Arm’s Length Transaction means a transaction between two related parties that is conducted as if they were unrelated, so that there is no conflict of interest.
Arm’s Length Transaction means, with respect to any transaction, the terms of such transaction shall not be less favorable to the Borrower or any of its Subsidiaries than commercially reasonable terms that would be obtained in a transaction with a Person that is an unrelated third party.
Arm’s Length Transaction means a transaction between two related parties that is conducted as if they were unrelated, so that there is no conflict of interest. For determination of Arm’s Length basis, guidance may be taken from provision of Transfer Pricing under Income Tax Act, 1961.
Examples of Arm’s Length Transaction in a sentence
A RPT which is neither in the Ordinary Course of Business nor an Arm’s Length Transaction, would require approval of the Board or of shareholders as discussed subsequently.
All RPTs which are neither in the Ordinary Course of Business nor an Arm’s Length Transaction, shall be recommended by the Audit Committee for the approval of the Board.
More Definitions of Arm’s Length Transaction
Arm’s Length Transaction means a transaction between two related parties that is conducted as if they are unrelated, so that there is no conflict of interest, as defined in Explanation (b) to Section 188 (1) of the Companies Act, 2013.
Arm’s Length Transaction means a Sale in good faith and for valuable consideration that reflects the fair market value in the open market between two or more informed and willing parties, neither of which is under any compulsion to participate in the transaction. A Sale between relatives, related companies or partners, or a Sale for which a significant purpose is avoiding the effect of the violations of this Chapter is not an Arm’s Length Transaction.
Arm’s Length Transaction means a transaction which is not a Related Party Transaction.
Arm’s Length Transaction means a transaction between two related parties that is conducted as if they were unrelated.
Arm’s Length Transaction means a transaction between two unrelated, independent and unaffiliated parties or a transaction between two parties acting in their own self-interest that is conducted as if the parties were strangers so that no conflict of interest exists.
Arm’s Length Transaction means a transaction between two related parties that is conducted as if they were unrelated so that there is no conflict of interest. (Explanation (b) to Section 188 (1) of the Act).
Arm’s Length Transaction has the meaning set forth in Section 8.11(a).