Common use of Principal Business Clause in Contracts

Principal Business. The Company shall ensure that all its principal shareholders officers and directors (a) direct or refer all opportunities relating to, similar to or of the same nature as the Company's Sports Park business exclusively to the Company, (b) not realize any profit or gain with respect to such opportunities to the detriment or in lieu of the Company and (c) not otherwise misappropriate any corporate opportunity.

Appears in 3 contracts

Samples: Investment and Voting Agreement (Asi Group LLC), Investment Agreement (Saint Andrews Golf Corp), Investment Agreement (Las Vegas Discount Golf & Tennis Inc)

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Principal Business. The Company shall ensure that all its principal shareholders shareholders, officers and directors (a) direct or refer all opportunities relating to, similar to or of the same nature as the CompanySAGC's Sports Park business exclusively to the CompanySAGC, (b) not realize any profit or gain with respect to such opportunities to the detriment or in lieu of the Company or SAGC and (c) not otherwise misappropriate any corporate opportunity.

Appears in 2 contracts

Samples: Investment and Voting Agreement (Asi Group LLC), Investment and Voting Agreement (Las Vegas Discount Golf & Tennis Inc)

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