Non-Arm’s Length Transactions Sample Clauses

Non-Arm’s Length Transactions. Except as disclosed in the Information, neither the Corporation nor any Subsidiary owes any amount to, nor has the Corporation or any Subsidiary any present loans to, or borrowed any amount from or is otherwise indebted to, any officer, director, employee or security holder of any of them or any Person not dealing at “arm’s length” (as such term is defined in the Income Tax Act (Canada)) with any of them except for usual employee reimbursements and compensation paid in the ordinary and normal course of the business of the Corporation or Subsidiary. Except usual employee or consulting arrangements made in the ordinary and normal course of business and normal commercial terms, neither the Corporation nor any Subsidiary is a party to any contract, agreement or understanding with any officer, director, employee or security holder of any of them or any other Person not dealing at arm’s length with the Corporation and the Subsidiaries. No officer, director or employee of the Corporation or any Subsidiary and no Person which is an affiliate or associate of any of the foregoing Persons, owns, directly or indirectly, any interest (except for shares representing less than 5% of the outstanding shares of any class or series of any publicly traded company) in, or is an officer, director, employee or consultant of, any Person which is, or is engaged in, a business competitive with the business of the Corporation or any Subsidiary which could materially adversely impact on the ability to properly perform the services to be performed by such Person for the Corporation or any Subsidiary.
Non-Arm’s Length Transactions. Except for employment, consulting or employment compensation agreements entered into in the ordinary course of business, there are no current contracts, commitments, agreements, arrangements or other transactions (including relating to indebtedness by Kennady) between Kennady on the one hand, and any (a) officer or director of Kennady, (b) any holder of record or, to the knowledge of Kennady, beneficial owner of five percent or more of the voting securities of Kennady, or (c) any affiliate or associate of any officer, director or beneficial owner, on the other hand.
Non-Arm’s Length Transactions. Except as set out in Schedule 3.1(aa) attached hereto, neither Langford nor any of the Subsidiaries has, since December 31, 2007, made any payment or loan to, or borrowed any moneys from or is otherwise indebted to, any officer, director, employee, shareholder or any other person not dealing at arm’s length with either Langford or any of the Subsidiaries (within the meaning of the Code), except for usual employee reimbursements and compensation paid in the ordinary and normal course of business consistent with past practice. Except for Contracts of employment and employee plans, neither Langford nor any of the Subsidiaries is a party to any Contract with any officer, director, employee, shareholder or any other person not dealing at arm’s length with Langford or any of the Subsidiaries (within the meaning of the Code). No officer, director, employee or shareholder of Langford or any of the Subsidiaries and no entity that is an Affiliate or Associate of one or more of such individuals:
Non-Arm’s Length Transactions. Except as disclosed in Section 3.1(gg) of the Company Disclosure Letter, there are no current contracts, commitments, agreements, arrangements or other transactions between the Company or any of its subsidiaries, on the one hand, and any (i) officer or director of the Company or its subsidiaries, (ii) any holder of record or, to the knowledge of the Company, beneficial owner or 5% or more of the outstanding Company Shares, or (iii) any affiliate or associate or any such officer, director or Company Shareholder, on the other hand.
Non-Arm’s Length Transactions. In the event that Lessee uses, sells or otherwise disposes of leased substances without a non-arm’s-length contract or bill of sale, Lessee shall promptly notify Lessor of such use, sale or disposal. The Director may then determine and assign the Gross Value to the leased substances for royalty purposes after taking into account spot market prices, the value of similar or like leased substances reported by other trust lands lessees, the value of like mineral commodities as reported by the United States Geological Survey, and other pertinent economic data regarding the fair market value of the leased substances, f.o.b. the mine.
Non-Arm’s Length Transactions. Neither the Company nor its Subsidiaries has entered into any transactions (including any acquisition or disposition of assets or the receipt or provision of any services) with a Person with whom it did not deal at arm’s length for purposes of Applicable Laws with respect to Taxes where such transactions were not for fair market value consideration and on arm’s length terms and conditions.
Non-Arm’s Length Transactions. Except for (i) employment, consulting or employment compensation agreements entered into in the ordinary course of business, (ii) customary director and officer indemnification arrangements on market terms, (iii) financing agreements or shareholder agreements with 4Front’s shareholders entered into in connection with financings or other transactions to which 4Front’s shareholders are generally parties and that will terminate at or prior to the Effective Time as a result of the transactions contemplated hereby, (iv) the 4Front Voting Agreements; or (v) as set out in Schedule “E”, Section (u) of the 4Front Disclosure Letter, there are no current Contracts or other transactions (including relating to indebtedness by 4Front or its Subsidiaries) between 4Front or any of its Subsidiaries on the one hand, and (a) any officer or director of 4Front or its Subsidiaries, (b) any holder of record or, to the knowledge of 4Front, beneficial owner of five percent or more of the voting securities of 4Front, or (c) any affiliate or Associate of any officer, director or beneficial owner, on the other hand.
Non-Arm’s Length Transactions. All agreements, arrangements or transactions between any Obligor, on the one hand, and any Associate of, Affiliate of or other Person not dealing at Arm’s Length with such Obligor, on the other hand (other than another Obligor), in existence at the date hereof are set forth on Schedule 8.01(35) or are otherwise permitted pursuant to Section 9.04(19).
Non-Arm’s Length Transactions. Effect any transactions with any Person (other than an Obligor) not dealing at Arm’s Length with the transacting Obligor except for (i) those transactions identified in Schedule 8.01(35) on the Effective Date; (ii) the payment and receipt of Permitted Distributions; (iii) transactions permitted under Section 9.04(5); (iv) technical and administrative service agreements on commercially reasonable terms between any of JustEnergy or JEC and its Subsidiaries and the provision of the services contemplated thereby; and (v) sales arrangements on commercially reasonable terms between an Obligor and an Unrestricted Subsidiary with respect to the Business.