Common use of Previous Conduct of Business; Insider Interests Clause in Contracts

Previous Conduct of Business; Insider Interests. The Company and each Shareholder represents and warrants to Buyer as follows: All the transactions of the Company with third parties have been conducted on an arm's-length basis. No Shareholder, employee, contractor, consultant or other representative of the Company has any direct or indirect interest, and Shareholders have no direct or indirect interest, other than as a Shareholder of the Company (a) in any property, real or personal, tangible or intangible, used in or directly pertaining to the business of the Company, including, without limitation, any intellectual property, or (b) in any agreement, contract, arrangement or obligation relating to the Company, its present or prospective business or its operations. To the knowledge of the Shareholder, neither the Company nor any of its Shareholders, employees, contractors or consultants has any interest, either directly or indirectly, in any entity that presently (i) provides any services, produces and/or sells any products or product lines, or engages in any activity that is the same, similar to or competitive with any activity or business in which the Company is now engaged or proposes to engage or (ii) is a supplier, customer or creditor, or has an existing contractual relationship with any of the Company's employees (or persons performing similar functions).

Previous Conduct of Business; Insider Interests. The Company and each Shareholder represents and warrants to Buyer as follows: All the transactions of the Company since it was incorporated with third parties have been conducted on an arm's-length basis. No Shareholderofficer, director, employee, contractor, consultant or other representative of the Company has any direct or indirect interest, and the Shareholders have no direct or indirect interest, other than as a Shareholder shareholder of the Company (a) in any property, real or personal, tangible or intangible, used in or directly pertaining to the business of the Company, including, without limitation, any intellectual property, or (b) in any agreement, contract, arrangement or obligation relating to the Company, its present or prospective business or its operations. To the knowledge of the ShareholderCompany and/or the Shareholders, neither the Company nor any of its Shareholdersofficers, directors, employees, contractors or consultants has any interest, either directly or indirectly, in any entity that presently (i) provides any services, produces and/or sells any products or product lines, or engages in any activity that is the same, similar to or competitive with any activity or business in which the Company is now engaged or proposes to engage or (ii) is a supplier, customer or creditor, or has an existing contractual relationship with any of the Company's employees (or persons performing similar functions).

Previous Conduct of Business; Insider Interests. The Company and each Shareholder Each Member represents and warrants to Buyer as follows: All the transactions of the Company with third parties have been conducted on an arm's-length basis. No ShareholderMember, employee, contractor, consultant or other representative of the Company has any direct or indirect interest, and Shareholders Members have no direct or indirect interest, other than as a Shareholder Member of the Company (a) in any property, real or personal, tangible or intangible, used in or directly pertaining to the business of the Company, including, without limitation, any intellectual property, or (b) in any agreement, contract, arrangement or obligation relating to the Company, its present or prospective business or its operations. To the knowledge of the ShareholderMembers, neither the Company nor any of its ShareholdersMembers, employees, contractors or consultants has any interest, either directly or indirectly, in any entity that presently (i) provides any services, produces and/or sells any products or product lines, or engages in any activity that is the same, similar to or competitive with any activity or business in which the Company is now engaged or proposes to engage or (ii) is a supplier, customer or creditor, or has an existing contractual relationship with any of the Company's employees (or persons performing similar functions).