Arm’s length basis. 22.15.1 Except as permitted under Clause 22.15.2 below, no Obligor shall enter into any transaction with any person except on arm’s length terms and for full market value.
Appears in 2 contracts
Samples: Facilities Agreement (MiX Telematics LTD), Facilities Agreement (PowerFleet, Inc.)
Arm’s length basis. 22.15.1 Except as permitted under by Clause 22.15.2 below, no Obligor shall (and the Borrower shall ensure no member of the Group will) enter into any transaction with any person except on arm’s length terms and for full market value.
Appears in 2 contracts
Samples: Assignment Agreement (Enstar Group LTD), Assignment Agreement (Enstar Group LTD)
Arm’s length basis. 22.15.1 23.14.1 Except as permitted under by Clause 22.15.2 23.14.2 below, no Obligor shall (and the Borrower shall ensure no member of the Group will) enter into any transaction with any person except on bona fide arm’s length terms and for full market valueterms.
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Arm’s length basis. 22.15.1 27.16.1 Except as permitted under by Clause 22.15.2 below27.16.2, no Obligor shall (and the Company shall ensure no member of the Group will) enter into any transaction with any person except on arm’s length terms and for full market value.
Appears in 1 contract
Arm’s length basis. 22.15.1 22.14.1 Except as permitted under by Clause 22.15.2 22.14.2 below, no Obligor shall (and the Borrower shall ensure no member of the Group will) enter into any transaction with any person except on bona fide arm’s length terms and for full market valueterms.
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Arm’s length basis. 22.15.1 22.14.1 Except as permitted under by Clause 22.15.2 below22.14.2, no Obligor shall (and the Company shall ensure no member of the Group will) enter into any transaction with any person except on arm’s length terms and for full market valueterms.
Appears in 1 contract
Samples: Facilities Agreement (Equinix Inc)
Arm’s length basis. 22.15.1 Except as permitted under Clause 22.15.2 below, no 21.5.1 No Obligor shall (and the Borrower shall ensure that no member of the Group will) enter into any transaction with any person except on arm’s length terms and for full market value, other than in the ordinary course of business of the Obligor.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Karooooo Ltd.)