Common use of Certain Business Relationships with the Target Clause in Contracts

Certain Business Relationships with the Target. None of the Target Stockholders and their Affiliates has been involved in any business or contractual (whether written or oral) arrangement or relationship with the Target within the past 12 months involving aggregate annual payments in excess of $50,000, and none of the Target Stockholders and their Affiliates owns any asset, tangible or intangible, which is used in the business of the Target.

Appears in 2 contracts

Sources: Merger Agreement (Legacy Software Inc), Merger Agreement (View Tech Inc)

Certain Business Relationships with the Target. None of the Target Stockholders and their Affiliates has been involved in any business or contractual (whether written or oral) arrangement or relationship with the Target within the past 12 months involving aggregate annual payments in excess of $50,000months, and none of the Target Stockholders and their Affiliates owns any material asset, tangible or intangible, which is used in the business of the Target.

Appears in 1 contract

Sources: Merger Agreement (Aris Corp/)