Common use of Transactions with Interested Persons Clause in Contracts

Transactions with Interested Persons. Except as set forth in Schedule 2.22 hereto, neither Seller, nor any shareholder, officer, supervisory employee or director of Seller or, to the knowledge of Seller or the Management Shareholders, any of their respective spouses or family members owns directly or indirectly on an individual or joint basis any material interest in, or serves as an officer or director or in another similar capacity of, any competitor or supplier of Seller, or any organization which has a material contract or arrangement with Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

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Transactions with Interested Persons. Except as set forth in on Schedule 2.22 hereto, neither Seller, nor any shareholder, officer, supervisory employee or director of either Seller or, to the knowledge of Seller or the Management Shareholderseither Seller, any of their respective spouses or family members owns directly or indirectly on an individual or joint basis any material interest in, or serves as an officer or director or in another similar capacity of, any competitor or supplier of Seller, or any organization which has a material contract or arrangement with either Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

Transactions with Interested Persons. Except as set forth in on Schedule 2.22 3.16 hereto, neither Seller nor any member, manager, director, officer or supervisory employee of Seller, nor any shareholder, officer, supervisory employee or director of Seller or, to the knowledge of Seller or the Management ShareholdersSeller, any of their respective spouses or family members members, owns directly or indirectly on an individual or joint basis any material interest in, or serves as an officer or director or in another similar capacity of, (a) any competitor or supplier of Sellerthe Business, or any organization which has a material contract or arrangement with Sellerthe Business or (b) any of the Sale Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Media Group, Inc. /De/)

Transactions with Interested Persons. Except as set forth in ------------------------------------ Schedule 2.22 2.23 attached hereto, neither Seller, nor any shareholderShareholder, officer, ------------- supervisory employee or director of Seller or, to the knowledge of Seller or the Management Shareholders, any of their respective spouses or family members owns directly or indirectly on an individual or joint basis any material interest in, or serves as an officer or director or in another similar capacity of, any competitor or supplier of Seller, or any organization which has a material contract or arrangement with Seller.

Appears in 1 contract

Samples: Stock Purchase Agreement (Voyager Net Inc)

Transactions with Interested Persons. Except as set forth in shown on Schedule 2.22 hereto4.17, neither Sellerto the Sellers' knowledge, nor any shareholder, no officer, supervisory employee employee, director or director stockholder of Seller orthe Sellers or any affiliate, to the knowledge of Seller or the Management Shareholders, any of their respective spouses or family members owns children, (i) owns, directly or indirectly indirectly, on an individual or joint basis basis, any material interest in, or serves as an officer or director or in another similar capacity of, any customer, competitor or supplier of Sellerthe Business, or any organization which has a material contract or arrangement with Sellerthe Sellers pertaining to the Business, or (ii) has any contract or agreement with the Sellers pertaining to the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Inso Corp)

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Transactions with Interested Persons. Except as set forth in Schedule 2.22 hereto, neither SellerSeller nor Subsidiary, nor any shareholder, officer, supervisory employee or director of Seller or Subsidiary or, to the knowledge of Seller or the Management ShareholdersShareholder, any of their respective spouses or family members owns directly or indirectly on an individual or joint basis any material interest in, or serves as an officer or director or in another similar capacity of, any competitor or supplier of SellerSeller or Subsidiary, or any organization which has a material contract or arrangement with SellerSeller or Subsidiary.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

Transactions with Interested Persons. Except as set forth in on Schedule 2.22 2.21 attached hereto, neither Seller, Seller nor any shareholderMember or any director, officer, supervisory employee manager or director officer of Seller or, to the knowledge of Seller or the Management Shareholders, nor any of their respective spouses or family members spouses, parents, children, siblings, grandchildren and grandparents owns directly or indirectly on an individual or joint basis any material interest in, or serves as an a director, manager or officer or director or in another similar capacity of, any competitor or supplier of Seller, or any organization which has a material contract or arrangement with Seller or to Seller’s Knowledge, any organization which has current plans to become a competitor of the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Umb Financial Corp)

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