Arm’s-Length Terms. The Borrower shall not (and shall ensure that no other Group Member will) enter into (a) any transaction with any Affiliate or related person, or (b) any joint venture with any person, other than on arm’s-length terms and for full market value. Notwithstanding the foregoing, this Clause 21.12 shall not apply to any transaction or joint venture between Group Members.
Appears in 2 contracts
Samples: Facility Agreement (China TransInfo Technology Corp.), Facility Agreement (Harbin Electric, Inc)
Arm’s-Length Terms. The Borrower shall not (and shall ensure that no other Group Member will) enter into (a) any transaction with any Affiliate or related person, ; or (b) any joint venture with any person, other than on arm’s-length terms and for full market value. Notwithstanding the foregoing, this Clause 21.12 shall not apply to any transaction or joint venture between Group Members.
Appears in 2 contracts
Samples: Facility Agreement (China Security & Surveillance Technology, Inc.), Facility Agreement (China Security & Surveillance Technology, Inc.)
Arm’s-Length Terms. The Borrower shall not (and shall ensure that no other Group Member will) enter into (a) any transaction with any Affiliate or related person, or (b) any joint venture with any person, other than on arm’s-length terms and for full market value. Notwithstanding the foregoing, this Clause 21.12 shall not apply to any transaction or joint venture between Group Members.
Appears in 1 contract
Samples: Facility Agreement (Guoren Industrial Developments LTD)
Arm’s-Length Terms. The Borrower shall not (and shall ensure that no other Group Member will) enter into (a) any transaction with any Affiliate or related person, or (b) any joint venture with any person, other than on arm’s-length terms and for full market value. Notwithstanding the foregoing, this Clause 21.12 21.11 shall not apply to any transaction or joint venture between Group Members.
Appears in 1 contract
Samples: Facility Agreement (Zhongpin Inc.)
Arm’s-Length Terms. The Borrower shall not (and shall ensure that no other Group Member will) enter into (a) any transaction with any Affiliate or related person, or (b) any joint venture Joint Venture with any person, other than on arm’s-length terms and for full market value. Notwithstanding the foregoing, this Clause 21.12 16.7 shall not apply to any transaction or joint venture between the Borrower and a Group MembersMember.
Appears in 1 contract
Samples: Facility Agreement (China Nuokang Bio-Pharmaceutical Inc.)
Arm’s-Length Terms. The Borrower shall not (and shall ensure that no other Group Member will) enter into (a) any transaction with any Affiliate or related person, or (b) any joint venture with any person, other than on arm’s-length terms and for full market value. Notwithstanding the foregoing, this Clause 21.12 21.13 shall not apply to any transaction or joint venture between Group Members.
Appears in 1 contract
