Relationship with Related Persons. Except as disclosed in Part 3.26, no Related Person of Seller has, or since Seller’s inception has had, any ownership interest in any property (whether real, personal or mixed and whether tangible or intangible) used in or pertaining to the Business, other than as an owner of Seller’s equity securities. Neither Seller nor any Related Person of Seller owns, or since Seller’s inception has owned, of record or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that has (a) had business dealings or a material financial interest in any transaction with Seller other than business dealings or transactions disclosed in Part 3.26, each of which has been conducted in the Ordinary Course of Business with Seller at substantially prevailing market prices and on substantially prevailing market terms or (b) engaged in competition with Seller with respect to any line of the products or services of Seller (a “Competing Business”) in any market presently served by Seller, except for ownership of less than one percent (1%) of the outstanding capital stock of any Competing Business that is publicly traded on any recognized exchange or in the over-the-counter market. Except as set forth in Part 3.26, no Related Person of Seller is a party to any Contract with, or has any claim or right against, Seller.
Relationship with Related Persons. The Shareholders, directors, officers, and employees of Seller, and their Related Persons do not have any interest in any of the properties or assets of or used by Seller and do not own, of record or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that (i) has had business dealings or a material financial interest in any transaction with Seller, or (ii) has engaged or is engaged in competition with Seller with respect to any line of products or services of Seller in any market presently served by the Seller (a "Competing Business") (except for the ownership of less than three percent (3%) of the outstanding capital stock of any Competing Business that is publicly traded on any recognized exchange or in the over-the-counter market). Except as set forth on Schedule 6.28, no Shareholder, and no director, officer, or employee of the Seller and none of their Related Persons is a party to any contract with, or has any claim against, Seller or the Purchased Assets. All money owed by seller to its shareholders, directors or officers, or their Related Persons, (other than for salary) are for bona fide debts and are set forth in Schedule 6.28.
Relationship with Related Persons. Neither the Sellers or any of their respective Affiliates, nor any officer, director or manager of the Company or any Subsidiary has, any interest in any property (whether real, personal, or mixed and whether tangible or intangible) used in or pertaining to the Company or its Subsidiaries’ businesses. Neither the Sellers, nor any officer, director or manager of the Company or any Subsidiary, owns (of record or as a beneficial owner) an equity interest or any other financial or profit interest in, a Person that has (i) had business dealings (other than at market conditions) or a material financial interest in any transaction with the Company or a Subsidiary, (ii) engaged in competition with the Company or its Subsidiaries with respect to any line of the products or services of the Company or its Subsidiaries in any market presently served by the Company or its Subsidiaries, or (iii) owns, directly or indirectly, in whole or in part, any Intellectual Property rights or any other Intellectual Property that are necessary for the business of the Company or any Subsidiary other than at market conditions. Neither the Sellers, nor any officer, director or manager of the Company or any Subsidiary is a party to any Contract with, or has any claim or right against, the Company or a Subsidiary except for (x) the rights of employees of the Company arising in the ordinary course of their employment agreements with the Company and (y) obligations that are not past due.
Relationship with Related Persons. No officer, director or employee of Seller, nor any spouse or child of any of them or any affiliate of, or any person associated with, any of them ("Seller Related Person"), has any interest in any property or asset used in or pertaining to the business of Seller. No Seller Related Person has owned or presently owns an equity interest or any other financial or profit interest in a person that has (i) had business dealings with Seller, or (ii) engaged in competition with Seller. No Seller Related Person is a party to any contract with, or has any claim or right against, Seller.
Relationship with Related Persons. Except as set forth in SCHEDULE 3.26 hereto, and except for benefits set forth in SCHEDULE 3.10, the Shareholder, directors, officers, and employees of the Company and the Subsidiaries, and their Related Persons do not have any interest in any of the properties or assets of or used by the Company or the Subsidiaries and do not own, of record or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that (i) has had business dealings or a material financial interest in any transaction with the Company or the Subsidiaries or, (ii) has engaged or is engaged in competition with the Company or the Subsidiaries with respect to any line of products or services of the Company or the Subsidiaries in any market presently served by the Company or the Subsidiaries (a "COMPETING BUSINESS") (except for less than five percent (5%) of the outstanding capital stock of any Competing Business that is publicly traded on any recognized exchange or in the over-the-counter market). To the Knowledge of the Company or the Shareholder, and except as set forth in SCHEDULE 3.26 hereto, neither the Shareholder, nor any director or officer of the Company or any Subsidiary, and none of their Related Persons, is a party to any Contract with, or has any claim or right against, the Company or the Subsidiaries, other than the rights the officers and directors of the Company and the Subsidiaries have with respect to indemnification under state law. All money owed by the Company and the Subsidiaries to their respective shareholders, directors or officers, or their Related Persons, (other than for salary) are for bona fide debts and are set forth in SCHEDULE 3.26 hereto.
Relationship with Related Persons. Except as set forth in Section 3.28 of the Guarantors Disclosure Schedule, in particular in respect of the intellectual property rights held by Xxxxxxxxx Xxxx-Xxxxxxx Mallet in the DSI Patent, neither the Sellers or any of their respective Affiliates nor any officer, director or manager of the Company or any Company Subsidiary has, any interest in any property (whether real, personal, or mixed and whether tangible or intangible such as Company Intellectual Property) used in or pertaining to the Company or Company Subsidiaries' businesses. Except for certain of the Sellers who are now employees of Competitors or Contractors of the Company, neither the Sellers or any of their respective Affiliates nor any officer, director or manager of the Company or any Company Subsidiary, owns (of record or as a beneficial owner) an equity interest or any other financial or profit interest in, a Person that has (i) had business dealings or a material financial interest in any transaction with the Company or a Company Subsidiary, (ii) engaged in competition with the Company or Company Subsidiaries with respect to any line of the products or services of the Company or Company Subsidiaries in any market presently served by the Company or Company Subsidiaries, or (iii) owns, directly or indirectly, in whole or in part, any Intellectual Property rights or any other Intellectual Property that are necessary for the business of the Company or any Company Subsidiary. Except as described in Section 3.23 of the Guarantor's Disclosure Schedule, neither the Sellers nor any of their respective Affiliates nor any officer, director or manager of the Company or any Company Subsidiary is a party to any Contract with, or has any claim or right against, the Company or a Company Subsidiary.
Relationship with Related Persons. (i) Xxxx Xxxx has ownership in the following clients of Skylab:
Relationship with Related Persons. To Seller's Licensee's and Shareholder's Knowledge, transactions (if any) entered into by the Seller with any Related Person (as defined below) have been arm's length transactions entered into in the ordinary course of business. As used herein, the term "RELATED PERSON", when used with respect to a specified person which is an individual, means:
Relationship with Related Persons. Except as set forth in Schedule 3.26 hereto, the Shareholder, the former shareholders, directors, officers, and employees of the Company, and their Related Persons do not have any interest in any of the Assets and do not own, of record or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that (i) has had business dealings or a material financial interest in any transaction with the Company or, (ii) has engaged or is engaged in competition with the Company with respect to any line of Business of the Company in any market served or anticipated to be served by the Company (a "Competing Business") (except for less than three percent (3%) of the outstanding capital stock of any Competing Business that is publicly traded on any recognized exchange or in the over-the-counter market). To the Knowledge of the Company, the Shareholder or the Principals, and except as set forth on Schedule 3.26 hereto, the Shareholder is not, and no shareholder of the Shareholder, director or officer of the Company and none of their Related Persons is a party to any Contract with, or has any claim or right against, the Company, other than the rights the officers and directors of the Company have with respect to indemnification under state law. All money owed by the Company to its shareholders, directors or officers, or their Related Persons, (other than for salary) are for bona fide debts and are set forth in Schedule 3.26 hereto.
Relationship with Related Persons. The Shareholder, directors, officers, and employees of the Company, and their Related Persons do not have any interest in any of the properties or assets of or used by the Company and do not own, of record or as a beneficial owner, an equity interest or any other financial or profit interest in any Person that (i) has had business dealings or a material financial interest in any transaction with the Company, or (ii) has engaged or is engaged in competition with the Company with respect to any line of products or services of the Company in any market presently served by the Company (a “Competing Business”) (except for the ownership of less than three percent (3%) of the outstanding capital stock of any Competing Business that is publicly traded on any recognized exchange or in the over the counter market). Except as set forth in the Shareholder’s Schedules, neither the Shareholder, nor any director or officer of the Company and none of their Related Persons is a party to any contract with, or has any claim against, the Company. All money owed by the Company to the Shareholder, or its directors or officers, or their Related Persons, (other than for salary and bonuses) are for bona fide debts and are set forth in the Shareholder’s Schedules.
