Arm’s Length Terms definition

Arm’s Length Terms means terms that are no less favorable to the Company or such Company-Controlled Affiliate than those that could have been obtained in a transaction by the Company or such Company-Controlled Affiliate with a Person that is an independent third party.

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Arm’s Length Terms means, with respect to any transaction, terms and conditions for such transaction that are no less favorable in any material respect to the Company and its Subsidiaries, taken as a whole, than those which could have been obtained in an arm’s length negotiation between informed and willing unrelated parties under no compulsion to act taking into account all the facts and circumstances then prevailing; provided, however, that notwithstanding the foregoing any terms and conditions of a transaction approved by a majority of the Class A Directors shall be deemed to be Arm’s Length Terms.

Arm’s Length Terms means prices and terms no less favourable to the seller under the relevant contract than those which would be paid and agreed to by a Third Party in an arm’s length transaction under similar circumstances.

Examples of Arm’s Length Terms in a sentence

• The decision of the arbitrator as to the Arm’s Length Terms of the Ordinary Course Related Party Transaction shall be binding on the parties.

• Taking these and any other relevant factors into account, the Parties are of the view that the terms of this Agreement reflect Arm’s Length Terms.

• Any payments for goods including any Mine Product or services acquired from or provided to an Affiliate or a Related Person shall, subject to clause 7.4, be priced as if the transaction was made on Arm’s Length Terms and shall be subject to adjustment by the Commissioner General in accordance with the Taxation Act.

• A Loan Party may participate in one or more Joint Projects with any Third Party Partner, which Joint Projects shall be entered into on formal Arm’s Length Terms for Fair Market Value.

• Any license or sublicense of IP Rights to an Excluded Subsidiary that does not comply in all respects with the prior sentence shall constitute an Extraordinary IP Rights Transaction for all purposes under this Agreement and shall include, or be deemed to include, provision for cash compensation at Fair Market Value to Borrower on Arm’s Length Terms.

More Definitions of Arm’s Length Terms

Arm’s Length Terms has the meaning set forth in Section 4.13.

Arm’s Length Terms means, in relation to transactions entered into by a Borrower Group Company, that the terms thereof are no less favourable to that Borrower Group Company than could reasonably be expected to be obtained in a comparable transaction with a person which is not an Affiliate of such Borrower Group Company;

Arm’s Length Terms means a transaction where:

Arm’s Length Terms means on terms which are fair and reasonable to the relevant member of the Group and no more or less favourable to the other party to the relevant transaction than could reasonably be expected to be obtained in a comparable transaction with a person unconnected with the Group;

Arm’s Length Terms means on terms which are no more or less favourable to the other party to the relevant transaction than could reasonably be expected to be obtained in a comparable transaction with a person unconnected with the Group;

Arm’s Length Terms means, as of any applicable time of determination, terms (taken as a whole) at least as substantially favorable to Borrower and/or any applicable Subsidiary thereof than those terms that would be obtainable in an arm’s length transaction between unaffiliated and disinterested Persons in a transaction in which neither Person is under undue pressure to complete such transaction.

Arm’s Length Terms means terms that, when taken as a whole, are substantially as favorable to the AOLTW Broadband Group as would have been obtainable in a comparable arm's length transaction with a Person that is not AOLTW or an Affiliate of AOLTW.