger Sub, on the one hand, and any director, officer, employee, shareholder, warrant holder or Affiliate of Acquiror or Merger Sub, on the other hand (each, a “Acquiror Interested Party Transaction”).
Interested Party Transaction. No officer, director or stockholder of the Company has or has had, either directly or indirectly, (a) an interest in any person which (i) furnishes or sells services or products which are furnished or sold or are proposed to be furnished or sold by the Company, or (ii) purchases from or sells or furnishes to the Company any goods or services, or (b) a beneficial interest in any contract or agreement (other than employment or similar agreements) to which the Company is a party or by which it may be bound or affected.
Interested Party Transaction. Except as disclosed in the CIT Reports filed prior to the date of this Agreement, no executive officer of CIT has, either directly or indirectly, a material interest in (1) any Person which purchases from or sells, licenses or furnishes to CIT or any of the CIT Subsidiaries any material goods, property, technology or intellectual or other material property rights or services or (2) any material contract or agreement to which CIT or any of the CIT Subsidiaries is a party or by which it may be bound or affected.
Interested Party Transaction. Except as set forth in this Agreement, the BCA, the Control Documents or the agreements in connection with the issuance of the Series A Preference shares, the Series B Preference Shares and the Subject Shares, none of the officers or directors Bitauto, or any Affiliate thereof, has any contract, understanding proposed transaction with, or is indebted to, the Transferred Entities, nor are any Transferred Entities indebted (or committed to make loans or extend or guarantee credit) of any such persons or entities (other than for accrued salaries, reimbursable expenses or other standard employee benefits).
