Common use of Transactions with Associates Clause in Contracts

Transactions with Associates. The Borrower shall not, and shall not suffer or permit any Guarantor to, engage in any transaction with any Associate of the Borrower or of any Guarantor (excluding, however, transactions between the Borrower and any Guarantor or between Guarantors) on terms which are less favourable to the Borrower or Guarantor, as applicable, than would be obtainable at the time in comparable transactions with Persons who are not their Associates, without the prior written consent of the Agent, acting reasonably.

Appears in 3 contracts

Samples: Syndicated Credit Agreement (Enterra Energy Trust), Syndicated Credit Agreement (Enterra Energy Trust), Syndicated Credit Agreement (Enterra Energy Trust)

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Transactions with Associates. The Borrower shall not, and shall not suffer allow or permit any Guarantor to, engage in any transaction with any Associate of the Borrower or of any Guarantor (excluding, however, transactions between the Borrower and or any Guarantor Material Subsidiary or between Guarantorsany Material Subsidiaries) with any Associate of them on terms which are less favourable to the Borrower or Guarantor, as applicable, them than would be obtainable at the time in comparable transactions with Persons who are not their Associates, without the prior written consent of the Agent, acting reasonably.

Appears in 1 contract

Samples: Syndicated Credit Agreement (Advantage Oil & Gas Ltd.)

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