No Target Group Clause Samples
The "No Target Group" clause serves to clarify that the agreement or its products and services are not intended for a specific group of individuals, often those who are legally restricted or otherwise not permitted to access them. In practice, this clause may specify that certain age groups, residents of particular jurisdictions, or other defined populations are excluded from the intended audience or user base. Its core function is to ensure compliance with applicable laws and regulations, and to limit liability by making clear that the offering is not directed at or available to those outside the permitted group.
No Target Group. Company owns or has any interest of any nature whatsoever in any shares, debentures or other securities issued by any undertaking other than, in respect of the Target Holding Company, its equity interests in the Target Company.
No Target Group. Company is a party to any shareholders’ agreement or similar arrangement that purports to regulate, control or otherwise affect the voting or disposition of its shares.
No Target Group. Company owns or has agreed to acquire, any asset, nor has any Target Group Company received or agreed to receive any services or facilities (including without limitation the benefit of any loan or advance or any licences or agreements), from any employee, director, officer or consultant of or to any Target Group Company or any of their connected persons which is not contracted to be provided or acquired in any agreement disclosed in the Disclosure Letter or the consideration for the acquisition or provision of which was or will be in excess of its market value, or otherwise than on an arm's length basis.
No Target Group. Company has been a party to a “relevant transfer” (as defined in the Transfer of Undertakings (Protection of Employment) Regulations 2006) at any time during the period of three years immediately preceding the date of this Agreement and no Employees have had their Employee Agreements varied for any reason as a result of or connected to such a relevant transfer.
No Target Group. Company operates, intends to operate or has operated any redundancy or redeployment scheme or arrangement, whether formal or informal, contractual or non-contractual, which provides for payments greater than those required by statute or for notice periods greater than those set out in contracts of employment.
No Target Group. Company is subject to Tax in any jurisdiction other than its country of incorporation or formation by virtue of having a permanent establishment, place of business or source of income in that country.
No Target Group. Company is liable for any transaction bonuses, stay bonuses or any other compensation payable to any Person in connection with this Agreement and the transactions contemplated herein other than the Transaction Bonus Payments as set forth in Schedule 6.
No Target Group. Company has accrued a reserve for re-investments or has otherwise transferred capital gains by way of a roll-over Relief under the current § 6b of the Income Tax Act (EStG) within 8 years prior to the Closing Date.
No Target Group. Company is in breach of any material obligation under any Vendor Contract or Key Customer Contract and, so far as the Sellers are aware, no other party is in breach of a material obligation under any such contract.
No Target Group. Company nor any of its affiliates or subsidiaries is in receipt of any payment, guarantee, financial assistance or other aid from either the government, any state body or through state resources which was not, but should have been, notified to the European Commission under Article 108 of the Treaty on the Functioning of the European Union for a decision declaring such aid to be compatible with the common market.