Common use of Arms' Length Dealing Clause in Contracts

Arms' Length Dealing. Borrower shall not enter into any transaction of any kind with any family member, Subsidiary or Affiliate, whether or not in the ordinary course of business, other than with prior written notice to Lender and on fair and reasonable terms substantially as favorable to Borrower as would be obtainable by Borrower at the time in a comparable arm’s length transaction with a Person other than a family member, Subsidiary or Affiliate.

Appears in 1 contract

Samples: Credit Agreement (Owens Realty Mortgage, Inc.)

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Arms' Length Dealing. Borrower shall not enter into any transaction of any kind with any family member, Subsidiary or Affiliate, whether or not in the ordinary course of business, other than with prior written notice to Lender and on fair and reasonable terms substantially as favorable to Borrower as would be obtainable by any Borrower at the time in a comparable arm’s length transaction with a Person other than a family member, Subsidiary or Affiliate.

Appears in 1 contract

Samples: Credit Agreement (Alico Inc)

Arms' Length Dealing. Borrower shall not enter into any transaction of any kind with any family member, Subsidiary or Affiliate, whether or not in the ordinary course of business, other than with prior written notice to Lender and on fair and reasonable terms substantially as favorable to Borrower as would be obtainable by Borrower at the time in a comparable arm’s length transaction with a Person other than a family member, Subsidiary or Affiliate.

Appears in 1 contract

Samples: Credit Agreement (Qad Inc)

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Arms' Length Dealing. Borrower shall not enter into any transaction of any kind with any family member, Subsidiary or Affiliate, whether or not in the ordinary course of business, other than with prior written notice to Lender and on fair and reasonable terms substantially as favorable to Borrower as would be obtainable by Borrower at the time in a comparable arm’s length transaction with a Person other than a family member, Subsidiary or Affiliate, and, if such transaction is not in the ordinary course of business, with prior written notice to Lender.

Appears in 1 contract

Samples: Credit Agreement (Qad Inc)

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