Common use of Transaction Terms Clause in Contracts

Transaction Terms. The Obligors will ensure that all transactions, Charterparties and other agreements, including but not limited to agreements made with companies affiliated to the Borrower, shall be on a commercial basis and done on an arms-length-basis.

Appears in 2 contracts

Samples: Facility Agreement (Nordic American Offshore Ltd.), Facility Agreement (Nordic American Offshore Ltd.)

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Transaction Terms. The Obligors will ensure that all transactions, Charterparties and other agreements, including but not limited to agreements made with companies affiliated to the BorrowerObligors, shall be on a commercial basis and done on an arms-length-basis.

Appears in 2 contracts

Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.)

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