Common use of Industry Trends Clause in Contracts

Industry Trends. An evaluation of industry trends will be made relevant to the company, and a determination reached as to whether the company is in a market that is declining. International and national data will be used in the evaluation. An industry is considered in decline when, measured by the appropriate SIC code, it experiences employment or revenue declines— beyond its control--of 10% or more over 3 years.

Appears in 3 contracts

Samples: Lease and Project Agreement, Lease and Project Agreement, Lease and Project Agreement

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Industry Trends. An evaluation of industry trends will be made relevant to the company, and a determination reached as to whether the company is in a market that is declining. International and national data will be used in the evaluation. An industry is considered in decline when, measured by the appropriate SIC code, it experiences employment or revenue declines--beyond its control--of 10% or more over 3 years.

Appears in 1 contract

Samples: Lease Agreement

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