Operating Businesses Clause Samples

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Operating Businesses. All assets used in or necessary to carry on the Business are owned by the Corporation, or leased or licensed by the Corporation from Persons acting at arm's length from the Corporation Stockholders and the Corporation.
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Operating Businesses. The Business is carried on exclusively by the Corporation. All assets used in or necessary to carry on the Business are owned by the Corporation, or leased or licensed by the Corporation from Persons acting at arm's length from the Corporation Stockholders and the Corporation.
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Operating Businesses. 13.2.1 The New CNC has the right and is fully qualified to operate businesses in the business operating areas as provided in its business license and the international business field; 13.2.2 The New CNC has no ultra ▇▇▇▇▇, unauthorized or invalid activities, contracts and rights. All documents with New CNC as the principal party or the executing party have been properly signed and stamped and retained by New CNC.
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Operating Businesses. 13.1 The impact of the IPO and the Restructuring of CNC (HK) 13.1.1 The Group Corporation believes, after prudent and detailed inquiries, that there are no data, except those disclosed, that indicate, and it is not aware of or does not believe that the Restructuring or the IPO of CNC (HK) or the signing of this Agreement, or any other issues contained thereof have caused: (1) Any suppliers of New CNC to cease or have the rights to cease or dramatically reduce their supplies; (2) Any clients of New CNC to cease or have the rights to cease or dramatically reduce their business dealings; (3) Any significant changes in the management and/or the Injected Assets of New CNC. 13.1.2 Except for those disclosed in the prospectus or unless otherwise specified in this Agreement, the Restructuring or the IPO of CNC (HK), the signing of this Agreement, or any other issues contained thereof will not cause: (1) Conflicts, defaults or failure to perform the obligations of any terms and conditions or regulations of any agreements or contracts in which New CNC is a party, or against the Articles of Association of New CNC and/or any regulations of laws, acts, legislations, decrees or orders that are applicable to New CNC, or violate any creditor's rights, impawns, leases, rents, contractual orders, judgments, verdicts, injunctive, rules or other restrictions or responsibilities that have binding or controlling force against any assets of New CNC; (2) To relieve anyone from any obligations to New CNC, authorize anyone to determine any such or any rights or interests enjoyed by New CNC or exercise any rights in accordance with this Agreement reached with New CNC (3) To constitute or exercise the creditor's rights in any form to the setup, imposure or prospects of New CNC; and (4) The New CNC's any existing or future liabilities to become due and payable or to be claimed as due and payable before the specified due date.
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Related to Operating Businesses

  • Doing Business All parties which have had any interest in the Mortgage Loan, whether as mortgagee, assignee, pledgee or otherwise, are (or, during the period in which they held and disposed of such interest, were) (1) in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located, and (2) either (i) organized under the laws of such state, or (ii) qualified to do business in such state, or (iii) a federal savings and loan association, a savings bank or a national bank having a principal office in such state, or (3) not doing business in such state;

  • Outside Businesses Subject to the provisions of Section 6.3, any Covered Person, the Sponsor, the Delaware Trustee and the Property Trustee may engage in or possess an interest in other business ventures of any nature or description, independently or with others, similar or dissimilar to the activities of the Trust, and the Trust and the Holders of Securities shall have no rights by virtue of this Trust Agreement in and to such independent ventures or the income or profits derived therefrom, and the pursuit of any such venture, even if competitive with the activities of the Trust, shall not be deemed wrongful or improper. No Covered Person, the Sponsor, the Delaware Trustee or the Property Trustee shall be obligated to present any particular investment or other opportunity to the Trust even if such opportunity is of a character that, if presented to the Trust, could be taken by the Trust, and any Covered Person, the Sponsor, the Delaware Trustee and the Property Trustee shall have the right to take for its own account (individually or as a partner or fiduciary) or to recommend to others any such particular investment or other opportunity. Any Covered Person, the Delaware Trustee and the Property Trustee may engage or be interested in any financial or other transaction with the Sponsor or any Affiliate of the Sponsor, or may act as depositary for, trustee or agent for, or act on any committee or body of holders of, securities or other obligations of the Sponsor or its Affiliates.

  • Competing Business “Competing Business” means any depository, wealth management or trust business company or holding company thereof (including without limitation, any start-up bank or bank in formation) operating anywhere within the Covered Area.

  • Business Activities The Company will not, and will not permit any of its Restricted Subsidiaries to, engage in any business other than Permitted Businesses, except to such extent as would not be material to the Company and its Restricted Subsidiaries taken as a whole.

  • Business Operations Company will provide all necessary equipment, personnel and other appurtenances necessary to conduct its operations. Company will conduct its business operations hereunder in a lawful, orderly and proper manner, considering the nature of such operation, so as not to unreasonably annoy, disturb, endanger or be offensive to others at or near the Premises or elsewhere on the Airport.