No Other Activity Sample Clauses
The "No Other Activity" clause restricts a party from engaging in activities outside the scope of the agreement or contract. Typically, this means that the party is prohibited from performing services, conducting business, or taking actions that are not expressly permitted or outlined in the contract. For example, an employee may be barred from working for competitors or starting side businesses during their employment. The core function of this clause is to prevent conflicts of interest and ensure that the party's focus and resources are dedicated solely to the agreed-upon activities, thereby protecting the interests of the other party.
No Other Activity. The Issuer will not engage in any activity other than as required or authorized by this Agreement or the other Transaction Documents.
No Other Activity. The Trust will not engage in any activity other than as required or authorized by this Agreement, the other Transaction Documents or the other Series Related Documents.
No Other Activity. The Company shall not engage in any business or activity which is not the business or activity specified in clause 2.1, or considered by the Board to be reasonably related or incidental to or in connection with that business or activity.
No Other Activity. The Issuer will not engage in any activity other than as required or authorized by this Agreement or the other Transaction Documents. [In particular, [neither][none of] the Issuer[,] [nor] the Owner Trustee [or the Delaware Trustee] ([n]or any agent of [either][such] person) will be authorized or empowered to do anything that would cause the Issuer to fail to qualify as a fixed investment trust described in Treasury Regulation Section 301.7701-4(c) that is treated as a grantor trust under subtitle A, chapter 1, subchapter J, part I, subpart E of the Code.]
No Other Activity. Engage in any activity other than borrowing amounts with respect to Loans in the manner contemplated by this Agreement, the Club Trust
No Other Activity. The Borrower has been formed solely for the purpose of engaging in the transactions of the types contemplated by this Agreement, and the Transfer Agreement, and has not engaged in any business activity other than the negotiation, execution and to the extent applicable, performance of this Agreement and the Transaction Documents.
No Other Activity. The Issuer will not engage in any activity other than as required or authorized by this Agreement or the other Transaction Documents. [In particular, neither the Issuer nor the Owner Trustee (nor any agent of either person) shall be authorized or empowered to do anything that would cause the Issuer to fail to qualify as a fixed investment trust described in Treasury Regulation Section 301.7701-4(c) that is treated as a grantor trust under subtitle A, chapter 1, subchapter J, part I, subpart E of the Code.]
No Other Activity. Unless the Consortium Members otherwise agree in writing, the Consortium shall not engage in any business or activity which is not the Purpose, or reasonably incidental to the Purpose.
No Other Activity. Unless all Participants otherwise agree in writing, the Joint Venture shall not engage in any business or activity which is not the Purpose, or reasonably incidental to the Purpose.
No Other Activity. Unless approved by a unanimous Resolution of the Limited Partnership, the Limited Partnership will not engage in any business or activity which is not anticipated by the Purposes, or reasonably incidental to, or gives effect to, the Purposes.