Transactions with Affiliates, Etc. The Borrower shall not:
Transactions with Affiliates, Etc. Directly or indirectly (x) purchase, acquire or lease any material property from, (y) sell, transfer or lease any material property to, or (z) permit any of its Subsidiaries to purchase, acquire or lease any material property from, or sell, transfer or lease any material property to, any Affiliate of the Canadian Borrower or any other Person not dealing at Arm’s Length with the Canadian Borrower, except for:
Transactions with Affiliates, Etc directly or indirectly (a) purchase, acquire or lease any Asset from, (b) sell, transfer or lease any Asset to, or (c) permit any of its Subsidiaries to purchase, acquire or lease any Asset from, or sell, transfer or lease any Asset to, any Affiliate of any Obligor, except for:
Transactions with Affiliates, Etc. Debtor shall not permit any ---------------------------------- transfers of property or payments to any present or former Affiliate, shareholder, officer or employee of Debtor, or the successors, assigns or transferees of such individuals or entities, except for: (i) normal salary and compensation reasonable in amount under the circumstances in accordance with past practices; (ii) purchases or sales of Inventory in the ordinary course of business and on terms not less favorable to Debtor than arms-length market terms; and (iii) payments required under bona fide written rental, franchise or other operating agreements entered into in the ordinary course of business on arms-length terms.
Transactions with Affiliates, Etc. (a) No Loan Party shall directly or indirectly enter into any transaction with, or use any asset or property of, any Affiliate of any Loan Party (including, without limitation, the lease, purchase, sale or exchange of any asset or property, any advance or loan, the provision of any services, or any allocation of administrative salaries, expenses and other general overhead), other than in the ordinary course and pursuant to the reasonable requirements of the business of any Loan Party and upon fair and reasonable terms and provisions no less favorable to any Loan Party than it would have been reasonably likely to have obtained in a comparable arm's-length transaction with a Person who is not an Affiliate of any Loan Party.
Transactions with Affiliates, Etc directly or indirectly (a) purchase, acquire or lease any Asset from, (b) sell, transfer or lease any Asset to, or (c) permit any of its Subsidiaries to purchase, acquire or lease any Asset from, or sell, transfer or lease any Asset to, any Affiliate of any Obligor, except for: 11.3.12.1 such purchases, sales, acquisitions, leases and transfers at prices and on terms not less favourable to the relevant Obligor than those which would have been obtained in a comparable Arm’s Length transaction with a Person that is not an Affiliate; 11.3.12.2 purchases, sales, acquisitions, leases and transfers between the Borrower and any of its Subsidiaries or between such Subsidiaries, provided any such Subsidiary is a Guarantor; and 11.3.12.3 transactions otherwise permitted hereunder. 11.3.13
Transactions with Affiliates, Etc. To the knowledge of the Sellers and Maxco: 16
Transactions with Affiliates, Etc. The Borrower shall not: (a) enter into or be a party to, or permit any of its Subsidiaries to enter into or be a party to, any transaction with any Affiliate of the Borrower or any such Subsidiary except (i) as otherwise expressly permitted herein or (ii) in the ordinary course of business, to the extent consistent with past practices, so long as any such transaction individually and in the aggregate with other such transactions has no reasonable likelihood of having a Material Adverse Effect; (b) enter into, or permit any of its Subsidiaries to enter into, any contract or other agreement or arrangement for employment of an executive officer other than in the ordinary course of business, or enter into, or permit any of its Subsidiaries to enter into, any contract or other obligation for the payment of management fees by the Borrower or any of its 146
Transactions with Affiliates, Etc. The Guarantor shall not:
Transactions with Affiliates, Etc. The Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, purchase, acquire, or lease any property from, or sell, transfer, or lease any property to, or otherwise enter into any transaction with, any Affiliate (other than the Borrower or any of its Subsidiaries), except: (i) transactions that are in the ordinary course of business, on an arm’s-length basis on terms and conditions no less favorable than terms and conditions that would have been obtainable from a Person other than an Affiliate; (ii) Restricted Payments permitted under Section 6.6; and (iii) the Borrower LLC Agreement and transactions expressly permitted by the Borrower LLC Agreement.
