RGC » Topics » 6.10 Limitations on Transactions with Affiliates

This excerpt taken from the RGC 8-K filed Oct 30, 2006.
6.10        Limitations on Transactions with Affiliates.  Enter into any transaction, including any purchase, sale, lease or exchange of Property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than Borrower or any Guarantor) unless such transaction is (a) otherwise permitted under this Agreement, (b) in the ordinary course of business of Borrower or such Restricted Subsidiary, as the case may be (it being understood that Permitted Acquisitions shall be deemed to be in the ordinary course of business), and (c) on fair and reasonable terms no less favorable to Borrower or such Restricted Subsidiary, as the case may be, than it would obtain in a comparable arm’s length transaction with a Person that is not an Affiliate.  Notwithstanding the foregoing, this Section 6.10 shall not prevent (x) Borrower or its Restricted Subsidiaries from (i) making Restricted Payments permitted under Section 6.6, or (ii) making Investments permitted by Sections 6.8(g), 6.8(i), 6.8(j) (with respect to Unrestricted Subsidiaries or Foreign Subsidiaries), 6.8(m) and 6.8(n), or (y) the issuance of Capital Stock by Borrower to Holdings.

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