Common use of Arm’s length basis Clause in Contracts

Arm’s length basis. (a) Except as permitted by paragraph (b) below, no member of the Nigeria Group (other than Holdco) shall enter into any transaction except on arm’s length terms. ​

Arm’s length basis. (a) Except as permitted by paragraph (b) below and subject to paragraph (c) below, no Nigeria Obligor shall (and shall ensure that no other member of the Nigeria Group (other than Holdcowill) shall enter into any transaction with any non-Nigeria Obligor except on arm’s length terms. ​.