Subsection 7. 11(a) of the Credit Agreement is hereby amended and restated to read as follows: (a) Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliate (other than the Borrower or any Wholly Owned Subsidiary which is a party to the Subsidiary Guarantee) unless such transaction is (i) otherwise permitted under this Agreement and (ii) upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary, as the case may be, than it would obtain in a comparable arm's length transaction with a Person which is not an Affiliate."
Appears in 2 contracts
Sources: Third Omnibus Amendment Regarding Third Amended and Restated Credit Agreement (L 3 Communications Holdings Inc), 364 Day Credit Agreement (L 3 Communications Holdings Inc)