Common use of Dealings with Affiliates and Others Clause in Contracts

Dealings with Affiliates and Others. Other than as contemplated by this Agreement, other than transactions in the ordinary course of business involving less than $1,000, enter into, after the date of this Agreement, any transaction, including, without limitation, any loans or extensions of credit or royalty agreements, with any officer, director or affiliate of the Company or any Subsidiary or any member of their respective immediate families or any corporation or other entity directly or indirectly affiliated with one or more of such officers, directors or members of their immediate families unless such transaction is approved in advance by a majority of the disinterested members of the Board of Directors; provided, however, that the Company shall not enter into any transaction with any officer or director of the Company (or any of their respective affiliates) unless such transaction is also approved in advance by all of the Investor Directors (or if one of such directors is interested in such transaction, then the other of such directors).

Appears in 2 contracts

Samples: Investor Rights Agreement (Enernoc Inc), Investor Rights Agreement (Enernoc Inc)

AutoNDA by SimpleDocs

Dealings with Affiliates and Others. Other than as contemplated by this Agreement, other than transactions in the ordinary course of business involving less than $1,000, enter into, after the date of this Agreement, any transaction, including, without limitation, any loans or extensions of credit or royalty agreements, with any officer, director or affiliate Affiliate of the Company or any Subsidiary or any member of their respective immediate families or any corporation or other entity directly or indirectly affiliated with one or more of such officers, directors or members of their immediate families unless such transaction is approved in advance by a majority of the disinterested members of the Board of Directors; provided, however, that the Company shall not enter into any transaction with any officer or director of the Company (or any of their respective affiliatesAffiliates) unless such transaction is also affirmatively approved in advance by all a majority of the Investor Directors (or if one of such directors is are not interested in such transaction, then the other of such directors).

Appears in 1 contract

Samples: Investor Rights Agreement (Collegium Pharmaceutical, Inc)

AutoNDA by SimpleDocs

Dealings with Affiliates and Others. Other than as contemplated by this Agreement, other than transactions in the ordinary course of business involving less than $1,000, enter into, after the date of this Agreement, any transaction, including, without limitation, any loans or extensions of credit or royalty agreements, with any officer, director or affiliate Affiliate of the Company or any Subsidiary or any member of their respective immediate families or any corporation or other entity directly or indirectly affiliated with one or more of such officers, directors or members of their immediate families unless such transaction is approved in advance by a majority of the disinterested members of the Board of Directors; provided, however, that the Company shall not enter into any transaction with any officer or director of the Company (or any of their respective affiliatesAffiliates) unless such transaction is also approved in advance by all a majority of the Investor Directors (or if one of such directors is are not interested in such transaction, then the other of such directors).

Appears in 1 contract

Samples: Investor Rights Agreement (Collegium Pharmaceutical Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.