Competitor Definition Sample Clauses

Competitor Definition. For purposes of this Section 7, a Competitor is defined as any of the companies identified on Schedule 7(b) attached hereto, including any entity controlling, controlled by or under common control with them, and any assignee of or successor to the competing portion of their business. Comshare may, at any time after 6 months from the date of this Agreement, but in no event more than once per year, add the name of any company that is a bona fide substantial direct competitor of Comshare to Schedule 7(b), which shall then become a Competitor; provided, however, that in no event shall there be more than fifteen (15) competitors. If Arbor reasonably believes that an entity added by Comshare is not a bona fide substantial direct competitor of Comshare, then Arbor may submit the issue for resolution under the arbitration procedures of Section 15.
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