Affiliate Transactions. Enter into or be party to any transaction with an Affiliate, except # transactions expressly permitted by the Loan Documents; # payment of reasonable compensation to officers and employees for services actually rendered, and payment of customary directors’ fees and indemnities; # the Management Agreements; provided that the aggregate development fees payable to Developer thereunder shall not exceed ​ per annum and shall be payable monthly; # transactions with Affiliates consummated prior to the Closing Date, as shown on [Schedule 10.2.15]; # MEPCAs and the transactions contemplated thereby; or # transactions with Affiliates upon fair and reasonable terms (and, to the extent material, pursuant to written agreements) no less favorable than would be obtained in a comparable arm’s‑length transaction with a non-Affiliate.

Affiliate Transactions. Enter into or be party to any transaction with an Affiliate, except # transactions expressly permitted by the Loan Documents; # payment of reasonable compensation to officers and employees for services actually rendered, and payment of customary directors’ fees and indemnities; # transactions solely among Borrowers; # transactions with Affiliates consummated prior to the Closing Date, as shown on [Schedule 10.2.17] to the Disclosure Letter; and # transactions with Affiliates in the Ordinary Course of Business, upon fair and reasonable terms no less favorable than would be obtained in a comparable arm’s-length transaction with a non-Affiliate.

Affiliate Transactions. Enter into or be party to any transaction or agreement with an Affiliate, except # transactions expressly permitted by the Loan Documents; # payment of reasonable compensation to officers and employees for services actually rendered, and payment of customary directors’ fees and indemnities; # indemnities provided for the benefit of directors (or comparable managers) of an Obligor so long as such indemnity has been approved by the board of directors of such Obligor in accordance with Applicable Law; # transactions solely among Borrowers; # transactions with Affiliates consummated prior to the Closing Date, as shown on [Schedule 10.2.17] of the Disclosure Schedule; and # transactions with Affiliates upon fair and reasonable terms fully disclosed to Agent and no less favorable than would be obtained in a comparable arm’s-length transaction with a non-Affiliate.

Affiliate Transactions. Enter into or be party to any transaction with an Affiliate, except # transactions expressly permitted by the Loan Documents; # employment, severance, and other similar compensation arrangements (including equity incentive plans and employee benefit plans and arrangements) with their respective directors, officers, and employees in the Ordinary Course of Business; # payment of customary fees and reasonable out of pocket costs to, and indemnities for the benefit of, directors, officers and employees of the Borrowers and their Subsidiaries in the Ordinary Course of Business to the extent attributable to the ownership or operation of the Borrowers and their Subsidiaries; # transactions solely among Obligors and their Subsidiaries to the extent not otherwise prohibited under this Agreement; # transactions with Affiliates consummated prior to the Closing Date, as shown on [Schedule 10.2.17]; and # transactions with Affiliates in the Ordinary Course of Business, upon fair and reasonable terms and no less favorable than would be obtained in a comparable arm’s-length transaction with a non-Affiliate.