Transaction With Affiliate. Except as specifically permitted by the terms of this Agreement, (including, without limitation, Section 6.8 hereof), 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 be applicable in a comparable arm's-length transaction with a Person not an Affiliate.
Appears in 2 contracts
Samples: Loan and Security Agreement (Dunn Computer Corp), Loan and Security Agreement (Template Software Inc)
Transaction With Affiliate. Except as specifically permitted by the terms of this Agreement, (including, without limitation, Section 6.8 hereof), 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 of. any service, with any Affiliate, except in the ordinary course of and pursuant to the reasonable requirements of the such Borrower's or such Subsidiary's business and upon fair and reasonable terms no less favorable to the such Borrower or such Subsidiary than would be applicable in a comparable arm's-length transaction with a Person not an Affiliate.
Appears in 1 contract
Transaction With Affiliate. Except as specifically permitted by the -------------------------- terms of this Agreement, (including, without limitation, Section Sections 6.8 and 6.10 hereof), 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 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 be applicable in a comparable arm's-length transaction with a Person not an Affiliate.
Appears in 1 contract