Affiliate/Subsidiary Transactions. Customer is not a party to or bound by any agreement or arrangement (whether oral or written) to which any Affiliate or Subsidiary of the Customer is a party except (i) in the ordinary course of and pursuant to the reasonable requirements of Customer's business and (ii) upon fair and reasonable terms no less favorable to Customer than it could obtain in a comparable arm's-length transaction with an unaffiliated Person.
Affiliate/Subsidiary Transactions. The Customer will not, directly or indirectly, enter into any transaction with any Affiliate or Subsidiary, including, without limitation, the purchase, sale or exchange of property or the rendering of any service to any Affiliate or Subsidiary of Customer except in the ordinary course of business and pursuant to the reasonable requirements of Customer's business upon fair and reasonable terms no less favorable to Customer than could be obtained in a comparable arm's-length transaction with an unaffiliated Person.
Affiliate/Subsidiary Transactions. No Loan Party is a party to or bound by any agreement or arrangement (whether oral or written) to which any Affiliate or Subsidiary of such Loan Party is a party except (i) in the ordinary course of and pursuant to the reasonable requirements of such Loan Party's business and (ii) upon fair and reasonable terms no less favorable to such Loan Party than it could obtain in a comparable arm's-length transaction with an unaffiliated Person.
Affiliate/Subsidiary Transactions. No Loan Party will, directly or indirectly, enter into any transaction with any Affiliate or Subsidiary, including, without limitation, the purchase, sale or exchange of property or the rendering of any service to any Affiliate or Subsidiary of either Customer or any Guarantor except in the ordinary course of business and pursuant to the reasonable requirements of any Loan Party's or any Guarantor's business upon fair and reasonable terms no less favorable to such Loan Party or Guarantor than could be obtained in a comparable arm's-length transaction with an unaffiliated Person, provided, however no Loan Party will, or permit any of its Subsidiaries to, transfer, sell, exchange or dispose of any Collateral to any Affiliate or Subsidiary of any Loan Party except if such transfer, sale, exchange or disposition is subject to IBM Credit's security interest in such Collateral.
Affiliate/Subsidiary Transactions. No Loan Party is a party to or bound by any agreement or arrangement (whether oral or written) to which any Affiliate or Subsidiary of such Loan Party is a party except (i) in the ordinary course of and pursuant to the reasonable requirements of such Loan Party's business and (ii) upon fair and reasonable terms no less favorable to such Loan Party than it could obtain in a comparable arm's-length transaction with an unaffiliated Person. Except as disclosed to IBM Credit by Borrower in writing from time to time after the Closing Date, Attachment B sets forth with respect to each Subsidiary of Borrower and Holdings (i) its name; (ii) if a registered organization, the State of its formation; (iii) if a non-registered organization, the State of its principal place of business and chief executive offices; (iv) if a proprietorship, proprietor's principal place of residence; and as to each Subsidiary the percentage of ownership by Borrower or Holdings, as appropriate.
Affiliate/Subsidiary Transactions. No Customer is a party to or bound by any agreement or arrangement (whether oral or written) to which any Affiliate or Subsidiary of any Customer is a party except (i) in the ordinary course of and pursuant to the reasonable requirements of Customers’ business and (ii) upon fair and reasonable terms no less favorable to such Customer than it could obtain in a comparable arm’s-length transaction with an unaffiliated Person. Except as disclosed to IBM Credit by each Customer in writing from time to time after the Closing Date, Attachment B sets forth with respect to each Subsidiary (i) its name; (ii) if a registered organization, the State of its formation; (iii) if a non-registered organization, the State of its principal place of business and chief executive offices; (iv) if a proprietorship, proprietor’s principal place of residence; and (v) as to each Subsidiary the percentage of ownership by such Customer.
Affiliate/Subsidiary Transactions. No Loan Party will, directly or indirectly, enter into any transaction with any Affiliate or Subsidiary, including, without limitation, the purchase, sale or exchange of property or the rendering of any service to any Affiliate or Subsidiary of a Loan Party except (i) transactions in the ordinary course of business and pursuant to the reasonable requirements of Loan Party's business upon fair and reasonable terms no less favorable to Loan Party than could be obtained in a comparable arm's-length transaction with an unaffiliated Person, (ii) Permitted investments and (iii) transactions with a Loan Party for a bona fide business purpose. Notwithstanding any other provision of this Agreement, a Loan Party may transfer a substantial portion of its assets to another Loan Party without causing an Event of Default under this Agreement.
Affiliate/Subsidiary Transactions. Each Loan Party is not a party to or bound by any agreement or arrangement (whether oral or written) to which any Affiliate or Subsidiary of such Loan Party is a party except (A) in the ordinary course of and pursuant to the reasonable requirements of such Loan Party’s business and (B) upon fair and reasonable terms no less favorable to such Loan Party than it could obtain in a comparable arm’s-length transaction with an unaffiliated Person.
Affiliate/Subsidiary Transactions. No Credit Party is a party to or bound by any agreement or arrangement (whether oral or written) to which any Affiliate or Subsidiary of such Credit Party is a party except (i) in the ordinary course of and pursuant to the reasonable requirements of such Credit Party's business and (ii) upon fair and reasonable terms no less favorable to such Credit Party than it could obtain in a comparable arm's-length transaction with an unaffiliated Person. Except as disclosed to IBM Credit by Customer in writing from time to time after the Closing Date, Schedule 6.20 sets forth the name and jurisdiction of incorporation of each Subsidiary and, as to each such Subsidiary, the percentage of each class of capital stock owned by Customer.
Affiliate/Subsidiary Transactions. Subject to Section 8.15, no Credit Party will, directly or indirectly, enter into any transaction with any Affiliate or Subsidiary, including, without limitation, the purchase, sale or exchange of property or the rendering of any service to any Affiliate or Subsidiary of such Credit Party except in the ordinary course of business and pursuant to the reasonable requirements of its business upon fair and reasonable terms no less favorable to such Credit Party than could be obtained in a comparable arm's-length transaction with an unaffiliated Person.
