TRANSACTIONS WITH THE SELLERS. (a) There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between any Group Company and any of the Sellers.
(b) None of the Sellers have assigned to any person the benefit of a claim against any Group Company to which any of the Sellers would otherwise be entitled.
TRANSACTIONS WITH THE SELLERS. 8.1 There is no outstanding Indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between the Company and any Seller or any of its Affiliates and the Affiliates’ respective directors, officers, employees, agents, consultants and advisers.
8.2 The Sellers have not assigned to any person the benefit of a claim against the Company to which the Sellers would otherwise be entitled.
TRANSACTIONS WITH THE SELLERS. 12.1 There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between the Company, or between any of the Subsidiaries and any of the Sellers or any person Connected with any Seller.
12.2 Neither of the Sellers, nor any person Connected with either of the Sellers, is entitled to a claim of any nature against the Company or any of the Subsidiaries or has assigned to any person the benefit of a claim against the Company or any of those Subsidiaries to which any of the Sellers or a person Connected with a Seller would otherwise be entitled.
TRANSACTIONS WITH THE SELLERS. 14.1 There is no outstanding indebtedness or other liability (actual or contingent) outside of the ordinary course of business and no outstanding contract, commitment or arrangement between the Company or any of its Subsidiaries and any of the following:
14.1.1 the Sellers (or any person Connected with any of them); or
14.1.2 a Director (or any person Connected with any of them).
TRANSACTIONS WITH THE SELLERS. 5.1. There is no outstanding liability (actual or contingent) and no outstanding contract, commitment or arrangement between any Group Company and any of the following:
5.1.1. any Seller Group Company or Connected Person of any Seller Group Company; or
5.1.2. any director of a Seller Group Company or any Connected Person of such a director.
TRANSACTIONS WITH THE SELLERS. 12.1 There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between the Company and any of the following, or between any of the Subsidiaries and any of the following:
12.1.1 the Sellers or any person Connected with any of the Sellers; or
12.1.2 any director of a member of the Company’s Group or any person Connected with such a member or director.
12.2 None the Sellers, nor any person Connected with the Sellers, is entitled to a claim of any nature against the Company or any of the Subsidiaries or has assigned to any person the benefit of a claim against the Company or any of those Subsidiaries to which the Sellers or a person Connected with the Sellers would otherwise be entitled.
TRANSACTIONS WITH THE SELLERS. 12.1 There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between the Target Companies and the Sellers.
12.2 None of the Sellers has any claim of any nature against the Target Companies or has assigned to any person the benefit of any such claim.
12.3 None of the Sellers is, at the date of this Agreement, and has not been at any time during the period of three (3) years immediately preceding the date of this Agreement, concerned, interested or engaged, directly or indirectly and in whatever capacity, in any other business similar to or competitive with all or any part of the Business as it is carried on at the date of this Agreement.
TRANSACTIONS WITH THE SELLERS. 12.1 The definition in this paragraph applies in this Agreement. Connected: a person or a party shall be deemed to be connected with any of the Sellers if that person is connected with the any of the Sellers as a person connected with an insider within the meaning of section 16 of Rules no. 987/2006 of the Icelandic Financial Supervisory Authority.
12.2 Other than the loan from the Sellers to FRIXX xxr an amount of around ISK 60-70 million as at the date of this Agreement, and the Lease Agreement, there is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between either the Company or FRIXX xxd the Sellers or any person or party Connected with the Sellers. EXECUTION VERSION
12.3 No person or party Connected with the Sellers is entitled to a claim of any nature against the Company or FRIXX, xr has assigned to any person the benefit of a claim against the Company or FRIXX xx which the Sellers or any person or party Connected with the Sellers would otherwise be entitled.
TRANSACTIONS WITH THE SELLERS. 17.1 There is no agreement or arrangement affecting the Company to which a Seller is or was a party and in which a Seller or a director or former director of the Company is or was interested, other than a bona fide contract of employment made between the Company and a Seller or a director or former director of the Company in the ordinary course of business.
17.2 Save in respect of properly accrued remuneration or business expenses, there is no amount owing by the Company to any Seller, director or former director of the Company and none of the Sellers nor any person Connected with a Seller has a claim of any nature against the Company, or has assigned to any person the benefit of such claim.
17.3 There is no amount owing to the Company from any Seller, director or former director of the Company.
TRANSACTIONS WITH THE SELLERS. 12.1 None of the Sellers, nor any person Connected with a Seller, has a claim of any nature against the Company, or has assigned to any person the benefit of any such claim.
