Vendor/Company relationship Sample Clauses

Vendor/Company relationship. Save as Disclosed, neither the Vendor, nor any Vendor Group Companies: (i) owe any indebtedness or other liability and which in aggregate exceeds $100,000 to the Company whether actually or contingently, whether solely or jointly with any other person and whether as principal or surety, and there is no such indebtedness or liability and which in aggregate exceeds $100,000 due or owing by the Company to the Vendor, or any Vendor Group Companies and there is no guarantee or Security Interest in respect of any such indebtedness or liability outstanding; (ii) are party to any agreement, arrangement or understanding, other than this Agreement and the Transaction Documents, with the Company or relating to the Company or the Interests in which the Vendor, any Vendor Group Companies is or has been interested, whether directly or indirectly, and there is no agreement, arrangement or understanding to which the Company is a party and in which the Vendor, or any Vendor Group Companies has or has had an interest, whether directly or indirectly; or (iii) is entitled to a claim of any nature against the Company, or which individually does not exceed $100,000, or has assigned to any person the benefit of a claim against the Company to which it would otherwise be entitled.
Sample 1
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Vendor/Company relationship. Neither the Vendor, Teekay Shipping Norway AS nor any Vendor Group Companies: (a) owe any indebtedness or other liability which has not been Disclosed and which in aggregate exceeds $100,000 to either of the Companies whether actually or contingently, whether solely or jointly with any other person and whether as principal or surety, and there is no such indebtedness or liability which has not been Disclosed and which in aggregate exceeds $100,000 due or owing by either of the Companies to the Vendor, Teekay Shipping Norway AS or any Vendor Group Companies and there is no guarantee or Security Interest in respect of any such indebtedness or liability outstanding; (b) are party to any agreement, arrangement or understanding, other than the Transaction Documents, with the Companies or relating to the Companies or the Interests in which the Vendor, Teekay Shipping Norway AS or any Vendor Group Company is or has been interested, whether directly or indirectly, and there is no agreement, arrangement or understanding to which either of the Companies is a party and in which the Vendor, Teekay Shipping Norway AS or any Vendor Group Company has or has had an interest, whether directly or indirectly; or (c) is entitled to a claim of any nature against the Companies, which has not been Disclosed or which individually does not exceed $100,000, or has assigned to any person the benefit of a claim against either of the Companies to which it would otherwise be entitled.
Sample 1Sample 2

Related to Vendor/Company relationship

  • INDEPENDENT RELATIONSHIP This Agreement is not intended to constitute, create, give effect to or otherwise recognize a joint venture, partnership, or formal business organization, or agency agreement of any kind, and the rights and obligations of the Parties shall be only those expressly set forth herein.

  • No Employment Relationship Whether or not any Options are to be granted under this Plan shall be exclusively within the discretion of the Plan Administrator, and nothing contained in this Plan shall be construed as giving any person any right to participate under this Plan. The grant of an Option shall in no way constitute any form of agreement or understanding binding on the Company or any Related Company, express or implied, that the Company or any Related Company will employ or contract with an Optionee, for any length of time, nor shall it interfere in any way with the Company’s or, where applicable, a Related Company’s right to terminate Optionee’s employment at any time, which right is hereby reserved.

  • No Advisory Relationship YOU ACKNOWLEDGE AND AGREE THAT THE PURCHASE AND SALE OF THE WORTHY II BONDS PURSUANT TO THIS AGREEMENT IS AN ARMS-LENGTH TRANSACTION BETWEEN YOU AND WORTHY. WORTHY IS NOT AN INVESTMENT ADVISER OR BROKER/DEALER. IN CONNECTION WITH THE PURCHASE AND SALE OF THE WORTHY II BONDS, WORTHY IS NOT ACTING AS YOUR AGENT OR FIDUCIARY. WORTHY ASSUMES NO ADVISORY OR FIDUCIARY RESPONSIBILITY IN YOUR FAVOR IN CONNECTION WITH THE PURCHASE AND SALE OF THE WORTHY II BONDS. WORTHY HAS NOT PROVIDED YOU WITH ANY LEGAL, ACCOUNTING, REGULATORY, INVESTMENT OR TAX ADVICE WITH RESPECT TO THE WORTHY II BONDS. YOU HAVE CONSULTED YOUR OWN LEGAL, ACCOUNTING, REGULATORY, INVESTMENT AND/OR TAX ADVISORS TO THE EXTENT YOU HAVE DEEMED APPROPRIATE.

  • Independent Contractor Relationship Both parties hereto, in the performance of this Contract, shall act in an individual capacity and not as agents, employees, partners, joint ventures or associates of one another. The employees or agents of one party shall not be deemed or construed to be the employees or agents of the other party for any purposes whatsoever.

  • Agency Relationship Nothing herein shall be construed as constituting the Sub-Advisor as an agent of the Trust or the Fund, except as otherwise contemplated herein.

  • Consulting Relationship During the term of this Agreement, Consultant will provide consulting services to the Company as described on Exhibit A hereto (the “Services”). Consultant represents that Consultant is duly licensed (as applicable) and has the qualifications, the experience and the ability to properly perform the Services. Consultant shall use Consultant’s best efforts to perform the Services such that the results are satisfactory to the Company.

  • No Other Relationship The Underwriters have been retained solely to act as an underwriter in connection with the sale of Offered Securities and that no fiduciary, advisory or agency relationship between the Company and the Underwriters has been created in respect of any of the transactions contemplated by this Agreement or the Prospectus, irrespective of whether any Underwriter has advised or is advising the Company on other matters;

  • Reporting Relationship Executive shall report to the Company’s chief executive officer.

  • Lending Relationship Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, the Company (i) does not have any material lending or other relationship with any bank or lending affiliate of any Underwriter and (ii) does not intend to use any of the proceeds from the sale of the Securities to repay any outstanding debt owed to any affiliate of any Underwriter.

  • At-Will Relationship I understand and acknowledge that my Relationship with the Company is and shall continue to be at-will, as defined under applicable law, meaning that either I or the Company may terminate the Relationship at any time for any reason or no reason, without further obligation or liability.

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