Common use of No Interest in Competitors, Etc Clause in Contracts

No Interest in Competitors, Etc. Set forth on Schedule 6.21 is a list describing the extent to which Seller, the General Partner or any Seller Affiliate, directly or indirectly, owns more than a five percent (5%) interest in or controls, or is an employee, officer, director or partner of or participant in (but only to the extent such participation exceeds 5%) or consultant to, any privately-held or -owned corporation, partnership, limited partnership, joint venture, association or other entity which is a competitor, supplier or customer of Seller or any Seller Affiliate, or has any type of business or professional relationship with Seller or such Seller Affiliate (except that the 5% ownership interest referred to in this SECTION 6.21 shall not exceed one percent (1%) to the extent any such corporation, partnership, limited partnership, joint venture, association or other entity is publicly-held).

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Sports Club Co Inc), Agreement of Purchase and Sale (Sports Club Co Inc)

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No Interest in Competitors, Etc. Set forth on Schedule 6.21 is a list describing the extent to which Seller, the General Partner Partners or any Seller Affiliate, directly or indirectly, owns more than a five percent (5%) interest in or controls, or is an employee, officer, director or partner of or participant in (but only to the extent such participation exceeds 5%) or consultant to, any privately-held or -owned corporation, partnership, limited partnership, joint venture, association or other entity which is a competitor, supplier or customer of Seller or any Seller Affiliate, or has any type of business or professional relationship with Seller or such Seller Affiliate (except that the 5% ownership interest referred to in this SECTION 6.21 shall not exceed one percent (1%) to the extent any such corporation, partnership, limited partnership, joint venture, association or other entity is publicly-held).

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Sports Club Co Inc)

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No Interest in Competitors, Etc. Set forth on Schedule 6.21 is a list describing the extent to which Seller, the General Partner or any Seller Affiliate, directly or indirectly, owns more than a five percent (5%) interest in or controls, or is an employee, officer, director or partner of or participant in (but only to the extent such participation exceeds 5%) or consultant to, any privately-held or -owned corporation, partnership, limited partnership, joint venture, association or other entity which is a competitor, supplier or customer of Seller or any Seller Affiliate, or has any type of business or professional relationship with Seller or such Seller Affiliate (except that the 5% ownership interest referred to in this SECTION 6.21 shall not exceed one percent (1%) to the extent any such corporation, partnership, limited partnership, joint venture, association or other entity is publicly-held).is

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Sports Club Co Inc)

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