Common use of Transactions with Subsidiaries and Affiliates Clause in Contracts

Transactions with Subsidiaries and Affiliates. Enter into, or be a party to, any transaction with any Subsidiary or Affiliate (including, without limitation, transactions involving the purchase, sale or exchange of property, the rendering of services or the sale of stock) except in the ordinary course of business pursuant to the reasonable requirements of the Borrower and upon fair and reasonable terms no less favorable to the Borrower than Borrower would obtain in a comparable arm's-length transaction with a person other than a Subsidiary or an Affiliate.

Appears in 2 contracts

Samples: Commercial Loan Agreement (Swiss Army Brands Inc), Commercial Revolving Line of Credit Agreement (Swiss Army Brands Inc)

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Transactions with Subsidiaries and Affiliates. Enter into, or be a party to, any transaction with any Subsidiary or Affiliate (including, without limitation, transactions involving the purchase, sale or exchange of property, the rendering of services or the sale of stock) except in the ordinary course of business pursuant to the reasonable requirements of the Borrower and upon fair and reasonable terms no less favorable to the Borrower than Borrower would obtain be obtained in a comparable arm'sarm’s-length transaction with a person other than a Subsidiary or an Affiliate.

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

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Transactions with Subsidiaries and Affiliates. Enter into, or be a party to, any transaction with any Subsidiary or Affiliate (including, without limitation, transactions involving the purchase, sale or exchange of property, the rendering of or services or the sale of stock) except in the ordinary course of business pursuant to the reasonable requirements of the Borrower and upon fair and reasonable terms no less favorable to the Borrower than Borrower would obtain be obtained in a comparable arm'sarm’s-length transaction with a person Person other than a Subsidiary or an Affiliate.

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

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