Business Practice. The Company recognizes that the Advisor is in the business of advising and consulting with other businesses, some of which businesses may be in competition with the Company. The Company acknowledges and agrees that the Advisor may advise and consult with other businesses, including those which may be in competition with the Company, and shall not be required to devote its full time and resources to performing services on behalf of the Company under this Agreement. The Advisor shall only be required to expend such time and resources as are reasonably appropriate to advise and assist the Company as provided for herein.
Business Practice. This entire Agreement contains any and all rights, duties and obligations of the parties and no other such rights or duties arising from relationship of obligation due to the business practice (trade usage) prevalent in the particular field of business shall apply to them. In relation to the above Section 545 of the Act No. 89/2012 Coll. Civil Code as amended shall not apply to this Agreement.
Business Practice. Except as otherwise provided in this Article ----------------- 2, the Sellers shall continue, or shall cause any Affiliate, tenant, or third party managing, maintaining or occupying, as the case may be, any of the Properties (referred to herein individually as a "Prior Occupant" and collectively as the "Prior Occupants") to continue, to manage, to maintain and to operate the Properties in accordance with sound and prudent business practices and keep the Properties and the tangible personal property thereon in good condition and repair, ordinary wear and tear excepted. The Sellers shall instruct such Prior Occupant not to make any change in its management, maintenance or operation of the Properties or in its normal and customary other practices. The Prior Occupants are identified on Schedule 2.1 to this ------------ Agreement.
Business Practice. 24.1 Both Parties undertake that they shall at any time comply with applicable laws and regulations in the PRC in the process of establishment of the Joint Venture, collaboration with each other, supply of products or the relevant services to the Joint Venture or the Customer.
24.2 Both Parties further undertake that they shall cause the Joint Venture and its Directors, officers or employees, at any time during the Term of this Contract, comply with all the applicable laws and regulations in carrying out the Joint Venture’s business and which are applicable to the Parties (including but not limited to anti-bribery and anti-corruption laws and regulations of the PRC, the United States Foreign Corrupt Practices Act, and PRC and United States export control laws).
24.3 Without limiting the foregoing, both Parties shall ensure that the Joint Venture does not market, distribute, sell or otherwise transfer any of its products or transfer any Intellectual Property to any country or government which is on the restricted list of the US.
Business Practice that the Business shall be conducted in the best interest of the Company, in accordance with:
(i) the Business Plan and Budget; and
(ii) sound and good business practice.
Business Practice. Except as otherwise provided in this Article ----------------- 4, the Contributors shall continue, or shall cause any Affiliate, tenant, or third party managing, maintaining or occupying, as the case may be, any of the Properties as shall be designated by the Partnership or the Company (referred to herein individually as a "Prior Occupant" and collectively as the "Prior Occupants") to continue, to manage, maintain and operate the Properties in accordance with sound and prudent business practices and keep the Properties and the tangible personal property thereon in good condition and repair, ordinary wear and tear excepted. The Contributors shall instruct such Prior Occupant not to make any change in its management, maintenance or operation of the Properties or in its normal and customary other practices. The Prior Occupants are identified on Schedule 4.1 to this Agreement. ------------
Business Practice. PFEL shall not solicit or take any action that is designed or intended to have the effect of discouraging any PAPNET(R) Testing System customer, supplier, or other business associate from maintaining the same business relationships after execution hereof as PFEL maintained prior to such date.
Business Practice. Neither the Company nor, to the knowledge of the Company, any director, officer, agent, employee, affiliate or other person acting on behalf of the Company or any of its Controlled Entities is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the FCPA and the Company and, to the knowledge of the Company, its affiliates have conducted their businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith. None of the Company, or (as far as the Company is aware) any of their respective directors, officers and Controlled Entities is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of any statute or other law or rule, regulation, order or decree having the force of law in the PRC equivalent to the Foreign Corrupt Practices Act of 1977, as amended (and the rules and regulations thereunder).
Business Practice. The Company recognizes that the MDB is in the business of advising and consulting with other businesses, some of which businesses may be in competition with the Company. The Company acknowledges and agrees that the MDB may advise and consult with other businesses, including those which may be in competition with the Company, and shall not be required to devote its full time and resources to performing services on behalf of the Company under this Agreement. The MDB shall only be required to expend such time and resources as are reasonably appropriate to advise and assist the Company as provided for herein.
Business Practice. The Company recognizes that the Advisor is in the business of advising and consulting with other businesses, some of which businesses may be in competition with the Company. The Company acknowledges and agrees that the Advisor may advise and consult with other businesses, including those which may be in competition with the Company, and shall not be required to devote its full time and resources to performing services on behalf of the Company under this Agreement. The Advisor shall only be required to expend such time and resources as are reasonably appropriate to advise and assist the Company as provided for herein. The Advisor agrees to not represent any direct competitor of the Company during the term of this Agreement and for a period of 6 months after termination.
