Arms length transactions definition
Arms length transactions means transaction between two related parties that is conducted as if they were unrelated, so that there is no conflict of interest.
Arms length transactions means the transactions carried out between the Related Parties as if they are not related to each other avoiding the 'Conflict of Interest'. The transactions carried on between the Company and the Related Party on similar terms and conditions as of unrelated party, including the price, and such price charged for the transactions to a Related Party has in no case been influenced by the relationship. For determining Arm's Length basis, guidance may be taken from the transfer pricing provisions under the Income Tax Act, 1961.
Arms length transactions means the transactions carried out between the Related Parties as if they are not related to each other avoiding the 'Conflict of Interest'.
Examples of Arms length transactions in a sentence
Arms' length transactions or LICENSEE sells Products to any of its affiliates or to itself.
Nothing in this Clause 20 (Arm's length transactions) purports to exclude any obligations and duties imposed on a Dealer by the regulatory system (as defined in the Central Bank of Ireland Prospectus Handbook).
More Definitions of Arms length transactions
Arms length transactions means transactions between two related parties that are conducted as if they were unrelated, so that there is no conflict of interest.
Arms length transactions has the meaning given to such term in Article 11.7;
Arms length transactions means sales to purchasers independent of the seller, which do not involve Crude Oil exchange or barter transactions, government to government transaction, sales directly or indirectly to Affiliates, or sales involving consideration other than payment in United States Dollars or currencies convertible thereto, or affected in whole or in part by considerations other than the usual economic incentives for commercial arm’s length Crude Oil sales;
Arms length transactions means the transaction carried on between the Company and the Related Party on similar terms and conditions with unrelated party, including the price, and such price charged for the transactions to a Related Party has in no case been influenced by the relationship.