TRANSACTIONS WITH THE SELLERS Sample Clauses
The "Transactions with the Sellers" clause defines the rules and procedures governing any dealings or agreements between the buyer and the sellers within the context of the contract. This may include stipulations on how payments are to be made, the handling of any side agreements, or the disclosure of related-party transactions. By clearly outlining these expectations, the clause helps prevent conflicts of interest and ensures transparency in all interactions between the parties involved.
TRANSACTIONS WITH THE SELLERS. (a) There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between any Group Company and any of the Sellers.
(b) None of the Sellers have assigned to any person the benefit of a claim against any Group Company to which any of the Sellers would otherwise be entitled.
TRANSACTIONS WITH THE SELLERS. 8.1 There is no outstanding Indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between the Company and any Seller or any of its Affiliates and the Affiliates’ respective directors, officers, employees, agents, consultants and advisers.
8.2 The Sellers have not assigned to any person the benefit of a claim against the Company to which the Sellers would otherwise be entitled.
TRANSACTIONS WITH THE SELLERS. 11.1 There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between the Company and any of the following:
11.1.1 a Seller, or any person connected with a Seller; or
11.1.2 a Director, or any person connected with a Director.
11.2 None of the Sellers, nor any person connected with a Seller, has a claim of any nature against the Company, or has assigned to any person the benefit of any such claim.
TRANSACTIONS WITH THE SELLERS. 12.1 There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between the Company and any of the following:
12.1.1 any of the Sellers or any person Connected with any of the Sellers; or
12.1.2 any director of a member of a Group of the Company or any person Connected with such a member or director.
12.2 None of the Sellers, nor any person Connected with any of the Sellers is entitled to a claim of any nature against the Company, or has assigned to any person the benefit of a claim against the Company to which the Sellers or a person Connected with the Sellers would otherwise be entitled.
TRANSACTIONS WITH THE SELLERS. 12.1 There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between the Target Companies and the Sellers.
12.2 None of the Sellers has any claim of any nature against the Target Companies or has assigned to any person the benefit of any such claim.
12.3 None of the Sellers is, at the date of this Agreement, and has not been at any time during the period of three (3) years immediately preceding the date of this Agreement, concerned, interested or engaged, directly or indirectly and in whatever capacity, in any other business similar to or competitive with all or any part of the Business as it is carried on at the date of this Agreement.
TRANSACTIONS WITH THE SELLERS. 15.1 There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between a Group Company and any of the following:
15.1.1 the Sellers or any member of the Seller Group or any person Connected with the Seller or such member; or
15.1.2 any director of a member of the Seller Group or any person Connected with such a director.
15.2 Neither the Sellers nor any member of the Seller Group, has assigned to any person the benefit of a claim against the Company or any of those Subsidiaries to which the Seller or a member of the Seller Group would otherwise be entitled.
TRANSACTIONS WITH THE SELLERS. 7.1 There is no outstanding Indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between the Target or the Target Subsidiaries and any of the Sellers or any person connected with any of the Sellers.
7.2 None of the Sellers, nor any person connected with any of the Sellers, is entitled to a claim of any nature against the Target or the Target Subsidiaries or has assigned to any person the benefit of a claim against the Target or the Target Subsidiaries to which any of the Sellers or a person connected with any of the Sellers would otherwise be entitled.
TRANSACTIONS WITH THE SELLERS. 9.13.1. There is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between a Group Company and any member of the Sellers’ Group or any of its legal representatives.
9.13.2. To the Representing Seller’s Knowledge, none of the Sellers nor any member of the Sellers’ Group has assigned to any person the benefit of a claim against any of the Group Company to which a Seller or a member of the Sellers’ Group would otherwise be entitled.
9.13.3. None of the Sellers nor any member of the Sellers’ Group holds, directly or indirectly, any property, assets or rights whatsoever that any Group Company needs to own, use, exercise or benefit from to carry out all or part of its activities as presently conducted.
TRANSACTIONS WITH THE SELLERS. 13.1 Save for any payments of salary, pension, bonus and car allowance in the normal course, and of sums referred to at part 3 of Schedule 1 there is no outstanding indebtedness or other liability (actual or contingent) and no outstanding contract, commitment or arrangement between the Company or any of the Subsidiaries and a Seller, or any person Connected with a Seller or a Director, or any person Connected with a Director.
13.2 None of the Sellers, nor any person Connected with a Seller, has or has notified the Company or any of the Subsidiaries that it intends to make a claim against the Company or any of the Subsidiaries and so far as the Warrantors are aware has not assigned to any person the benefit of any such claim.
TRANSACTIONS WITH THE SELLERS. 12.1 None of the Sellers, nor any person Connected with a Seller, has a claim of any nature against the Company, or has assigned to any person the benefit of any such claim.