Restrictions on Transactions with Affiliates. Apart from transactions the terms of which are expressly contemplated or approved by this Agreement, the General Partner and its Affiliates shall not engage in any transaction (including any contract for services) with the Partnership or any Portfolio Company unless the terms of the transaction are on an arm’s- length basis and on terms which are no less favorable to the Partnership or such Portfolio Company than would be obtained in a transaction with an unaffiliated party; provided that the terms of any transaction approved by the Advisory Committee shall be deemed to be on an arm’s-length basis.
Appears in 2 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement