Common use of Arm’s length basis Clause in Contracts

Arm’s length basis. (a) Except as permitted by paragraph (b) below, no Obligor shall (and Parent shall ensure no other member of the Group will) enter into any transaction with any Affiliate that is not an Obligor on terms that are less favorable to such Obligor than those that it could have been obtained in a comparable transaction with an unrelated person or, if there is no such comparable transaction, on terms that are not fair and reasonable to such Obligor.

Arm’s length basis. (a) Except as permitted by paragraph (b) below, no Obligor shall (and Parent the Borrower shall ensure no other member of the Group will) enter into any transaction with any Affiliate that is not an Obligor on terms that are less favorable to such Obligor than those that it could have been obtained in a comparable transaction with an unrelated person Person or, if there is no such comparable transaction, on terms that are not fair and reasonable to such Obligor.

Arm’s length basis. (a) Except as permitted by paragraph (b) below, no Obligor shall (and Parent shall ensure no other member of the Group will) enter into any transaction with any Affiliate that is not an Obligor on terms that are less favorable to such Obligor than those that it could have been obtained in a comparable transaction with an unrelated person Person or, if there is no such comparable transaction, on terms that are not fair and reasonable to such Obligor.