Common use of No Prohibited Payments Clause in Contracts

No Prohibited Payments. Neither Company, nor any subsidiary of Company, nor, to the knowledge of Company or Sellers, any officer, director, employee, independent contractor, or agent, acting on behalf of Company or any subsidiary of Company, has at any time (i) made any contributions to any candidate for political office in violation of law or failed to disclose fully any contributions to any candidate for political office in accordance with any applicable statute, rule, regulation, or ordinance requiring such disclosure; (ii) made any payment to any local, state, federal, or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or allowed by applicable law; (iii) made any payment outside the ordinary course of business to any purchasing or selling agent or person charged with similar duties of any entity to which Company or any subsidiary of Company sells products or renders services or from which Company or any subsidiary of Company buys products or services for the purpose of influencing such agent or person to buy products or services from or sell products or services to Company or any subsidiary of Company; or (iv) engaged in any transaction, maintained any bank account, or used any corporate funds, except for transactions, bank accounts, and funds that have been and are reflected in the normally maintained books and records of Company or any subsidiary of Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Duraswitch Industries Inc)

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No Prohibited Payments. Neither CompanyBuyer, nor any subsidiary of Company, Buyer nor, to the knowledge of Company or SellersBuyer, any officer, director, member, manager, employee, independent contractor, or agent, acting on behalf of Company Buyer or any subsidiary of CompanyBuyer, has at any time (i) made any contributions to any candidate for political office in violation of law or failed to disclose fully any contributions to any candidate for political office in accordance with any applicable statute, rule, regulation, or ordinance requiring such disclosure; , (ii) made any payment to any local, state, federal, or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or allowed by applicable law; , (iii) made any payment outside the ordinary course of business to any purchasing or selling agent or person charged with similar duties of any entity to which Company Buyer or any subsidiary of Company Buyer sells products or renders services or from which Company Buyer or any subsidiary of Company Buyer buys products or services for the purpose of influencing such agent or person to buy products or services from or sell products or services to Company Buyer or any subsidiary of Company; Buyer, or (iv) engaged in any transaction, maintained any bank account, or used any corporate funds, except for transactions, bank accounts, and funds that have been and are reflected in the normally maintained books and records of Company Buyer or any subsidiary of CompanyBuyer.

Appears in 1 contract

Samples: Non Competition Agreement (Infinity Resources Holdings Corp.)

No Prohibited Payments. Neither Company, the Company nor any subsidiary of Company, its subsidiaries nor, to the knowledge of Company or Sellersthe Seller and Zoi, any officer, director, employee, independent contractor, or agent, acting on behalf of the Company or any subsidiary of Companyits subsidiaries, has at any time (i) made any contributions to any candidate for political office in violation of law or failed to disclose fully any contributions to any candidate for political office in accordance with any applicable statute, rule, regulation, or ordinance requiring such disclosure; , (ii) made any payment to any local, state, federal, or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or allowed by applicable law; , (iii) made any payment outside the ordinary course of business to any purchasing or selling agent or person charged with similar duties of any entity to which the Company or any subsidiary of Company its subsidiaries sells products or renders services or from which the Company or any subsidiary of Company its subsidiaries buys products or services for the purpose of influencing such agent or person to buy products or services from or sell products or services to the Company or any subsidiary of Company; its subsidiaries, or (iv) engaged in any transaction, maintained any bank account, or used any corporate funds, except for transactions, bank accounts, and funds that have been and are reflected in the normally maintained books and records of the Company or any subsidiary of Companyits subsidiaries.

Appears in 1 contract

Samples: Exchange and Stock Purchase Agreement (Net Element, Inc.)

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No Prohibited Payments. Neither Company, nor any subsidiary of Company, Company nor, to the knowledge of Company or SellersSeller, any officer, director, member, manager, employee, independent contractor, or agent, acting on behalf of Company or any subsidiary of Company, has at any time (i) made any contributions to any candidate for political office in violation of law or failed to disclose fully any contributions to any candidate for political office in accordance with any applicable statute, rule, regulation, or ordinance requiring such disclosure; , (ii) made any payment to any local, state, federal, or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or allowed by applicable law; , (iii) made any payment outside the ordinary course of business to any purchasing or selling agent or person charged with similar duties of any entity to which Company or any subsidiary of Company sells products or renders services or from which Company or any subsidiary of Company buys products or services for the purpose of influencing such agent or person to buy products or services from or sell products or services to Company or any subsidiary of Company; , or (iv) engaged in any transaction, maintained any bank account, or used any corporate funds, except for transactions, bank accounts, and funds that have been and are reflected in the normally maintained books and records of Company or any subsidiary of Company.

Appears in 1 contract

Samples: Non Competition Agreement (Infinity Resources Holdings Corp.)

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