Dealings with Affiliates. Except for employee or director ------------------------ compensation, stock bonus, stock option or similar plans or arrangements approved by the Board of Directors, the Company will not enter or permit any Subsidiary to enter into any transaction with any holder of five percent (5%) or more of any class of capital stock of the Company, or any member of their families or any corporation or other entity in which any one or more of such stockholders or members of their immediate families directly or indirectly holds five percent (5%) or more of any class of capital stock except in the ordinary course of business and on terms not less favorable to the Company or the Subsidiary than it would obtain in a transaction between unrelated parties.
Appears in 4 contracts
Samples: Investor Rights Agreement (Cahill Edward L), Subordinated Debenture and Warrant Purchase Agreement (Concorde Career Colleges Inc), Subordinated Debenture Purchase Agreement (Cahill Edward L)
Dealings with Affiliates. Except for employee or director ------------------------ compensation, stock bonus, stock option or similar plans or arrangements approved by the Board of Directors, the Company will not enter or permit any Subsidiary to enter into any transaction with any holder of five percent (5%) or more of any class of capital stock of the Company, or any member of their families or any corporation or other entity in which any one or more of such stockholders or members of their immediate families directly or indirectly holds five percent (5%) or more of any class of capital stock except in the ordinary course of business and on terms not less favorable to the Company or the Subsidiary than it would obtain in a transaction between unrelated parties.
Appears in 2 contracts
Samples: Debenture and Warrant Purchase Agreement (Cahill Edward L), Subordinated Debenture and Warrant Purchase Agreement (Cahill Edward L)
Dealings with Affiliates. Except for employee or ------------------------ director ------------------------ compensation, stock bonus, stock option or similar plans or arrangements approved by the Board of Directors, the Company will not enter or permit any Subsidiary to enter into any transaction with any holder of five percent (5%) or more of any class of capital stock of the Company, or any member of their families or any corporation or other entity in which any one or more of such stockholders or members of their immediate families directly or indirectly holds five percent (5%) or more of any class of capital stock except in the ordinary course of business and on terms not less favorable to the Company or the Subsidiary than it would obtain in a transaction between unrelated parties.
Appears in 1 contract
Samples: Investor Rights Agreement (Touchstone Applied Science Associates Inc /Ny/)
Dealings with Affiliates. Except for employee or director ------------------------ compensation, stock bonus, stock option or similar plans or arrangements approved by the Board of Directors, the The Company will not enter or ------------------------ permit any Subsidiary to enter into any transaction with any holder of five percent (5%) or more of any class of capital stock of the Company, or any member of their families or any corporation or other entity in which any one or more of such stockholders or members of their immediate families directly or indirectly holds five percent (5%) or more of any class of capital stock except in the ordinary course of business and on terms not less favorable to the Company or the Subsidiary than it would obtain in a transaction between unrelated parties.
Appears in 1 contract
Samples: Convertible Debenture Purchase Agreement (Right Start Inc /Ca)
