New Line of Business Sample Clauses

New Line of Business. Enter into agreements that contemplate their engaging in a new line of business;
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New Line of Business. PBHC recognizes that when an HMO Subsidiary offers a New Line of Business, price and quality of the MHSA Services to be provided in connection therewith must be competitive. Accordingly, in the event that any HMO Subsidiary chooses during the term of this Agreement to offer a New Line of Business to its customers, including in the event such HMO Subsidiary responds to Requests for Proposals ("RFP") for new Governmental Programs, such HMO Subsidiary shall offer PBHC the first opportunity to provide such MHSA Services. PBHC shall have 10 business days (or, in the case of an RFP, such shorter period of time as the applicable HMO Subsidiary shall prescribe to allow it to timely respond to such RFP) of receiving notice and the relevant information regarding the New Line of Business to make a proposal as to the terms on which it will provide such MHSA Services. If such proposal is reasonably acceptable to the applicable HMO Subsidiary, the Products which comprise such New Line of Business shall become Covered Products hereunder and PBHC shall provide such MHSA Services in accordance with the terms of such proposal; provided that if the proposal is made in connection with an HMO Subsidiary's response to an RFP, such proposal shall be incorporated into such response. If PBHC's proposal with respect to such MHSA Services is not reasonably acceptable to such HMO Subsidiary, the HMO Subsidiary may solicit proposals from other national managed behavioral health companies to provide such services, provided that such proposals must be at a level of service quality comparable to PBHC's proposal. Before accepting any such proposal from a third party managed behavioral health company, the HMO Subsidiary shall offer PBHC an opportunity to match such proposal. If PBHC notifies the HMO Subsidiary in writing within 5 business days of receiving notice and relevant information as to such proposal (or within such earlier deadline as required to allow such HMO Subsidiary to timely respond to an RFP) that PBHC will match the proposal, (a) the Products which comprise such New Line of Business shall become Covered Products hereunder and PBHC shall provide such MHSA Services in accordance with the terms of such proposal (provided that if the proposal is made in connection with an HMO Subsidiary's response to an RFP, such proposal shall be incorporated into such response) and (b) notwithstanding anything to the contrary contained in SECTION 16.3.1, PHC shall not be entitled to any Comm...
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New Line of Business. Enter into any new line of business outside of the businesses being conducted by the Group Companies as of the date hereof other than in connection with the integration of acquired businesses permitted by this Section 7.01 or acquired prior to the date of this Agreement;
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New Line of Business. Company shall not, and shall not permit any of its Subsidiaries to, enter into any new line of business.
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New Line of Business. Enter into any new line of business other than the development and testing of concepts reasonably related to the current businesses of the Company and the Company Subsidiaries, or discontinue any significant and material line of business.
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Related to New Line of Business

  • Line of Business The Company will not and will not permit any Subsidiary to engage in any business if, as a result, the general nature of the business in which the Company and its Subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature of the business in which the Company and its Subsidiaries, taken as a whole, are engaged on the date of this Agreement as described in the Memorandum.

  • Lines of Business Enter into any business, either directly or through any Subsidiary, except for those businesses in which the Borrower and its Subsidiaries are engaged on the date of this Agreement or that are reasonably related thereto.

  • Terms of Business Capitalised terms used in this API Agreement have the meanings given to them in our Terms of Business, unless the context requires otherwise or unless separately defined in this API Agreement. The same rules of interpretation set out in our Terms of Business apply in this API Agreement. If there is any inconsistency between the provisions of the API Agreement and our Agreement, the Terms of Business will prevail unless the provision relates exclusively to your use of our API, in which case API Agreement will prevail. In all other circumstances.

  • Sale of Business If the Employer sells the business, they shall inform the other person or employer buying the business that there is an existing Collective Agreement in effect, and that as a condition of any such sale, the other person or employer buying the business shall assume all responsibilities and obligations accruing by virtue of the Collective Agreement, and that the other person or employer buying the business shall agree to continue to operate the business in the City of Winnipeg.

  • Scope of Business The Borrower shall, and shall cause each Significant Subsidiary to, engage primarily in energy-related businesses.

  • Type of Business Circle the number that best describes your business or organization. If none of the categories apply, circle number 20 and provide a brief description.

  • Change in Nature of Business Engage in any material line of business substantially different from those lines of business conducted by the Borrower and its Subsidiaries on the date hereof or any business substantially related or incidental thereto.

  • Changes in Nature of Business Parent will not, and will not permit any of its Subsidiaries to, engage to any material extent in any business other than those businesses conducted by the Parent and its Subsidiaries on the date hereof or any business reasonably related or incidental thereto or representing a reasonable expansion thereof.

  • Change of business The Company shall procure that no substantial change is made to the general nature of the business of the Company or the Group from that carried on at the date of this Agreement.

  • Nature of Business Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

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