Common use of Transaction with Affiliates Clause in Contracts

Transaction with Affiliates. Enter into, or be a party to, any transaction with any of Borrower's Affiliates, except in the ordinary course of business, pursuant to the reasonable requirements of Borrower's business, and upon fair and reasonable terms which are fully disclosed to Bank and are no less favorable to Borrower than Borrower could obtain in a comparable arm's length transaction with a person not an Affiliate of Borrower.

Appears in 3 contracts

Samples: Loan and Security Agreement (Cable Link Inc), Loan and Security Agreement (Moto Photo Inc), Loan and Security Agreement (Take Two Interactive Software Inc)

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Transaction with Affiliates. Enter into, or be a party to, any --------------------------- transaction with any of Borrower's Affiliates, except in the ordinary course of business, business and pursuant to the reasonable requirements of Borrower's business, and upon fair and reasonable terms which are fully disclosed to Bank Lender and are no less favorable to Borrower than Borrower could obtain in a comparable arm's length transaction with a person not an Affiliate of Borrower.

Appears in 1 contract

Samples: Investment and Loan Agreement (Medicore Inc)

Transaction with Affiliates. Enter into, or be a party to, any transaction with any of Borrower's Borrowers' Affiliates, except in the ordinary course of business, pursuant to the reasonable requirements of Borrower's Borrowers' business, and upon fair and reasonable terms which are fully disclosed to Bank and are no less favorable to such Borrower than such Borrower could obtain in a comparable arm's length transaction with a person not an Affiliate of such Borrower.

Appears in 1 contract

Samples: Workout Agreement (Quality Products Inc)

Transaction with Affiliates. Enter into, or be a party to, any --------------------------- transaction with any of Borrower's Affiliates, except in the ordinary course of business, business and pursuant to the reasonable requirements of Borrower's business, and upon fair and reasonable terms which are fully disclosed to Bank and are no less favorable to Borrower than Borrower could obtain in a comparable arm's length transaction with a person not an Affiliate of Borrower.

Appears in 1 contract

Samples: Asset Based Loan and Security Agreement (Techdyne Inc)

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Transaction with Affiliates. Enter into, or be a party to, any transaction with any Affiliate of Borrower's Affiliates, Borrower except in the ordinary course of business, pursuant to the reasonable requirements of Borrower's business, the business of Borrower and upon fair and reasonable terms which are fully disclosed to Bank and are no less favorable to Borrower than Borrower could obtain in a comparable arm's length transaction with a person not an Affiliate of a Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Littlefield Adams & Co)

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