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

Restriction on Non-Arm’s Length Transactions. The Borrowers shall not, and shall not permit any Restricted Subsidiary to, enter into any transaction or agreement with any Person which is not at Arm’s Length with the Borrowers or such Restricted Subsidiary (other than other Borrowers, Restricted Subsidiaries or Unrestricted Subsidiaries) unless, (i) such transaction or agreement is in the ordinary course of business and is on terms no less favourable to the Borrowers or such Restricted Subsidiary as would be obtainable in a comparable transaction with a Person which is at Arm’s Length with the Borrower or such Restricted Subsidiary, and (ii) such transaction or agreement complies with the terms of Section 9.2(c).

Appears in 5 contracts

Samples: Credit Agreement (Celestica Inc), Revolving Term Credit Agreement (Celestica Inc), Revolving Term Credit Agreement (Celestica Inc)

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Restriction on Non-Arm’s Length Transactions. The Borrowers shall not, and shall not permit any Restricted Subsidiary to, enter into any transaction or agreement with any Person which is not at Arm’s 's Length with the Borrowers or such Restricted Subsidiary (other than other Borrowers, Restricted Subsidiaries or Unrestricted Subsidiaries) unless, (i) such transaction or agreement is in the ordinary course of business and is on terms no less favourable to the Borrowers or such Restricted Subsidiary as would be obtainable in a comparable transaction with a Person which is at Arm’s 's Length with the Borrower or such Restricted Subsidiary, and (ii) such transaction or agreement complies with the terms of Section 9.2(c).

Appears in 3 contracts

Samples: Revolving Term Credit Agreement (Celestica Inc), Revolving Term Credit Agreement (Celestica Inc), Credit Agreement (Celestica Inc)

Restriction on Non-Arm’s Length Transactions. The Borrowers shall not, and shall not permit any Restricted Subsidiary to, enter into any transaction or agreement with any Person which is not at Arm’s 's Length with the Borrowers or such Restricted Subsidiary (other than other Borrowers, Restricted Subsidiaries or Unrestricted Subsidiaries) unless, (i) such transaction or agreement is in the ordinary course of business and is on terms no less favourable to the Borrowers or such Restricted Subsidiary as would be obtainable in a comparable transaction with a Person which is at Arm’s 's Length with the Borrower or such Restricted Subsidiary, and (ii) such transaction or agreement complies with the terms of Section 9.2(c7.2(c).. -58-

Appears in 1 contract

Samples: Four Year Revolving Term Credit Agreement (Celestica Inc)

Restriction on Non-Arm’s Length Transactions. The Borrowers shall not, and shall not permit any Restricted Subsidiary to, enter into any transaction or agreement with any Person which is not at Arm’s 's Length with the Borrowers or -80- such Restricted Subsidiary (other than other Borrowers, Restricted Subsidiaries or Unrestricted Subsidiaries) unless, (i) such transaction or agreement is in the ordinary course of business and is on terms no less favourable to the Borrowers or such Restricted Subsidiary as would be obtainable in a comparable transaction with a Person which is at Arm’s 's Length with the Borrower or such Restricted Subsidiary, and (ii) such transaction or agreement complies with the terms of Section 9.2(c).

Appears in 1 contract

Samples: Revolving Term Credit Agreement (Celestica Inc)

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Restriction on Non-Arm’s Length Transactions. The Borrowers shall not, and shall not permit any Restricted Subsidiary to, enter into any transaction or agreement with any Person which is not at Arm’s 's Length with the Borrowers or such Restricted Subsidiary (other than other Borrowers, Restricted Subsidiaries or Unrestricted Subsidiaries) unless, (i) such transaction or agreement is in the ordinary course of business and is on terms no less favourable to the Borrowers or such Restricted Subsidiary as would be obtainable in a comparable transaction with a Person which is at Arm’s 's Length with the Borrower or such Restricted Subsidiary, and (ii) such transaction or agreement complies with the terms of Section 9.2(c7.2(c).

Appears in 1 contract

Samples: Revolving Term Credit Agreement (Celestica Inc)

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