Common use of Transactions with Related Persons Clause in Contracts

Transactions with Related Persons. Except for fees and expenses payable to the Manager under the Management Agreement, the Borrowers shall not pay any management, consulting, director or similar fees to any Related Person of the Borrowers or to any director, officer or employee of the Borrowers. The Borrowers shall not directly or indirectly enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Related Person of any of the Borrowers or with any director, officer or employee of any Borrower Party, except transactions in the ordinary course of and pursuant to the reasonable requirements of the business of the Borrowers and upon fair and reasonable terms and which are no less favorable to any of the Borrowers than would be obtained in a comparable arm's length transaction with a Person that is not a Related Person of any Borrower. The Borrowers shall not make any payment or permit any payment to be made to any Related Person of any of the Borrowers when or as to any time when any Event of Default shall exist.

Transactions with Related Persons. Except for fees and expenses payable to the Manager under the Management Agreement, the Borrowers shall not pay any management, consulting, director or similar fees to any Related Person of the Borrowers or to any director, officer or employee of the Borrowers. The Borrowers shall not directly or indirectly enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Related Person of any of the Borrowers or with any director, officer or employee of any Borrower Party, except transactions in the ordinary course of and pursuant to the reasonable requirements of the business of the Borrowers and upon fair and reasonable terms and which are no less favorable to any of the Borrowers than would be obtained in a comparable arm's length transaction with a Person that is not a Related Person of any Borrower. The Borrowers shall not make any payment or permit any payment to be made to any Related Person of any of the Borrowers when or as to any time when any Event of Default shall exist.

Transactions with Related Persons. Except for fees and expenses payable to the Manager under the Management Agreement, the Borrowers no Borrower shall not pay any management, consulting, director or similar fees to any Related Person of the Borrowers any Borrower or to any directordirector or manager (other than any customary fees of the Independent Director), officer or employee of the Borrowersany Borrower. The Borrowers No Borrower shall not directly or indirectly enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Related Person of any of the Borrowers Borrower or with any director, officer or employee of any Borrower Party, except transactions in the ordinary course of and pursuant to the reasonable requirements of the business of the Borrowers such Borrower and upon fair and reasonable terms and which are no less favorable to any of the Borrowers such Borrower than would be obtained in a comparable arm's ’s length transaction with a Person that is not a Related Person of any such Borrower. The Borrowers No Borrower shall not make any payment or permit any payment to be made to any Related Person of any of the Borrowers Borrower when or as to any time when any Event of Default shall exist.

Transactions with Related Persons. Except for fees and expenses payable to the Manager under the Management Agreement, the Borrowers Borrower shall not pay any management, consulting, director or similar fees to any Related Person of the Borrowers Borrower or to any directordirector or manager (other than any 55 customary fees of the Independent Director), officer or employee of the BorrowersBorrower. The Borrowers Borrower shall not directly or indirectly enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Related Person of any of the Borrowers Borrower or with any director, officer or employee of any Borrower Party, except transactions in the ordinary course of and pursuant to the reasonable requirements of the business of the Borrowers Borrower and upon fair and reasonable terms and which are no less favorable to any of the Borrowers Borrower than would be obtained in a comparable arm's ’s length transaction with a Person that is not a Related Person of any Borrower. The Borrowers Borrower shall not make any payment or permit any payment to be made to any Related Person of any of the Borrowers Borrower when or as to any time when any Event of Default shall exist.

Transactions with Related Persons. Except for fees and expenses payable to the Manager under the Management Agreement, the Borrowers shall not pay any management, consulting, director or similar fees to any Related Person of the Borrowers any Borrower or to any directordirector (other than any customary fees of the Outside Director), officer or employee of the BorrowersBorrower. The Borrowers shall not directly or indirectly enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Related Person of any of the Borrowers Borrower or with any director, officer or employee of any Borrower Party, except transactions in the ordinary course of and pursuant to the reasonable requirements of the business of the Borrowers and upon fair and reasonable terms and which are no less favorable to any of the Borrowers Borrower than would be obtained in a comparable arm's length transaction with a Person that is not a Related Person of any Borrower. The Borrowers shall not make any payment or permit any payment to be made to any Related Person of any of the Borrowers Borrower when or as to any time when any Event of Default shall exist.

Transactions with Related Persons. Except for fees and expenses payable to the Manager under the Management Agreement, the Borrowers Borrower shall not pay any management, consulting, director or similar fees to any Related Person of the Borrowers Borrower or to any directordirector (other than any customary fees of the Outside Director), officer or employee of the BorrowersBorrower. The Borrowers Borrower shall not directly or indirectly enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Related Person of any of the Borrowers Borrower or with any director, officer or employee of any Borrower Party, except transactions in the ordinary course of and pursuant to the reasonable requirements of the business of the Borrowers Borrower and upon fair and reasonable terms and which are no less favorable to any of the Borrowers Borrower than would be obtained in a comparable arm's length transaction with a Person that is not a Related Person of any Borrower. The Borrowers Borrower shall not make any payment or permit any payment to be made to any Related Person of any of the Borrowers Borrower when or as to any time when any Event of Default shall exist.

Transactions with Related Persons. Except for fees and expenses payable to the Manager under the Management Agreement, the Borrowers shall not pay any management, consulting, director or similar fees to any Related Person of the Borrowers or to any director, officer or employee of the Borrowers. The Borrowers shall not directly or indirectly enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Related Person of any of the Borrowers or with any director, officer or employee of any Borrower Borrowers Party, except transactions in the ordinary course of and pursuant to the reasonable requirements of the business of the Borrowers and upon fair and reasonable terms and which are no less favorable to any of the Borrowers than would be obtained in a comparable arm's length transaction with a Person that is not a Related Person of any Borrower. The Borrowers shall not make any payment or permit any payment to be made to any Related Person of any of the Borrowers when or as to any time when any Event of Default shall exist.