Common use of Transactions with Affiliated Persons Clause in Contracts

Transactions with Affiliated Persons. Except (i) as Publicly Disclosed, (ii) for employment relationships between SIGA or any of the SIGA Subsidiaries and employees of SIGA or any of the SIGA Subsidiaries otherwise disclosed pursuant to this Agreement, (iii) for remuneration by SIGA or any of the SIGA Subsidiaries for services rendered as a director, officer or employee of SIGA or any of the SIGA Subsidiaries otherwise disclosed pursuant to this Agreement, or (iv) as set forth in Schedule 6.18, (A) neither SIGA nor any of the SIGA Subsidiaries has, and has not since its inception, in the ordinary course of business or otherwise, directly or indirectly, purchased, leased or otherwise acquired any property or obtained any services from, or sold, leased or otherwise disposed of any property or furnished any services to any affiliate of SIGA or any of the SIGA Subsidiaries; (B) neither SIGA nor any of the SIGA Subsidiaries owes any amount to any affiliate of SIGA or any of the SIGA Subsidiaries; (C) no affiliate of SIGA or any of the SIGA Subsidiaries owes any amount to any of SIGA or any of the SIGA Subsidiaries; and (D) no part of the property or assets of any affiliate of SIGA or any of the SIGA Subsidiaries is used by any of SIGA or any of the SIGA Subsidiaries in the conduct or operation of its businesses. No affiliate of SIGA or any of the SIGA Subsidiaries owns any business which is a significant competitor of SIGA or any of the SIGA Subsidiaries.

Appears in 1 contract

Sources: Merger Agreement (Siga Technologies Inc)

Transactions with Affiliated Persons. Except (i) as Publicly Disclosed, (ii) for employment relationships between SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries and employees of SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries otherwise disclosed pursuant to this Agreement, (iiiii) for remuneration by SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries for services rendered as a director, officer or employee of SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries otherwise disclosed pursuant to this Agreement, or (iviii) as set forth in Schedule 6.185.18, (A) neither SIGA Pharmathene nor any of the SIGA Pharmathene Subsidiaries has, and has not since its inception, in the ordinary course of business or otherwise, directly or indirectly, purchased, leased or otherwise acquired any property or obtained any services from, or sold, leased or otherwise disposed of any property or furnished any services to any affiliate of SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries; (B) neither SIGA Pharmathene nor any of the SIGA Pharmathene Subsidiaries owes any amount to any affiliate of SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries; (C) no affiliate of SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries owes any amount to any of SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries; and (D) no part of the property or assets of any affiliate of SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries is used by any of SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries in the conduct or operation of its businesses. No affiliate of SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries owns any business which is a significant competitor of SIGA Pharmathene or any of the SIGA Pharmathene Subsidiaries.

Appears in 1 contract

Sources: Merger Agreement (Siga Technologies Inc)