TRANSACTIONS WITH THE SELLER. 16.1. There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between any Target Company and any of the following: (a) the Seller or any member of the Seller’s Group (other than any Target Company) or any person connected with the Seller or such a member; or (b) any director of the Seller or a member of the Seller’s Group or any person connected with such a director. 16.2. Neither the Seller nor any person connected with the Seller is entitled to a claim of any nature against any Target Company, or has assigned to any person the benefit of a claim against any Target Company to which the Seller or a person connected with the Seller would otherwise be entitled.
Appears in 1 contract
Sources: Share Purchase Agreement (GAIN Capital Holdings, Inc.)
TRANSACTIONS WITH THE SELLER. 16.1. 4.1 There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between any the Target Company Group and any of the following:
(a) 4.1.1 the Seller or any member of the Seller’s Group (other than any Target Company) or any person connected with the Seller or such a member; or
(b) 4.1.2 any director of the Seller or a member director of the Seller’s Group or any person connected with such a director.
16.2. 4.2 Neither the Seller nor any person connected with the Seller is entitled to a claim of any nature against any the Target CompanyGroup, or has assigned to any person the benefit of a claim against any the Target Company Group to which the Seller or a person connected with the Seller would otherwise be entitled.
Appears in 1 contract
Sources: Share Purchase Agreement (Strategic Hotels & Resorts, Inc)