Common use of Transactions with Third Parties Clause in Contracts

Transactions with Third Parties. Notwithstanding the foregoing provisions of subsection 4.3.1 of this Article, such provisions shall not be applicable in the event that, in the opinion of the Directors the disclosure at a public meeting of the Members would jeopardize the interests of a Third Party who may be the recipient of any such transfer, lease, mortgage, pledge, hypothecation, lien, charge, alienation, encumbrance, right of first refusal or option to purchase, such that such Third Party might reasonably be expected not to proceed with any such transaction, and provided that such transaction is determined by the Directors to be for the benefit of Split Lake Cree, and in that event, the Directors shall provide written notice of such determination to the Trustees fourteen