Arm’s Length Transactions. The Borrower shall not enter into any transaction with any person except in the ordinary course of business, on ordinary commercial terms and on the basis of arm’s-length arrangements, or enter into any transaction whereby the Borrower would pay more than the ordinary commercial price for any purchase or would receive less than the full ex-works commercial price (subject to normal trade discounts) for its products or services.
Appears in 6 contracts
Samples: Loan Agreement, Loan Agreement (Velti PLC), Loan Agreement (Clearwave N V)
Arm’s Length Transactions. The Borrower shall not enter into any transaction with any person except in the ordinary course of business, on ordinary commercial terms and on the basis of arm’s-arm's- length arrangements, or enter into any transaction whereby the Borrower would pay more than the ordinary commercial price for any purchase or would receive less than the full ex-works commercial price (subject to normal trade discounts) for its products or services.
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement, Credit Agreement (Harvest Natural Resources Inc)
Arm’s Length Transactions. The Borrower shall not enter into any transaction with any person except in the ordinary course of business, on ordinary commercial terms and on the basis of arm’sarm's-length arrangements, or enter into any transaction whereby the Borrower would pay more than the ordinary commercial price for any purchase or would receive less than the full ex-works commercial price (subject to normal trade discounts) for its products or services.
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement (Caspian Services Inc)
Arm’s Length Transactions. The Borrower Company shall not enter into any transaction with any person except in the ordinary course of business, on ordinary commercial terms and on the basis of arm’s-arm's length arrangements, or enter into any transaction whereby the Borrower Company would pay more than all the ordinary commercial price for any purchase or would receive less than the full ex-works commercial price (subject to normal trade discounts) for its products or servicesproducts.
Appears in 2 contracts
Samples: Loan Agreement (Amax Gold Inc), Loan Agreement (Amax Gold Inc)
Arm’s Length Transactions. The Neither Borrower shall not enter into any transaction with any person except (i) in the ordinary course of business, on ordinary commercial terms and business on the basis of arm’s-length arrangementsarrangements or at cost arrangements on terms not less favorable to the Borrowers than could be obtained from an unrelated party (including, or enter into any transaction without limitation, transactions whereby the such Borrower would might pay more than the ordinary commercial price for any purchase or would might receive less than the full ex-works commercial price (subject to normal trade discounts) for its products or servicesany sale) and (ii) Permitted License Transfers.
Appears in 1 contract