Common use of Restriction on Transactions Clause in Contracts

Restriction on Transactions. where the Customer is a body corporate, enter into any transaction or agreement with any of its shareholders, subsidiaries or related or associated companies or affiliates or person, firm or company except in the ordinary course of business, on ordinary commercial terms and on the basis of arm’s length arrangements and on terms not materially less favourable to the Customer than would have been the case if such transaction had been effected with any other unrelated persons or establish any exclusive purchasing or sales agency, or enter into any transaction whereby the Customer might pay more than the ordinary commercial price for any purchase or might receive less than the full ex-works commercial price (subject to normal trade discounts) for its products;