Non-Arm’s Length Transaction Clause Samples
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Non-Arm’s Length Transaction. The Purchaser has not made any payment or loan to, or borrowed any monies from or is otherwise indebted to, any officer, director, employee, shareholder or any other Person not dealing at arm’s length with the Purchaser, except as disclosed in the Purchaser Public Disclosure Record. The Purchaser is not a party to any Contract with any officer, director, employee, shareholder or any other Person not dealing at arm’s length with the Purchaser, except for any employment agreements with the employees of the Purchaser or as described in the Purchaser Public Disclosure Record.
Non-Arm’s Length Transaction. Except in respect of transactions between or among the Borrower and/or one or more of its Wholly-Owned Subsidiaries, the Borrower shall not, nor shall it permit any Subsidiary to, enter into any contract, agreement or transaction whatsoever, including for the sale, purchase, lease or other dealing in any property or the provision of any services (other than office and administration services provided in the ordinary course of business), with any Related Party except upon fair and reasonable terms, which terms are not less favourable to the Borrower or a Subsidiary than it would obtain in an arm’s length transaction and, if applicable, for consideration which equals the fair market value of such property or other than at a fair market rental as regards leased property; provided that, with respect to an agreement relating to the executive compensation of an officer of the Borrower, such agreement shall be deemed to be on such fair, reasonable and arm’s length terms if such agreement was approved by the Independent Directors at the time such agreement was entered into.
Non-Arm’s Length Transaction. No Company Group Entity has made any payment or loan to, or borrowed any monies from or is otherwise indebted to, any officer, director, employee, shareholder or any other Person not dealing at arm’s length with such Company Group Entity, except as disclosed in the Company Disclosure Letter. No Company Group Entity is a party to any Contract with any officer, director, employee, shareholder or any other Person not dealing at arm’s length with such Company Group Entity, except for any employment agreements with the employees of such Company Group Entity or as described in the Company Disclosure Letter.
Non-Arm’s Length Transaction. Except in respect of transactions between or among the Borrower and/or one or more of its Wholly-Owned Subsidiaries, the Borrower shall not, nor shall it permit any Subsidiary to, enter into any contract, agreement or transaction whatsoever, including for the sale, purchase, lease or other dealing in any property or the provision of any services (other than office and administration services provided in the ordinary course of business), with any Related Party except upon fair and reasonable terms, which terms are not less favourable to the Borrower or a Subsidiary than it would obtain in an arm’s length transaction and, if applicable, for consideration which equals the fair market value of such property or other than at a fair market rental as regards leased property.
Non-Arm’s Length Transaction. The Company has not made any payment or loan to, or borrowed any monies from or is otherwise indebted to, any officer, director, employee, shareholder or any other Person not dealing at arm’s length with the Company. The Company is not a party to any Contract with any officer, director, employee, shareholder or any other Person not dealing at arm’s length with the Company, except for any employment agreements with the employees of the Company.
Non-Arm’s Length Transaction. If the Operator, any Associated Company of the Operator, or any person with whom the Operator is not dealing at arm's length is a purchaser of Mineral Products from the Operator, and if the value of the Mineral Products is used to determine any matter arising under this paragraph, the Operator shall be required to receive competitive prices for all Mineral Products so sold.
Non-Arm’s Length Transaction. There does not exist any agreement, understanding or commitment giving rise to any material obligations, financial or otherwise, on the part of Cornerstone to Atlas or any of its affiliates (or any associates or insiders of any of the foregoing), other than the Cornerstone Debt.
Non-Arm’s Length Transaction. If any Participant, any Associated Company of a Participant, or any person with whom a Participant is not dealing at arm's length is a purchaser of Mineral Products from the Management Committee, and if the value of the Mineral Products is used to determine any matter arising under this subsection, the Management Committee shall be required to receive competitive prices for all Mineral Products so sold.
Non-Arm’s Length Transaction. Except in respect of transactions between or among TEC and/or one or more of its Wholly-Owned Subsidiaries, TEC shall not, nor shall it permit any Subsidiary to, enter into any contract, agreement or transaction whatsoever, including for the sale, purchase, lease or other dealing in any property or the provision of any services (other than office and administration services provided in the ordinary course of business), with any Related Party except upon fair and reasonable terms, which terms are not less favorable to TEC or a Subsidiary than it would obtain in an arm’s length transaction and, if applicable, for consideration which equals the fair market value of such property or other than at a fair market rental as regards leased property. For certainty, notwithstanding anything in this Agreement to the contrary, the foregoing covenant contained in this Section 5.02(k) shall not restrict the Borrower or any of the Borrower’s subsidiaries other than TEC and the Subsidiaries of TEC in any manner.
Non-Arm’s Length Transaction. Effect any transaction with any Person (other than an Obligor) not dealing at Arm’s Length with the transacting Obligor except a transaction conducted in the ordinary course of business and on terms and conditions not less favourable than could be obtained on an Arm’s Length basis and the Royalty Agreement and the Share Purchase Documents.