Common use of BUSINESS PURPOSE OF THE COMPANY Clause in Contracts

BUSINESS PURPOSE OF THE COMPANY. The business purpose of the Company (the "Business Purpose") is to carry on any lawful business, purpose or activity, whether or not for profit, with the exception of the business of granting policies of insurance, or assuming insurance risks or banking as defined in Section 126 of Title 8 of the Code of Delaware.

BUSINESS PURPOSE OF THE COMPANY. The business purpose of the Company (the "“Business Purpose"”) is to carry on any lawful business, purpose or activity, whether or not for profit, with the exception of the business of granting policies of insurance, or assuming insurance risks or banking as defined in Section 126 of Title 8 of the Code of Delaware.

BUSINESS PURPOSE OF THE COMPANY. (1) The business purpose of the Company (the "Business Purpose") company is to produce, sell and distribute as well as to trade with electricity, gas, water, heat and activities in the area of telecommunication. (2) The company is entitled to initiate all measures and business transactions which are connected to or promote the aforementioned business purpose. In order to carry on any lawful businessout its business activities the company can use other companies, purpose hold an interest in them or activityset up, whether purchase or not for profit, with the exception of the lease such companies and ancillary plants and conclude agreements between business of granting policies of insurance, or assuming insurance risks or banking as defined in Section 126 of Title 8 of the Code of Delawareenterprises.