Interested Party Transaction definition
Examples of Interested Party Transaction in a sentence
Provided that any Interested Party Transaction is approved by Supermajority Vote as specified in Section 4.4(p) hereof, each of the Shareholders acknowledges and agrees that the Company may enter into agreements or engage in material transactions with the Shareholders or their respective Affiliates.
Each Interested Party Transaction that is an arrangement to make a loan to the applicable Related Party, or is a deposit or other investment by the applicable Related Party, was an arms’-length transaction approved pursuant to the normal underwriting standards, and substantially upon the normal commercial terms and conditions, that are applicable for comparable transactions to ▇▇▇▇▇▇’▇ unaffiliated customers.
The Shareholders agree that NewCo may negotiate and enter into agreements with, and otherwise deal with, a Shareholder or its Affiliate (each, an "Interested Party Transaction").
The Shareholders agree that (a) the involvement of the interested party in the Interested Party Transaction shall not be, and shall not be deemed to be, a conflict of interest vis-à-vis such Shareholder's participation in the business and management of NewCo, and (b) the participation of the interested party, with respect to NewCo's negotiation, execution and performance of such Interested Party Transaction, shall not be prohibited or otherwise hindered by virtue of its interest in such transaction.
Each Interested Party Transaction that is an arrangement to make a loan to the applicable Related Party, or is a deposit or other investment by the applicable Related Party, was an arms'-length transaction approved pursuant to the normal underwriting standards, and upon the normal commercial terms and conditions, that are applicable to ESLBI's unaffiliated customers.