Common use of Related Party Agreements Clause in Contracts

Related Party Agreements. Any agreement entered into by the Company, either directly or indirectly, with a Managing Partner, a member of the Supervisory Board or a shareholder holding more than 10% of the voting rights or, in the case of a corporate shareholder, the company controlling it within the meaning of article L. 233-3 of the French Commercial Code, is subject to the authorisation and verification procedures set out in articles L. 225-38 to L. 225-43 of the French Commercial Code, in accordance with the provisions of article L. 226-10 of the same Code. The same procedure applies to agreements entered into between the Company and another company if a Managing Partner or a member of the Supervisory Board is the owner or a partner with unlimited liability, manager, director, chief executive officer, member of the supervisory board or, more generally, a senior manager or executive of that other company. V - STATUTORY AUDITORS