Common use of Transactions with Affiliated Persons Clause in Contracts

Transactions with Affiliated Persons. The Borrower shall not pay or enter into any agreement to pay any fees, wages, salary, bonus, commission, contributions to benefit plans or any other compensation for goods or services to or for the benefit of any Person who is a director or officer of the Borrower or who has, or any of whose affiliates has, a beneficial interest in the capital stock of the Borrower, unless such compensation is not in excess of the fair market value of such services.

Transactions with Affiliated Persons. The Borrower shall not pay or enter into any agreement to pay any fees, wages, salary, bonus, commission, contributions to benefit plans or any other compensation for goods or services to or for the benefit of any Person who is a director or officer of the Borrower or who has, or any of whose affiliates has, a beneficial interest in the capital stock of the Borrower, unless such compensation is not in excess of the fair market value Fair Market Value of such services.