Restricted Transaction definition
Examples of Restricted Transaction in a sentence
In response to a specific request regarding a proposed Restricted Transaction, the Independent Review Party shall determine whether the price of such Restricted Transaction is comparable to that which would be obtained in an arm’s-length transaction, and if it makes such a determination, it will approve of such Restricted Transaction.
The Collateral Manager is not required to obtain consent and approval of the Issuer and/or any other person for any Restricted Transaction if such consent and approval is not required by applicable law (including, without limitation, the Advisers Act).
If the Independent Review Party notifies the Collateral Manager that it will not approve the Restricted Transaction, the Issuer will not effect the Restricted Transaction.
The Independent Review Party is under no obligation to consent to a Restricted Transaction.
Each Restricted Transaction must be approved in writing by the Independent Review Party.