Common use of Limitation on Related Party Transactions Clause in Contracts

Limitation on Related Party Transactions. (a) The Company shall not, and shall not permit any of its Subsidiaries to, enter into or be a party to any transaction with any Related Parties (other than any of the Holders or their Affiliates) except in the ordinary course of, and pursuant to the reasonable requirements of, such Related Party's business and upon fair and reasonable terms that are at least equivalent to an arm's-length transaction with a Person that is not a Related Party. In addition, if any such transaction or series of related transactions involves payments in excess of $25,000 in the aggregate, the terms of such transactions must be disclosed in advance to each Holder. All such transactions existing as of the date hereof are set forth on Schedule 6.8.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (Bio Plexus Inc), Convertible Note Purchase Agreement (Appaloosa Management Lp)

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Limitation on Related Party Transactions. (a) The Company shall not, and shall not permit any of its Subsidiaries to, enter into or be a party to any transaction with any Related Parties (other than any of the Holders or their Affiliates) except in the ordinary course of, and 27 pursuant to the reasonable requirements of, such Related Partyparty's business and upon fair and reasonable terms that are at least equivalent to an arm's-arms length transaction with a Person that is not a Related Party. In addition, if any such transaction or series of related transactions involves payments in excess of $25,000 [25,000] in the aggregate, the terms of such those transactions must be disclosed in advance to each Holder. All such transactions existing as of the date hereof are set forth on Schedule 6.8.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Bio Plexus Inc)

Limitation on Related Party Transactions. (a) The Company shall not, and shall not permit any of its Subsidiaries to, enter into or be a party to any transaction with any Related Parties (other than any of the Holders an Appaloosa or their its Affiliates) except in the ordinary course of, and pursuant to the reasonable requirements of, such Related Partyparty's business and upon fair and reasonable terms that are at least equivalent to an arm's-arms length transaction with a Person that is not a Related Party. In addition, if any such transaction or series of related transactions involves payments in excess of $25,000 in the aggregate, the terms of such those transactions must be disclosed in advance to each Holder. All such transactions existing as of the date hereof are set forth on in Schedule 6.8.

Appears in 1 contract

Samples: Note Purchase Agreement (Appaloosa Management Lp)

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Limitation on Related Party Transactions. (a) The Company shall not, and shall not permit any of its Subsidiaries to, enter into or be a party to any transaction with any Related Parties (other than any of the Holders or their Affiliates) except in the ordinary course of, and pursuant to the reasonable requirements of, such Related Partyparty's business and upon fair and reasonable terms that are at least equivalent to an arm's-arms length transaction with a Person that is not a Related Party. In addition, if any such transaction or series of related transactions involves payments in excess of $25,000 [25,000] in the aggregate, the terms of such those transactions must be disclosed in advance to each Holder. All such transactions existing as of the date hereof are set forth on Schedule 6.8.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Appaloosa Management Lp)

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