Affiliated Transaction Clause Samples
An Affiliated Transaction clause defines and governs transactions between a company and its affiliates, such as subsidiaries, parent companies, or entities under common control. This clause typically outlines the conditions under which such transactions are permitted, may require disclosure or approval, and can set standards to ensure the terms are fair and at arm’s length. Its core function is to prevent conflicts of interest and protect the interests of the parties by ensuring transparency and fairness in dealings involving related entities.
Affiliated Transaction. All transactions by and between the Corporation and any officer, employee or shareholder of the Corporation or Persons controlled by or affiliated with such officer, employee or shareholder, shall be conducted on an arms-length basis, shall be on terms and conditions no less favorable to the Corporation than could be obtained from unrelated Persons and shall be approved by the Board after full disclosure of the terms thereof, for which purpose the interested party, if a director, and any affiliate of the interested party who is a director, shall not be entitled to vote.
Affiliated Transaction. Except as set forth on the attached ---------------------- "AFFILIATED TRANSACTIONS SCHEDULE," no officer, director, Shareholder or Affiliate of the Company or any individual related by blood or marriage to any such Person or any entity in which any such Person or individual owns any beneficial interest, is a party to any agreement, contract, commitment or transaction with the Company or has any interest in any property, real, personal or mixed, tangible or intangible, used in or pertaining to the business of the Company.
Affiliated Transaction. 27 U. DISCLOSURE............................................................................................. 27 V.
Affiliated Transaction. Except as set forth on Section 3.13 of the Contributing Party Disclosure Schedules, no current or former officer, director, employee, equity holder or Affiliate of the Contributing Parties or of the CMLP Parties or any individual in such officer’s, director’s, employee’s or equity holder’s immediate family is a party to any agreement, Contract, commitment or transaction with any of the CMLP Parties and their controlled Affiliates. Neither of the Contributing Parties nor any of their Affiliates (other than controlled Affiliates of Gas Services GP) own any assets that are used in the business of CMLP or any of its Subsidiaries.
Affiliated Transaction. Except in accordance with the matters set forth in Schedule 7.24, neither Company is liable in respect of advances, loans, guarantees to or on behalf of any shareholder, officer, director, employee or subsidiary of such Company or any other person with whom such Company does not deal with at arm's length
Affiliated Transaction. The Sellers will cause all Contracts and employee benefit plans between Sellers or any of their respective Affiliates, on the one hand, and any of the Acquired Entities, on the other hand, set forth on Section 4.7 of the Sellers Disclosure Schedule to be terminated effective as of the Closing, without any cost or continuing obligation to the Acquired Entities or Buyer, and will deliver to Buyer evidence of such termination in a form reasonably acceptable to Buyer.
Affiliated Transaction. The Company is not liable in respect of advances, loans, guarantees to or on behalf of the Shareholder, or any officer, director, employee or subsidiary of the Company or any other person with whom the Company does not deal with at arm's length other than an inter-company payable to the Shareholder and, at the Closing Date, there will be no inter-company payables or receivables between the Company and the Shareholder.
Affiliated Transaction. 23 6.3 Inspection..................................................................................... 23 6.4
Affiliated Transaction. Except as contemplated by this Agreement, booktech is not a party to or bound by any contract, commitment or understanding with any of the stockholders, directors or officers of booktech or any of their affiliates or any member of their family and none of the stockholders, directors or officers of booktech or affiliates or any member of their family owns or otherwise has any rights to or interests in any asset, tangible or intangible, which is used in the business of booktech.
Affiliated Transaction. All transactions by and between the Corporation and any officer, employee or shareholder of the Corporation or persons controlled by or affiliated with such officer, employee or shareholder, shall be conducted on an arms-length basis, shall be on terms and conditions no less favorable to the Corporation than could be obtained from unrelated persons and shall be approved by the Board after full disclosure of the terms thereof.