Common use of Restriction on Non-Arm’s Length Transactions Clause in Contracts

Restriction on Non-Arm’s Length Transactions. Neither the Borrower nor the other Restricted Parties shall, nor shall any of them permit any of their Subsidiaries to, enter into any transaction or agreement with any Person (other than another Obligor) which is not at Arm's Length with the Hudbay Group unless such transaction or agreement is entered into in the Ordinary Course and such transaction or agreement is on terms no less favourable to the applicable Hudbay Group Member as would be obtainable in a comparable transaction with a Person which is at Arm's Length with the applicable Hudbay Group Member.

Appears in 9 contracts

Samples: Credit Agreement (Hudbay Minerals Inc.), Credit Agreement (Hudbay Minerals Inc.), Amending Agreement (Hudbay Minerals Inc.)

AutoNDA by SimpleDocs

Restriction on Non-Arm’s Length Transactions. Neither the Borrower Borrowers nor the other Restricted Parties shallParties, shall nor shall any of them permit any of their Subsidiaries to, to enter into any transaction or agreement with any Person (other than another Obligor) which is not at Arm's ’s Length with the Hudbay HudBay Group unless such transaction or agreement is entered into in the Ordinary Course and such transaction or agreement is on terms no less favourable to the applicable Hudbay HudBay Group Member as would be obtainable in a comparable transaction with a Person which is at Arm's ’s Length with the applicable Hudbay HudBay Group Member.

Appears in 1 contract

Samples: Credit Facility Agreement (HudBay Minerals Inc.)

Restriction on Non-Arm’s Length Transactions. Neither the Borrower Borrowers nor the other Restricted Parties shall, nor shall any of them permit any of their Subsidiaries to, enter into any transaction or agreement with any Person (other than another Obligor) which is not at Arm's Length with the Hudbay Group unless such transaction or agreement is entered into in the Ordinary Course and such transaction or agreement is on terms no less favourable to the applicable Hudbay Group Member as would be obtainable in a comparable transaction with a Person which is at Arm's Length with the applicable Hudbay Group Member.

Appears in 1 contract

Samples: Credit Facility Agreement (HudBay Minerals Inc.)

Restriction on Non-Arm’s Length Transactions. Neither the Borrower Borrowers nor the other Restricted Parties shall, nor shall any of them permit any of their Subsidiaries to, enter into any transaction or agreement with any Person (other than another Obligor) which is not at Arm's ’s Length with the Hudbay HudBay Group unless such transaction or agreement is entered into in the Ordinary Course and such transaction or agreement is on terms no less favourable to the applicable Hudbay HudBay Group Member as would be obtainable in a comparable transaction with a Person which is at Arm's ’s Length with the applicable Hudbay HudBay Group Member.

Appears in 1 contract

Samples: Credit Facility Agreement (HudBay Minerals Inc.)

AutoNDA by SimpleDocs

Restriction on Non-Arm’s Length Transactions. Neither the Borrower Borrowers nor the other Restricted Parties shall, nor shall any of them permit any of their Subsidiaries to, enter into any transaction or agreement with any Person (other than another Obligor) which is not at Arm's ’s Length with the Hudbay Group unless such transaction or agreement is entered into in the Ordinary Course and such transaction or agreement is on terms no less favourable to the applicable Hudbay Group Member as would be obtainable in a comparable transaction with a Person which is at Arm's ’s Length with the applicable Hudbay Group Member.

Appears in 1 contract

Samples: Credit Facility Agreement (HudBay Minerals Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!