Common use of Limitation on Transactions with Shareholders and Affiliates Clause in Contracts

Limitation on Transactions with Shareholders and Affiliates. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into, renew or extend any transaction or arrangement including the purchase, sale, lease or exchange of property or assets, or the rendering of any service with (x) any of its shareholders holding 10% or more of any class of Capital Stock of the Company or (y) any Affiliate of the Company or any Restricted Subsidiary (a “Related Party Transaction”), except upon terms no less favorable to the Company or the Restricted Subsidiary than could be obtained in a comparable arm’s-length transaction with a Person that is not an Affiliate of the Company.

Appears in 2 contracts

Samples: Indenture (Cosan Ltd.), Indenture (Cosan Ltd.)

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Limitation on Transactions with Shareholders and Affiliates. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into, renew or extend any transaction or arrangement including (including, without limitation, the purchase, sale, lease or exchange of property or assets, or the rendering of any service service) involving aggregate consideration in excess of $2 million with any holder (xor any Affiliate of such holder) any of its shareholders holding 105% or more of any class of Capital Stock of the Company or (y) any Subsidiary of the Company or with any Affiliate of the Company or any Restricted Subsidiary (a “Related Party Transaction”)Company, except upon fair and reasonable terms no less favorable to the Company or the such Restricted Subsidiary than could be obtained in a comparable arm’s-arm's - length transaction with a Person that is not such a holder or an Affiliate of the Company.Affiliate. The foregoing limitation does not limit, and shall not apply to:

Appears in 1 contract

Samples: Indenture (Nutritional Sourcing Corp)

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Limitation on Transactions with Shareholders and Affiliates. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into, renew or extend any transaction or arrangement including (including, without limitation, the purchase, sale, lease or exchange of property or assetsProperty, or the rendering of any service service) with (x) any holder, or any Affiliate of its shareholders holding 10any holder, of 5% or more of any class of Capital Stock of the Company or (y) any Affiliate of the Company or any Restricted Subsidiary (a “Related Party Transaction”), except upon fair and reasonable terms no less favorable to the Company or the Restricted Subsidiary than could be obtained in a comparable arm’s-length transaction with a Person that is not an Affiliate of the Company.

Appears in 1 contract

Samples: Indenture (Cosan Ltd.)

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