Common use of Arm's Length Dealings Clause in Contracts

Arm's Length Dealings. The Borrower shall not enter into any arrangement, agreement or commitment with any person or pay any fees, commissions or other sums on any account whatsoever to any persons other than: (a) on an arm’s length basis and on normal commercial terms; (b) as required by the Finance Documents; or (c) those to which the Agent (acting on the instructions of the Majority Lenders) has given its prior written consent.

Appears in 2 contracts

Samples: Facility Agreement (Sesa Sterlite LTD), Amendment and Restatement Agreement (Sesa Sterlite LTD)

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Arm's Length Dealings. The Borrower shall not enter into any arrangement, agreement or commitment with any person or pay any fees, commissions or other sums on any account whatsoever to any persons other than: (a) on an arm’s 's length basis and on normal commercial terms; (b) as required by the Finance Documents; or (c) those to which the Agent (acting on the instructions of the Majority Lenders) has given its prior written consent.

Appears in 1 contract

Samples: Facility Agreement (Videocon D2h LTD)

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Arm's Length Dealings. The Borrower shall not enter into any arrangement, agreement or commitment with any person or pay any fees, commissions or other sums on any account whatsoever to any persons other than: (a) on an arm’s length basis and on normal commercial terms; (b) as required by the Finance Documents; (c) pursuant to the Sesa Sterlite Merger; or (cd) those to which the Agent (acting on the instructions of the Majority Lenders) has given its prior written consent.

Appears in 1 contract

Samples: Facility Agreement (Sesa Sterlite LTD)

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