Party Transactions. Except for transactions permitted pursuant to Sections 7.8 and 7.10, no Loan Party shall enter into any transactions with any Affiliate or other non-arm’s-length parties (other than other Loan Parties) unless such transaction is for the sale of goods or services in the ordinary course of business upon fair and reasonable terms, no less favorable to such Loan Party than such Loan Party could obtain in a comparable arms-length transaction with an unrelated third party and no Event of Default shall have occurred and remain outstanding at the time such transaction occurs, or would occur immediately after giving effect to such transaction’s arm’s length commercial terms.
Party Transactions. No employee, officer or director of BOTH or member of his or her immediate family is indebted to BOTH, nor is BOTH indebted (or committed to make loans or extend or guarantee credit) to any of them (other than for accrued but unpaid salary, bonus or travel expenses incurred in the ordinary course of business and consistent with past practice). Except as set forth on Section 3.25 of the BOTH Disclosure Schedule, none of such persons has any direct or indirect ownership interest in any firm or corporation with which BOTH is affiliated or with which BOTH has a business relationship. Except as set forth on Section 3.25 of the BOTH Disclosure Schedule, no member of the immediate family of any officer or director of BOTH is directly interested in any Contract with BOTH.
Party Transactions. Except as set forth in Section 3.30 of the Disclosure Schedules:
Party Transactions. There are no business relationships or related-party transactions involving the Company, its Subsidiaries or any other Person required by the Securities Act to be described in the Company SEC Documents that have not been described as required.
