Common use of Conflict of Interest Transactions Clause in Contracts

Conflict of Interest Transactions. Enter into any Conflict of Interest Transaction, except for (a) payment by the Borrower of fees or salaries in the ordinary course of business to employees, (b) for customary indemnities and reasonable expense reimbursement provided to officers of the Borrower, (c) transactions otherwise in the ordinary course of and pursuant to the reasonable requirements of Borrower’s or such Subsidiary’s business (including, but not limited to (i) the transfer of assets among the Borrower, (ii) the exercise of warrants and options to acquire capital stock of Borrower outstanding on the date of this Agreement, and (iii) the award of stock-based compensation in accordance with the Borrower’s long-term stock incentive plans).

Conflict of Interest Transactions. Enter into any Conflict of Interest Transaction, except for (a) payment by the Borrower Borrowers of fees or salaries in the ordinary course of business to employees, (b) for customary indemnities and reasonable expense reimbursement provided to officers of the Borrower, (c) transactions otherwise in the ordinary course of and pursuant to the reasonable requirements of Borrower’s or such Subsidiary’s business (including, but not limited to (i) the transfer of assets among the BorrowerBorrowers, (ii) the exercise of warrants and options to acquire capital stock of Borrower Parent outstanding on the date of this Agreement, and (iii) the award of stock-based compensation in accordance with the BorrowerParent’s long-term stock incentive plans).