Transactions with Third Parties. conclude and procure that any subsidiary of the Borrower concludes any transaction with a third party, irrespective of whether or not it is a Related Party, only on terms no less beneficial to it than those obtainable on an arm’s length basis. All contracts to be concluded by it with a Related Party will be submitted to the Agent in their final draft form for approval, such approval not to be unreasonably withheld. It will further waive any Financial Indebtedness owed by any person to it only for valuable market consideration;
Appears in 4 contracts
Samples: Letter Of (Mercer International Inc.), Account Pledge Agreement (Mercer International Inc), Account Pledge Agreement (Mercer International Inc.)
Transactions with Third Parties. conclude and procure that any subsidiary of the Borrower concludes any transaction with a third party, irrespective of whether or not it is a Related Party, only on terms no less beneficial to it than those obtainable on an arm’s length basis. All contracts to be concluded by it with a Related Party Party, including without limitation those contracts concluded in connection with Project Blue Mill, will be submitted to the Agent in their final draft form for approval, such approval not to be unreasonably withheld. It will further waive any Financial Indebtedness owed by any person to it only for valuable market consideration;
Appears in 2 contracts
Samples: Mercer International Inc., Mercer International Inc.
Transactions with Third Parties. conclude and procure that any subsidiary of the Borrower concludes any transaction with a third party, irrespective of whether or not it is a Related Party, only on terms no less beneficial to it than those obtainable on an arm’s 's length basis. All contracts to be concluded by it with a Related Party will be submitted to the Agent in their final draft form for approval, such approval not to be unreasonably withheld. It will further waive any Financial Indebtedness owed by any person to it only for valuable market consideration;
Appears in 1 contract
Samples: Account Pledge Agreement (Mercer International Inc)