No Other Interest. Except for the 2,500,000 Shares of Series A Preferred Stock which shall be retained by South Centre following the Closing, neither South Centre nor any of South Centre’s respective affiliates has any interest, direct or indirect, in any Series A Shares of capital stock or other equity in the Company or has any other direct or indirect interest in any tangible or intangible property which the Company uses or has used in the business conducted by the Company, or has any direct or indirect outstanding indebtedness to or from the Company, or related, directly or indirectly, to South Centre’s assets, other than the Series A Shares.
Appears in 2 contracts
Sources: Stock Redemption and Issuance Agreement, Stock Redemption and Issuance Agreement (Carolco Pictures, Inc.)