Related Party Transaction definition
Examples of Related Party Transaction in a sentence
Except as set forth on Schedule 4.21, each Related Party Transaction is on terms and conditions that are no less favorable to the applicable Acquired Company (or its Affiliate, as applicable) than those that would have been obtained in a comparable arm’s-length transaction by such Acquired Company (or its Affiliate, as applicable) with a bona fide third party.
At or prior to Closing, other than with respect to the Contracts set forth on Schedule 6.10, Sellers shall cause all Contracts (whether written or oral) with respect to any Related Party Transaction to be terminated and of no further force and effect after the Closing and with no further Liabilities on the part of any party thereto (including the Acquired Companies and with respect to Taxes).
Other than any Related Party Transaction, no Seller or its Affiliates is a party to any Contract that relates to the Business.