Common use of Affiliate/Subsidiary Transactions Clause in Contracts

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.

Appears in 2 contracts

Samples: Wholesale Financing Agreement (Microage Inc /De/), Inventory Financing Agreement (Microage Inc /De/)

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Affiliate/Subsidiary Transactions. No Except for Permitted Indebtedness and Permitted Investments, 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 the business of such Loan Party's business Party and its Subsidiaries 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.

Appears in 1 contract

Samples: Inventory and Working Capital Financing Agreement (Multiple Zones Inc)

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Affiliate/Subsidiary Transactions. No 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 (iA) in the ordinary course of and pursuant to the reasonable requirements of such Loan Party's business and (iiB) 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.

Appears in 1 contract

Samples: Term Credit Agreement (Digital Angel Share Trust)

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