Primary Business Clause Samples
The "Primary Business" clause defines the main line of business or core activities that a party, typically a company, is engaged in under the agreement. This clause usually specifies the industry, services, or products that constitute the party's principal operations, such as software development, retail sales, or manufacturing. By clearly outlining what the primary business entails, the clause helps prevent disputes over the scope of permitted activities and ensures that both parties have a mutual understanding of the company's main focus, thereby reducing the risk of misunderstandings or unauthorized business diversification.
POPULAR SAMPLE Copied 1 times
Primary Business. Purchaser further represents and warrants to Seller that Purchaser's primary business is in the construction and sale of new homes for profit and that its purchase of the Lot(s) and Units is for such purposes. By placing initials next to this paragraph, Purchaser, or the representative of Purchaser executing this Agreement on its behalf, specifically acknowledges that it has read this paragraph and has made the representations and warranties contained herein.
Primary Business. The primary business of the Borrower and its Subsidiaries taken as a whole is that of the manufacturing of transportation, construction and industrial products, and the leasing of railroad tank cars, covered hopper cars, box cars and related equipment.
Primary Business. The Borrower shall continue to be engaged primarily in lines of business as carried on at the date hereof or lines of business related thereto.
Primary Business. Borrower will continue the retail sale of entertainment products, including music products, including tapes, compact discs, prerecorded video tapes, records and accessories, as well as the retail sale of books and the retail rental of prerecorded video tapes, as its primary business.
Primary Business. Location of Borrower's Office;
Primary Business. Continue to be engaged primarily in lines of business as carried on at the date hereof or lines of business related, complementary or ancillary thereto.
Primary Business. The Primary Business of the Corporation shall be the research-based production, marketing, licensing and sale of agronomic seed, including both technology related thereto and products derived therefrom.
Primary Business. The exploration for, and production and marketing of, Hydrocarbons will continue to be the primary business of the Company and its Subsidiaries taken as whole.
Primary Business. Each Borrower and Parent Company will, and Parent Company will cause each Company to, continue to design, engineer, manufacture and/or market beverage dispensing systems as its primary business.
Primary Business. The Company and each of its Subsidiaries are engaged primarily in the business of developing, publishing and distributing interactive entertainment software and have no present intention of changing their respective businesses.