Common use of Transaction With Affiliate Clause in Contracts

Transaction With Affiliate. Enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, or permit any Subsidiary to enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, except in the ordinary course of and pursuant to the reasonable requirements of the Borrower’s or such Subsidiary’s business and upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary than would obtain in a comparable arm’s length transaction with a Person not an Affiliate.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Integrated Circuit Systems Inc)

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Transaction With Affiliate. Enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, or permit any Subsidiary to enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, Affiliate except in the ordinary course of and pursuant to the reasonable requirements of the Borrower’s or such Subsidiary’s 's business and upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary than would obtain in a comparable arm’s arm's-length transaction with a Person not an Affiliate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ryka Inc)

Transaction With Affiliate. Enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, or permit any Subsidiary to enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, except in the ordinary course of and pursuant to the reasonable requirements of the Borrower’s or such Subsidiary’s business of the applicable Borrower and upon fair and reasonable terms no less favorable to the such Borrower or that such Subsidiary than Borrower would obtain in a comparable arm’s length transaction with a Person person not an Affiliate.

Appears in 1 contract

Samples: Delayed Draw Term Loan Agreement (Insurance Acquisition Corp.)

Transaction With Affiliate. Enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, or permit any Subsidiary to enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, except in the ordinary course of and pursuant to the reasonable requirements of the Borrower’s business of Borrower or such Subsidiary’s business the applicable Subsidiary and upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary than that Borrower or such Subsidiary would obtain in a comparable arm’s 's length transaction with a Person not an Affiliate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hi Tech Pharmacal Co Inc)

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Transaction With Affiliate. Enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, or permit any Subsidiary to enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, except in the ordinary course of and pursuant to the reasonable requirements of the Borrower’s 's or such Subsidiary’s 's business and upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary than would obtain in a comparable arm’s arm's-length transaction with a Person not an Affiliate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Artistic Greetings Inc)

Transaction With Affiliate. Enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, or permit any Subsidiary to enter into any transaction, including, without limitation, the purchase, sale, or exchange of property or the rendering of any service, with any Affiliate, except in the ordinary course of and pursuant to the reasonable requirements of the Borrower’s 's or such Subsidiary’s 's business and upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary than would obtain in a comparable arm’s 's length transaction with a Person not an Affiliate.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Integrated Circuit Systems Inc)

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