Common use of Transactions with Related Party Clause in Contracts

Transactions with Related Party. The Companies agree that they will not and will not permit any Subsidiary to effect any transaction with any Affiliate or Subsidiary by which any asset or services of a Company or a Subsidiary is transferred to such Affiliate or Subsidiary, or from such Affiliate or Subsidiary or enter into any other transaction with an Affiliate or Subsidiary, on terms less favorable to such Company or such Subsidiary than would be reasonably expected to be given in a similar transaction with an unrelated entity. The foregoing restrictions shall not apply to transactions between the Company and a Subsidiary or a Subsidiary and another Subsidiary.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Tidewater Inc), Credit and Term Loan Agreement (Tidewater Inc), Credit and Term Loan Agreement (Tidewater Inc)

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Transactions with Related Party. The Companies agree that they will not Company shall not, and will shall not permit any Subsidiary to, effect or permit to effect exist any transaction with any Affiliate or Subsidiary by which any asset or services of a the Company or a Subsidiary is transferred to such Affiliate or SubsidiaryAffiliate, or from such Affiliate or Subsidiary or enter into any other transaction with an Affiliate or Subsidiary, on terms no less favorable to such the Company or such Subsidiary than would be reasonably expected to be given in a similar transaction with an unrelated entity. The foregoing restrictions shall not apply to transactions between the Company and a Subsidiary or a Subsidiary and another Subsidiary.

Appears in 1 contract

Samples: Note Purchase Agreement (Hughes Supply Inc)

Transactions with Related Party. The Companies agree Company agrees that they it will not not, and will not permit any Subsidiary to effect any transaction with any Affiliate or Subsidiary by which any asset or services of a Company or a Subsidiary is transferred to such Affiliate or Subsidiary, or from such Affiliate or Subsidiary or enter into any other transaction with an Affiliate or Subsidiary, on terms less favorable to such Company or such Subsidiary than would be reasonably expected to be given in a similar transaction with an unrelated entity. The foregoing restrictions shall not apply to transactions between the Company and a Subsidiary or a Subsidiary and another Subsidiary.

Appears in 1 contract

Samples: Term Loan Agreement (Tidewater Inc)

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Transactions with Related Party. The Companies agree that they will ------------------------------- not and will not permit any Subsidiary to effect any transaction with any Affiliate or Subsidiary by which any asset or services of a Company or a Subsidiary is transferred to such Affiliate or Subsidiary, or from such Affiliate or Subsidiary or enter into any other transaction with an Affiliate or Subsidiary, on terms less favorable to such Company or such Subsidiary than would be reasonably expected to be given in a similar transaction with an unrelated entity. The foregoing restrictions shall not apply to transactions between the Company and a Subsidiary or a Subsidiary and another Subsidiary.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Tidewater Inc)

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