Party Transactions Sample Clauses
The Party Transactions clause defines the rules and procedures governing transactions conducted between the parties to the agreement. It typically outlines the types of transactions permitted, the process for initiating and documenting such transactions, and any limitations or requirements that must be met, such as approvals or compliance with specific standards. By establishing clear guidelines for how parties may transact with each other, this clause helps prevent misunderstandings and disputes, ensuring that all transactions are conducted transparently and in accordance with agreed-upon terms.
Party Transactions. Except for transactions permitted pursuant to Sections 7.8 and 7.10, no Loan Party shall enter into any transactions with any Affiliate or other non-arm’s-length parties (other than other Loan Parties) unless such transaction is for the sale of goods or services in the ordinary course of business upon fair and reasonable terms, no less favorable to such Loan Party than such Loan Party could obtain in a comparable arms-length transaction with an unrelated third party and no Event of Default shall have occurred and remain outstanding at the time such transaction occurs, or would occur immediately after giving effect to such transaction’s arm’s length commercial terms.
Party Transactions. Except as set forth in Schedule 3.27, there are no transactions or series of related transactions, agreements, arrangements or understandings, nor are there any currently proposed transactions or series of related transactions, between Susquehanna or any of the Susquehanna Subsidiaries, on the one hand, and any current director or “executive officer” (as defined in Rule 3b-7 under the Exchange Act) of Susquehanna or any of the Susquehanna Subsidiaries or any person who beneficially owns (as defined in Rules 13d-3 and 13d-5 of the Exchange Act) five percent (5%) or more of the outstanding Susquehanna Common Stock (or any of such person’s immediate family members or Affiliates) (other than Susquehanna Subsidiaries) on the other hand, of the type that would be required to be reported in any SEC Report to which Susquehanna would be subject (if Susquehanna would be subject thereto) pursuant to Item 404 of Regulation S-K promulgated under the Exchange Act (a “Related Party Transaction”).
Party Transactions. There are no business relationships or related-party transactions involving the Company, its Subsidiaries or any other Person required by the Securities Act to be described in the Company SEC Documents that have not been described as required.
Party Transactions. No employee, officer or director of BOTH or member of his or her immediate family is indebted to BOTH, nor is BOTH indebted (or committed to make loans or extend or guarantee credit) to any of them (other than for accrued but unpaid salary, bonus or travel expenses incurred in the ordinary course of business and consistent with past practice). Except as set forth on Section 3.25 of the BOTH Disclosure Schedule, none of such persons has any direct or indirect ownership interest in any firm or corporation with which BOTH is affiliated or with which BOTH has a business relationship. Except as set forth on Section 3.25 of the BOTH Disclosure Schedule, no member of the immediate family of any officer or director of BOTH is directly interested in any Contract with BOTH.
Party Transactions. Except as set forth in Section 3.30 of the Disclosure Schedules:
(a) The Corporation is not in a debtor-creditor relationship with any officer, director, employee, trustee or shareholder or any Person with whom the Corporation is not dealing at arm’s length or any Affiliate or spouse of any of the foregoing (each, a “Related Person”).
(b) No Related Person: (i) possesses, directly or indirectly, any financial interest in, or is a director, officer or employee of, any competitor or supplier, dealer, lessor or lessee of the Corporation; or (ii) has any interest in any assets used or held for use by the Corporation.