Business Operation Clause Samples
The Business Operation clause defines the requirements and standards for how a party must conduct its business activities during the term of an agreement. Typically, this clause obligates a party to operate in the ordinary course of business, maintain necessary licenses, and comply with applicable laws and regulations. For example, it may require a company to continue its usual operations, avoid significant changes without consent, or uphold certain performance standards. The core function of this clause is to ensure stability and predictability in business practices, thereby protecting the interests of the other party and minimizing operational risks during the contractual relationship.
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Business Operation. The Consignee shall maintain the exclusive right to determine the business operation and management of its premises. The Consignor shall have no liability or responsibility for the operation and management of the Consignee’s business, employees, staff, officers or agents or any torts or other causes of action that may result from daily operation of business, and the Consignee agrees to defend, indemnity and hold harmless the Consignor for same.
Business Operation. 1.1 The Company hereby acknowledges and agrees that if any performance guarnatee or current fund loan security is required in the course of the business operation of the Company or its subsidiaries (including any private school sponsored by the Company or its subsidiaries as the sponsor, same below), the Company shall first notify the WFOE in writing to seek the security to be provided by the WFOE. In such case, the WFOE has the right but not the obligation to decide, at its own discretion, whether to provide the security for the Company or its subsidiaries. If the WFOE is not willing to provide the security for the Company or its subsidaries, or fails to reply within fifteen (15) days from the receipt of the Company’s written notice to seek the security, the Company or its subsidiaries may seek the security from a third party. If the WFOE agrees to provide the security to the Company or its subsidiaries, the WFOE may requrie the Company or its subsidiaries to provide relevant counter guarantee and create a pledge or mortgage over its receivables or other assets in its business operation in favor of the WFOE.
1.2 Unless the WFOE’s prior written consent has been obained, the Company shall not, and the Shareholders shall not cause or permit the Company or its subsidiaries to:
(a) adopt or revise any business plan or budget;
(b) conduct any business or enter into any transaction outside its normal business scope or beyond its business plan or budget;
(c) establish any borrowing-lending relationship or other debtor-creditor relationship with a third party (other than the debtor-creditor relationship established in the course of daily business operation), or make any equity investment in any third party, or open any new private school or teaching institution (other than the private schools or teaching institutions which are in the course of opening as of the date of this Agreement);
(d) distribute any profits or pay other amounts to its shareholders or sponsors;
(e) appoint, remove or replace any director, supervisor or senior management member;
(f) approve or amend any call option plan or any arrangement related to the equity interests of the Company;
(g) sell any assets or rights to any third party or purchase any assets or rights from any third party (other than the sale and purchase done in the course of daily business operation);
(h) create a security or any other guarantee over its assets in favor of any third party, or create a mortgage, pledge or any ot...
Business Operation. We may need to use and disclose information for our business operation. For example, we may use information to review the quality of care you have received. As Required by Law: We will release information when required by law. This could include matters relating to law enforcement, national security, subpoenas or other court orders, communicable diseases, disaster relief, review of our activities by governmental accrediting agencies, and to avert a serious threat to health (suicide/homicide threat), safety (abuse/neglect), or other types of emergencies. With your permission: If you give us permission in writing, we may use and disclose your personal information. If you give us permission, you have the right to change your mind/revoke it. This must also be in writing. We cannot change any previous disclosures made without your permission.
Business Operation. AAT agrees to grant a permission and the Operator agrees to receive the permission for operating the business of selling medicines, medical supplies and health products in the departure hall on the 3rd Floor in the area connecting Building 1 and Building 2 of the International Passenger Terminals, the Bangkok International Airport, from 24 June 1999 to 31 July 2002.
Business Operation. Materially change the nature of the business being conducted, or proposed to be conducted, as described in the Business’ application for VAAPFAP funding.
Business Operation. Materially change the nature of the business being conducted, or proposed to be conducted, as described in the Business' application for CEBA funding.
Business Operation. The Premises shall not be used for any other purpose than that provided in Section 1.
1. Tenant shall occupy the Leased Premises, conduct its business and control its agents, employees, invitees and visitors in such a manner as is lawful, reputable and will not create a nuisance to other tenants in the Property. Tenants shall not permit any operation which emits any odor or matter which intrudes into other portions of the Property, use any apparatus or machine which makes undue noise or caused vibration in any portion of the Property or otherwise interfere with, annoy or disturb any other tenant in its normal business operations or Landlord in its management of the Property. Tenant shall neither permit any waste on the Leased Premises nor allow the Leased Premises to be used in any way which would, in the opinion of Landlord, be extra hazardous on account of fire or which would in any way increase or render void the fire insurance on the Property.
Business Operation. Student may not conduct any private business operation from a University residence or use University resources (e.g. telephone lines or computer services etc.) for such activity without prior University approval. More information about the process for approving a student run business can be found by contacting the L. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Center for Entrepreneurial Leadership in the School of Business.
Business Operation. AAT agrees to grant a permission and the Operator agrees to receive the permission for operating business of selling Thailand's brand merchandise and souvenirs, in the Departure Hall of the International Passenger Terminal 1 and 2, the Bangkok International Airport, under the terms and conditions of this contract, for a period of two years, from 1 January 2001 to 31 December 2002.
Business Operation. In order to facilitate business handling, Party A’s operations related to the loan (including but not limited to acceptance of the application, review of materials, loan granting, transaction confirmation, deduction, inquiry, receipt printing, collection, deduction of funds and various notices) may be handled by any business outlet under Party A’s jurisdiction, and relevant correspondence will be generated, issued or provided by such business outlet; the business operation and correspondence of the outlet under Party A’s jurisdiction shall be deemed as the behavior of Party A and shall be binding upon Party B.