Transactions with the Company Clause Samples
The 'Transactions with the Company' clause defines the rules and procedures governing any business dealings or agreements between the company and its directors, officers, or related parties. Typically, this clause outlines disclosure requirements, approval processes, and any restrictions to prevent conflicts of interest or self-dealing. For example, it may require that any contract between a director and the company be approved by the board or disclosed to shareholders. The core function of this clause is to ensure transparency and fairness in company transactions, thereby protecting the interests of the company and its stakeholders.
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Transactions with the Company. The Company may transact business with any Director, Member, Holder or officer or any Affiliate thereof; provided that the terms of such transactions are no less favorable than those the Company could obtain on an arm’s-length basis from unrelated third parties.
Transactions with the Company. Subject to any limitations set forth in this Agreement and with the prior approval of the Managers after full disclosure of the Member’s involvement, a Member may lend money to and transact other business with the Company. Subject to other applicable law, such Member has the same rights and obligations with respect thereto as a Person who is not a Member.
Transactions with the Company. If you, any of your associates(2), or any member of your immediate family(3) had or will have any direct or indirect material interest in any transactions(4) or series of transactions to which the Company or any of its subsidiaries was a party at any time since January 1, 2015, or in any currently proposed transactions or series of transactions in which the Company or any of its subsidiaries will be a party, in which the amount involved exceeds $120,000, please specify (a) the names of the parties to the transaction(s) and their relationship to you, (b) the nature of the interest in the transaction, (c) the amount involved in the transaction, and (d) the amount of the interest in the transaction. If the answer is “none”, please so state. Answer:
Transactions with the Company. Subject to any regulations issued by the Company, the Executive shall not be entitled to receive or obtain directly or indirectly any discount, rebate, commission or any other form of gift or gratuity (any of these referred to as a “Gratuity”) as a result of the Employment or any sale or purchase of goods or services effected or other business transacted (whether or not by him) by or on behalf of the Company or any Group Company and if he (or any person in which he is interested) obtains any Gratuity he shall account to the Company for the amount received by him (or a due proportion of the amount received by the person having regard to the extent of his interest therein).
Transactions with the Company. The Company may, in the sole discretion of the Member, contract with any Person or Manager (including the Member or any Person affiliated with the Member or in which the Member may be interested) for the performance of any services which may reasonably be required to carry on the business of the Company, and any such Person dealing with the Company, whether as an independent contractor, agent, employee, or otherwise, may receive from others or from the Company profits, compensation, commissions, or other income incident to such dealings.
Transactions with the Company. No Shareholder shall engage in any transaction with the Company that is less favourable to the Company than the terms that would be available to the Company in a comparable transaction which is conducted on the basis of arm’s-length dealings with a third party.
Transactions with the Company. Subject to any limitations set forth ----------------------------- in this Agreement and with the prior approval of the Managers, a Member may lend money to and transact other business with the Company, so long as such transaction is not expressly prohibited by this Agreement and so long as the terms and conditions of such transaction, on an overall basis, are fair and reasonable to the Company and are at least as favorable to the Company as those that are generally available from Persons capable of similarly performing them and in similar transactions between parties operating at arm's length. Subject to other applicable law, such Member has the same rights and obligations with respect thereto as a Person who is not a Member.
Transactions with the Company. Subject to any regulations issued by the Company, the Executive shall not be entitled to receive or obtain directly or indirectly any discount, rebate or commission as a result of any sale or purchase of goods or services effected or other business transacted (whether or not by him) by or on behalf of the Company or any Group Company and if he (or any person in which he is interested) obtains any discount, rebate or commission he shall account to the Company for the amount received by him (or a due proportion of the amount received by the person having regard to the extent of his interest therein).
Transactions with the Company. The Member may lend money ----------------------------- to, enter into agreements with, and transact other business with, the Company. Subject to applicable law, the Member has the same rights and obligations with respect thereto as a person who is not a Member.
Transactions with the Company. This Agreement shall not be construed in any manner to preclude any Member (or Affiliate of any Member) from (a) lending money to, (b) borrowing money from, (c) acting as a surety, guarantor or endorser for, (d) guaranteeing or assuming one or more obligations of, (e) providing collateral for or (f) transacting other businesses with, the Company or its Subsidiaries, to the extent approved by the Executive 36 32 Committee and not in violation of Section 4.3(a)(vi) or 4.5(d). Any Member performing any of the transactions set forth in this Section 5.2 with the approval of the Executive Committee (or all the Managers) to the extent required by the provisions of Section 4.3(a) hereof) shall have the same rights and obligations with respect to any such transaction as a Person who is not a Member.