Common use of Obligations to Related Parties Clause in Contracts

Obligations to Related Parties. There are no obligations of the ------------------------------ Company to officers, directors, shareholders or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as set forth in the Schedule of Exceptions none of the officers, directors or shareholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company (other than such contracts as relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the ------------------------------ Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as set forth in the Schedule of Exceptions none None of the officers, directors or shareholders stockholders of the Company, or any members of their immediate families, are indebted to the Company or or, to the Company's knowledge, have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders stockholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholderstockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company (other than such contracts as relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the ------------------------------ Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for payment of salary compensation for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as set forth Company and described in the Schedule of Exceptions none SEC Filings ) other than as disclosed in the SEC Filings. None of the officers, directors or shareholders stockholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders stockholders of the Company may own up to 5% of the capital stock in of publicly traded companies which may compete with the Company. No officer, director or shareholderstockholder, or any member of their immediate families, is, directly or indirectlyor, to the knowledge of the Company, indirectly interested in any material contract with the Company (other than such contracts as relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any material indebtedness of any other person, firm or corporation, other than its subsidiaries listed in the Schedule of Exceptions.

Obligations to Related Parties. There are no obligations of the ------------------------------ Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as set forth in the Schedule of Exceptions none None of the officers, directors or shareholders or, to the best of the Company's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock other than passive investments in publicly traded companies (representing less than 1% of such company) which may compete with the Company. No officer, director or shareholderstockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company (other than such contracts as relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the ------------------------------ Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as set forth in the Schedule of Exceptions none None of the officers, directors or shareholders or, to the best of the Company’s knowledge, key employees or stockholders of the Company or any members of their immediate families, are is indebted to the Company or have has any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock other than passive investments in publicly traded companies (representing less than 1% of such company) which may compete with the Company. No officer, director or shareholderstockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company (other than such contracts as relate to any such person's ’s ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no All obligations of the ------------------------------ Company to officers, directors, shareholders shareholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as ) are set forth in the Schedule of Exceptions none Exhibit E. None of the officers, directors or shareholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock in publicly traded companies which may compete with the Company. No officer, director or shareholder, or any member of their immediate families, isis a party to or, directly or indirectly, interested in any material contract with the Company (other than such contracts as relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the ------------------------------ Company to officers, directors, shareholders shareholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as set forth in the Schedule of Exceptions none None of the officers, directors or, to the best of the Company's knowledge, key employees or shareholders of the Company, Company or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders of the Company may own stock other than passive investments in publicly traded companies (representing less than 1% of such company) which may compete with the Company. No officer, director or shareholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company (other than such contracts as relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the ------------------------------ Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as set forth in No officer, director or, to the Schedule of Exceptions none of the officers, directors or shareholders best of the Company’s knowledge, key employees, stockholders, or any members member of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders stockholders of the Company may own stock in publicly traded companies which may compete with the Company. No such officer, director or shareholderstockholder, or any member of their immediate families, families is, directly or indirectly, interested in any material contract with the Company (other than such contracts as relate to any such person's ’s ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial Statements, the The Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the ------------------------------ Company to officers, directors, shareholders stockholders, or employees of the Company other than (a) for a)for payment of salary compensation for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Except as set forth in the Schedule of Exceptions none None of the officers, directors or shareholders stockholders of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that officers, directors and/or shareholders stockholders of the Company may own up to 5% of the capital stock in of publicly traded companies which may compete with the Company. No officer, director or shareholderstockholder, or any member of their immediate families, is, directly or indirectly, to the knowledge of the Company, interested in any material contract with the Company (other than such contracts as relate to any such person's ownership of capital stock or other securities of the Company). Except as may be disclosed in the Financial StatementsStatements or Schedule 5.8, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation, other than its subsidiaries.

Obligations to Related Parties. There Except as set forth in Schedule 5(v), (i) there are no obligations of the ------------------------------ Company to officers, directors, shareholders managers, members, stockholders, or employees of the Company other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company Company, and (c) for other standard employee benefits made generally available to all employees (including stock option or similar agreements outstanding under any stock option equity incentive plan approved by the Board of Directors of the Company). Except as set forth in the Schedule of Exceptions , (ii) none of the officersmanagers, directors members or shareholders officers of the Company, or any members of their immediate families, are indebted to the Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, except that managers, members, officers, directors and/or shareholders stockholders of the Company may own stock in publicly traded companies which may compete with the Company. No , and (iii) no manager, member or officer, director or shareholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract Contract with the Company (other than employment agreements and such contracts as relate to any such person's ’s ownership of capital stock or other securities of membership interests in the Company). Except as may be disclosed in the Financial Statements, the The Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.