Arm’s Length Transactions. The Borrower will not enter into any transaction or series of transactions, whether or not in the ordinary course of business, with any officer or director other than on terms and conditions substantially as favorable to the Borrower as would be obtainable in a comparable arm’s-length transaction with a Person other than an officer or director.
Appears in 6 contracts
Samples: Credit Agreement (Wisconsin Energy Corp), Credit Agreement (Wisconsin Energy Corp), Credit Agreement (Wisconsin Energy Corp)
Arm’s Length Transactions. The Except in connection with any Special Leases, the Borrower will not enter into any transaction or series of transactions, whether or not in the ordinary course of business, with any officer officer, director or director Affiliate other than on terms and conditions substantially as favorable to the Borrower as would be obtainable in a comparable arm’s-length transaction with a Person other than an officer officer, director or directorAffiliate; provided, however, that this Section 7.3 shall not be applicable to transactions with any Affiliate if such transactions are made on a cost basis.
Appears in 2 contracts
Samples: Credit Agreement (Oglethorpe Power Corp), Credit Agreement (Oglethorpe Power Corp)
Arm’s Length Transactions. The Borrower will not enter into any transaction or series of transactions, whether or not in the ordinary course of business, with any officer or director other than on terms and conditions substantially as favorable to the Borrower as than would be obtainable in a comparable arm’s-length transaction with a Person other than an officer or director.
Appears in 2 contracts
Samples: Three Year Credit Agreement (Wisconsin Energy Corp), Credit Agreement (Wisconsin Energy Corp)
Arm’s Length Transactions. The Except in connection with any Special Leases, the Borrower will not enter into any transaction or series of transactions, whether or not in the ordinary course of business, with any officer officer, director or director Affiliate other than on terms and conditions substantially as favorable to the Borrower as would be obtainable in a comparable arm’s-length transaction with a Person other than an officer officer, director or director.Affiliate; provided, however, that this Section 7.3 shall not be applicable to transactions with any Affiliate if such transactions are made on a cost basis. 7.4
Appears in 2 contracts
Samples: Credit Agreement (Oglethorpe Power Corp), Credit Agreement (Oglethorpe Power Corp)
Arm’s Length Transactions. The Except in connection with any Special Leases, the Borrower will not enter into any transaction or series of transactions, whether or not in the ordinary course of business, with any officer officer, director or director Affiliate other than on terms and conditions substantially as favorable to the Borrower as would be obtainable in a comparable arm’s-length transaction with a Person other than an officer officer, director or directorAffiliate; provided, however, that this Section 7.3 shall not be applicable to transactions with any Affiliate if such transactions are at cost.
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