Affiliate Transaction Procedures Sample Clauses

Affiliate Transaction Procedures. The following procedures shall apply to an Affiliate Transaction: (i) The Issuer shall engage an Independent Agent for the purpose of reviewing and approving any Affiliate Transaction. (ii) The Collateral Manager shall deliver to the Issuer and the Independent Agent information describing in sufficient detail the particulars of the proposed Affiliate Transaction, including the Collateral Manager’s determination of the fair value thereof, and any other information the Independent Agent reasonably requests with respect to each applicable Collateral Obligation that is necessary to make the determination whether to approve such Affiliate Transaction on behalf of the Issuer. (iii) The Independent Agent on behalf of the Issuer shall review the information delivered in clause (ii) and shall approve or disapprove the proposed Affiliate Transaction and such approval or disapproval shall be communicated in writing to the Issuer and the Collateral Manager. (iv) In the event that the Independent Agent shall disapprove the Affiliate Transaction, the Issuer shall be deemed not to have consented to such transaction. (v) In the event that the Independent Agent shall approve the Affiliate Transaction, the Issuer will be deemed to have consented to such Affiliate Transaction for all purposes (including for all purposes under the Advisers Act (if applicable)) and the Collateral Manager may cause the acquisition of the applicable Collateral Obligations included in such Affiliate Transaction; provided, that if the Collateral Manager adopts policies and procedures across its Other Accounts for purposes of obtaining independent consent to Affiliate Transactions or similar transactions, the Collateral Manager may, instead of complying with the procedures described above in this Section 3(g), follow such policies and procedures so long as (x) such policies and procedures are in accordance with the requirements of the Advisers Act and (y) the Collateral Manager has notified the Issuer of such policies and procedures and the Issuer has not objected within 30 days of such notice.
Sample 1
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Related to Affiliate Transaction Procedures

  • Affiliate Transactions Except as disclosed in the Registration Statement, the Company shall not pay the Sponsor, any of the Company’s directors or executive officers, any special advisor, or any of the Company’s or their respective affiliates any fees or compensation of any kind (including finder’s and consulting fees reimbursement, monies in respect of any payment of a loan or other compensation paid by the Company to the Sponsor, the Company’s executive officers, directors or any of their respective affiliates, except as otherwise disclosed in the Registration Statement) for services rendered to the Company prior to, or in connection with, the consummation of the Initial Business Combination.

  • Arm’s Length Transactions During the term of this Agreement, all transactions and dealings between the Trust Depositor and its Affiliates will be conducted on an arm’s-length basis.

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