Common use of Transactions with Affiliates and Insiders Clause in Contracts

Transactions with Affiliates and Insiders. No Credit Party shall, nor shall they permit any Subsidiary to, directly or indirectly, enter into any transaction of any kind with any officer, director or Affiliate of the Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to such Credit Party or Subsidiary as would be obtainable by such Credit Party or Subsidiary at the time in a comparable arm’s length transaction with a Person other than a director, officer or Affiliate; provided, that the foregoing restriction shall not apply to transactions between or among the Credit Parties.

Appears in 10 contracts

Samples: Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc)

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Transactions with Affiliates and Insiders. No Credit Party shall, nor shall they permit any Subsidiary to, directly or indirectly, enter into any transaction of any kind with any officer, director or Affiliate of the BorrowerParent, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to such Credit Party or Subsidiary as would be obtainable by such Credit Party or Subsidiary at the time in a comparable arm’s length transaction with a Person other than a director, officer or Affiliate; provided, that the foregoing restriction shall not apply to transactions between or among the Credit Parties.

Appears in 9 contracts

Samples: Credit Agreement (American Healthcare REIT, Inc.), Credit Agreement (Griffin-American Healthcare REIT III, Inc.), Credit Agreement (Griffin-American Healthcare REIT IV, Inc.)

Transactions with Affiliates and Insiders. No Credit Party shall, nor shall they permit any Subsidiary to, directly or indirectly, enter into any transaction of any kind with any officer, director or Affiliate of the Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to such Credit Party or Subsidiary as would be obtainable by such Credit Party or Subsidiary at the time in a comparable arm’s length transaction with a Person other than a director, officer or Affiliate; provided, that the foregoing restriction shall not apply to transactions between or among the Credit PartiesParties and/or between or among the Wholly Owned Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc)

Transactions with Affiliates and Insiders. No Except as permitted pursuant to Section 7.04(b)(ii) hereof, no Credit Party shall, nor shall they permit any Subsidiary to, directly or indirectlyat any time, enter into any transaction of any kind with any officer, director or Affiliate of the Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to such Credit Party or Subsidiary Person as would be obtainable by such Credit Party or Subsidiary Person at the time in a comparable arm’s length transaction with a Person other than a director, officer or an Affiliate; provided, that the foregoing restriction shall not apply to transactions between or among the Credit Parties.

Appears in 2 contracts

Samples: Credit Agreement (Sabra Health Care REIT, Inc.), Credit Agreement (Sabra Health Care REIT, Inc.)

Transactions with Affiliates and Insiders. No Credit Party shall, nor shall they permit any Subsidiary to, directly or indirectly, enter into any transaction of any kind with any officer, director or Affiliate of the BorrowerParent, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to such Credit Party or Subsidiary as would be obtainable by such Credit Party or Subsidiary at the time in a comparable arm’s length transaction with a Person other than a director, officer or Affiliate; provided, that the foregoing restriction shall not apply to transactions between or among the Credit Parties.. 7.08

Appears in 1 contract

Samples: Credit Agreement (American Healthcare REIT, Inc.)

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Transactions with Affiliates and Insiders. No Credit Party shall, nor shall they it permit any Subsidiary of its Subsidiaries to, directly or indirectly, enter into any transaction of any kind with any officer, director or Affiliate of the Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to such Credit Party or Subsidiary as would be obtainable by such of a Credit Party or Subsidiary at the time in a comparable arm’s length transaction with a Person other than a any officer, director, officer partner, member or Affiliate; provided, Affiliate thereof unless the terms of that the foregoing restriction shall not apply transaction are no less favorable to transactions between or among the Credit Partiesit than those that would be obtained on an arms-length basis.

Appears in 1 contract

Samples: Credit Agreement

Transactions with Affiliates and Insiders. No Except as permitted pursuant to Section 7.04(b)(ii) hereof, no Credit Party shall, nor shall they permit any Subsidiary to, directly or indirectlyat any time, enter into any transaction of any kind with any officer, director or Affiliate of the BorrowerBorrowers, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to such Credit Party or Subsidiary Person as would be obtainable by such Credit Party or Subsidiary Person at the time in a comparable arm’s length transaction with a Person other than a director, officer or an Affiliate; provided, that the foregoing restriction shall not apply to transactions between or among the Credit Parties.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Transactions with Affiliates and Insiders. No Except as permitted pursuant to Section 7.04(b)(ii) and Section 7.06, no Credit Party shall, nor shall they permit any Subsidiary to, directly or indirectlyat any time, enter into any transaction of any kind with any officer, director or Affiliate of the Borrowerany such Person, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to such Credit Party or Subsidiary Person as would be obtainable by such Credit Party or Subsidiary Person at the time in a comparable arm’s length transaction with a Person other than a director, officer or an Affiliate; provided, however, that the foregoing restriction restrictions shall not apply to transactions between or transaction solely by and among the Credit Parties.

Appears in 1 contract

Samples: Credit Agreement (Aviv Healthcare Properties L.P.)

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