Transactions with affiliated companies. The Borrower may not enter into any material transaction with any Affiliate of it unless it is either (i) to comply with any obligations the Borrower may have under the Finance Documents or (ii) on an arm’s length basis or on terms reasonably consistent with and having a substantially similar commercial effect to an arm’s length transaction.
Appears in 4 contracts
Samples: Credit Facility Agreement, Reducing Revolving Credit Facility (Seaspan CORP), Credit Facility Agreement (Seaspan CORP)
Transactions with affiliated companies. The Borrower may not enter into any material transaction with any Affiliate of it unless it is either (ia) to comply with any obligations the Borrower may have under the Finance Documents or (iib) on an arm’s length basis or on terms reasonably consistent with and having a substantially similar commercial effect to an arm’s length transaction.
Appears in 2 contracts
Samples: Credit Facility Agreement (Seaspan CORP), Credit Facility Agreement (Seaspan CORP)
Transactions with affiliated companies. The No Borrower may not enter into any material transaction with any Affiliate of it unless it is either (i) to comply with any obligations the that Borrower may have under the Finance Documents or (ii) on an arm’s 's length basis or on terms reasonably consistent with and having a substantially similar commercial effect to an arm’s 's length transaction.
Appears in 1 contract
Samples: Credit Facility Agreement (Global Ship Lease, Inc.)
