Common use of Transactions with Certain Affiliates Clause in Contracts

Transactions with Certain Affiliates. Except as expressly permitted by this Agreement (other than Section 7.01.A hereof which shall not be considered authority for a transaction that otherwise would be prohibited by this Section 7.06.A), the Partnership shall not, directly or indirectly, sell, transfer or convey any property to, or purchase any property from, or borrow funds from, or lend funds to, any Partner or any Affiliate of the Partnership or the General Partner that is not also a Subsidiary of the Partnership, except pursuant to transactions that are on terms that (i) with respect to dispositions, are fair and reasonable to the Partnership, (ii) with respect to acquisitions, are competitive and commercially reasonable to the Partnership and at a price no greater than the cost of the property, and (iii) with respect to loans, are as fair, competitive and commercially reasonable and no less favorable to the Partnership than comparable loans between unaffiliated third parties.

Transactions with Certain Affiliates. Except as expressly permitted by this Agreement (other than Section 7.01.A 7.01(a) hereof which shall not be considered authority for a transaction that otherwise would be prohibited by this Section 7.06.A7.06(a)), the Partnership shall not, directly or indirectly, sell, transfer or convey any property to, or purchase any property from, or borrow funds from, or lend funds to, any Partner or any Affiliate of the Partnership or the General Partner that is not also a Subsidiary of the Partnership, except pursuant to transactions that are on terms that (i) with respect to dispositions, are fair and reasonable to the Partnership, (ii) with respect to acquisitions, are competitive and commercially reasonable to the Partnership and at a price no greater than the cost of the property, and (iii) with respect to loans, are as fair, competitive and commercially reasonable and no less favorable to the Partnership than comparable loans between unaffiliated third parties.