Common use of Transactions With Affiliates or Subsidiaries Clause in Contracts

Transactions With Affiliates or Subsidiaries. (a) Borrower shall not enter into any transaction with any Subsidiary or other Affiliate including the purchase, sale, lease or exchange of Property, or the loaning, capitalization or giving of funds to any such Affiliate or any Subsidiary, unless (i) such Subsidiary or Affiliate is engaged in a business substantially related to the business conducted by Borrower, (ii) the transaction is in the ordinary course of and pursuant to the reasonable requirements of Borrower’s business and upon terms substantially the same and no less favorable to Borrower as it would obtain in a comparable arm’s-length transaction with any Person not an Affiliate or a Subsidiary, and (iii) such transaction is not prohibited hereunder.

Appears in 1 contract

Samples: Credit Agreement (Assisted 4 Living, Inc.)

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Transactions With Affiliates or Subsidiaries. (a) No Borrower shall not enter into any transaction with any Subsidiary or other Affiliate including including, without limitation, the purchase, sale, lease or exchange of Property, or the loaning, capitalization loaning or giving of funds to any such Affiliate or any Subsidiary, Subsidiary unless (i) such Subsidiary or Affiliate is engaged in a business substantially related to the business conducted by BorrowerBorrowers, (ii) is a Borrower hereunder and the transaction is in the ordinary course of and pursuant to the reasonable requirements of such Borrower’s 's business and upon terms substantially the same and no less favorable to such Borrower as it would obtain in a comparable arm’sarm's-length transaction trans actions with any Person not an Affiliate or a Subsidiary, and (iii) so long as such transaction is not prohibited hereunder; or (ii) such transaction is intended for incidental administrative purposes.

Appears in 1 contract

Samples: Credit Agreement (Phoenix Md Realty LLC)

Transactions With Affiliates or Subsidiaries. (a) The Borrower shall not enter into any transaction with any Affiliate or Subsidiary or other Affiliate including including, without limitation, the purchase, sale, lease or exchange of Property, or the loaning, capitalization loaning or giving of funds to any such Affiliate or any Subsidiary, unless (i) such Subsidiary or Affiliate is engaged in a business substantially related to the business conducted by the Borrower, (ii) and the transaction is in the ordinary course of and pursuant to the reasonable requirements of the Borrower’s 's business and upon terms substantially the same and no less favorable to the Borrower as it would obtain in a comparable arm’sarm's-length transaction transactions with any Person not an Affiliate or a Subsidiary, and (iiiii) such transaction is not otherwise prohibited hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

Transactions With Affiliates or Subsidiaries. (a) No Borrower shall not enter into into, and no Borrower shall permit any Subsidiary to enter into, any transaction with any other Subsidiary or other Affiliate including including, without limitation, the purchase, sale, lease or exchange of Property, or the loaning, capitalization loaning or giving of funds to any such Affiliate or any Subsidiary, Subsidiary unless (i) such Subsidiary or Affiliate is engaged in a business substantially related to the business conducted by Borrower, (ii) the transaction is in the ordinary course of and pursuant to the reasonable requirements of such Borrower’s 's or Subsidiary's business and upon terms substantially the same and no less favorable to such Borrower or Subsidiary as it would obtain in a comparable arm’sarm's-length transaction transactions with any Person not an Affiliate or a Subsidiary, and (iii) such transaction is not prohibited hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Opinion Research Corp)

Transactions With Affiliates or Subsidiaries. (a) a. No Borrower shall not enter into any transaction with any Subsidiary or other Affiliate including Affiliate, including, without limitation, the purchase, sale, lease or exchange of Property, or the loaning, capitalization loaning or giving of funds to any such Affiliate or any Subsidiary, unless Subsidiary unless: (i) such Subsidiary or Affiliate is engaged in a business substantially related to the business conducted by such Borrower, (ii) and the transaction is in the ordinary course of and pursuant to the reasonable requirements of such Borrower’s business and upon terms substantially the same and no less favorable to such Borrower as it would obtain in a comparable arm’s-arm’s length transaction transactions with any Person not an Affiliate or a Subsidiary, and (iii) so long as such transaction is not prohibited hereunderhereunder;or (ii) such transaction is intended for incidental administrative purposes.

Appears in 1 contract

Samples: Loan and Security Agreement (Amerinac Holding Corp.)

Transactions With Affiliates or Subsidiaries. (a) The Borrower shall not enter into any transaction with any Affiliate or Subsidiary or other Affiliate including including, without limitation, the purchase, sale, lease or exchange of Property, or the loaning, capitalization loaning or giving of funds to any such Affiliate or any Subsidiary, unless (i) such Subsidiary or Affiliate is engaged in a business substantially related to the business conducted by the Borrower, (ii) and the transaction is in the ordinary course of and pursuant to the reasonable requirements of the Borrower’s business and upon terms substantially the same and no less favorable to the Borrower as it would obtain in a comparable arm’s-length transaction transactions with any Person not an Affiliate or a Subsidiary, and (iiiii) such transaction is not otherwise prohibited hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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Transactions With Affiliates or Subsidiaries. (a) a. No Borrower shall not enter into any transaction with any Subsidiary or other Affiliate including Affiliate, including, without limitation, the purchase, sale, lease or exchange of Property, or the loaning, capitalization loaning or giving of funds to any such Affiliate or any Subsidiary, unless Subsidiary unless: (i) such Subsidiary or Affiliate is engaged in a business substantially related to the business conducted by such Borrower, (ii) and the transaction is in the ordinary course of and pursuant to the reasonable requirements of such Borrower’s business and upon terms substantially the same and no less favorable to such Borrower as it would obtain in a comparable arm’s-arm’s length transaction transactions with any Person not an Affiliate or a Subsidiary, and (iii) so long as such transaction is not prohibited hereunder; or (ii) such transaction is intended for incidental administrative purposes.

Appears in 1 contract

Samples: Loan and Security Agreement (Amerinac Holding Corp.)

Transactions With Affiliates or Subsidiaries. (a) Neither Borrower shall not enter into any transaction with any Subsidiary or other Affiliate including including, without limita tion, the purchase, sale, lease or exchange of Property, or the loaning, capitalization loaning or giving of funds to any such Affiliate or any Subsidiary, unless (i) such Subsidiary or Affiliate is engaged in a business substantially related to the business conducted by Borrower, (ii) such Borrower and the transaction is in the ordinary course of and pursuant to the reasonable requirements of such Borrower’s 's business and upon terms substantially the same and no less favorable to such Borrower as it would obtain in a comparable arm’sarm's-length transaction trans actions with any Person not an Affiliate or a Subsidiary, and (iiiii) so long as such transaction is not prohibited hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Capital Associates Inc)

Transactions With Affiliates or Subsidiaries. (a) Borrower shall not enter into any transaction with any Affiliate or Subsidiary or other Affiliate including including, without limitation, the purchase, sale, lease or exchange of Property, or the loaning, capitalization loaning or giving of funds to any such Affiliate or any Subsidiary, unless (i) such Subsidiary or Affiliate is engaged in a business substantially related to the business conducted by Borrower, (ii) and the transaction is in the ordinary course of and pursuant to the reasonable requirements of Borrower’s 's business and upon terms substantially the same and no less favorable to Borrower as it would obtain in a comparable arm’sarm's-length transaction transactions with any Person not an Affiliate or a Subsidiary, and (iiiii) such transaction is not otherwise prohibited hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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