Common use of Conflicting Interest Clause in Contracts

Conflicting Interest. Except as set forth in Section 4.1(u) of the CWI Disclosure Letter, no director or officer of CWI (i) has any pecuniary interest in any supplier or customer of CWI or in any other business with which CWI conducts business or with which CWI is in competition other than holdings of the publicly-traded securities of such entities; or (ii) is indebted to CWI for borrowed money.

Appears in 2 contracts

Sources: Merger Agreement (Intellicell Corp), Agreement and Plan of Merger (Intellicell Corp)