Burdensome Contracts With Affiliates. Borrower shall not enter into any contract, agreement or business arrangement with any of its Affiliates on terms and conditions which are less favorable to Borrower than would be generally available on an arms-length basis from unrelated third parties.
Appears in 2 contracts
Samples: Credit Agreement (First Wave BioPharma, Inc.), Credit Agreement (Birner Dental Management Services Inc)
Burdensome Contracts With Affiliates. The Borrower shall not enter into any contract, agreement or business arrangement (including, without limitation, contracts for the sale of any Property) with any of its Affiliates on terms and conditions which are less favorable to the Borrower or such Subsidiary than would be generally available on an arms-length basis from unrelated third partiesusual and customary in similar contracts, agreements or business arrangements between Persons not affiliated with each other.
Appears in 2 contracts
Samples: Credit Agreement (First Interstate Bancsystem Inc), Credit Agreement (Community First Bankshares Inc)
Burdensome Contracts With Affiliates. Borrower shall The Borrowers will not enter into any contract, agreement or business arrangement with any of its their Affiliates on terms and conditions which are less favorable to Borrower the Borrowers than would be generally available on an arms-length basis from unrelated third partiesusual and customary in similar contracts, agreements or business arrangements between Persons not affiliated with each other.
Appears in 1 contract
Samples: Secured Credit Agreement (Cycle Country Accessories Corp)
Burdensome Contracts With Affiliates. The Borrower shall not enter into any contract, agreement or business arrangement with any of its Affiliates on terms and conditions which are less favorable to the Borrower than would be generally available on an arms-length basis from unrelated third partiesusual and customary in similar contracts, agreements or business arrangements between Persons not affiliated with each other.
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Burdensome Contracts With Affiliates. The Borrower shall not enter into any contract, agreement or business arrangement with any of its Affiliates (but excluding any contract, agreement or business arrangement between the two legal entities comprising the Borrower) on terms and conditions which are less favorable favourable to the Borrower than would be generally available on an arms-length basis from unrelated third partiesusual and customary in similar contracts, agreements or business arrangements between Persons not affiliated with each other.
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Burdensome Contracts With Affiliates. Borrower shall Borrowers will not enter into any contract, agreement agreement, lease or business arrangement with any of its Affiliates an Affiliate on terms and conditions which are less favorable to any Borrower than would be generally available on an arms-length basis from unrelated third partiesusual and customary in similar contracts, agreements or business arrangements between persons not affiliated with each other.
Appears in 1 contract
Samples: Loan Agreement (Electric City Corp)