Scope of Business. The Borrower shall, and shall cause each Significant Subsidiary to, engage primarily in energy-related businesses.
Scope of Business. The Purchaser has been advised and understands that the Issuer will be exposed to numerous investment opportunities in all areas of the oil and gas industry and may therefore pursue various types of opportunities, even if they do not fit within the primary focus of the Issuer's current business plan. For example, such opportunities could include both onshore and offshore United States investments and also international investments. Potential opportunities could also include such things as downstream investments in oil and gas service companies, pipelines, and gas processing and gas storage facilities.
Scope of Business. The Borrower will not, and will not permit any of its Restricted Subsidiaries to, engage to any material extent in any business other than businesses of the type conducted by the Borrower and its Restricted Subsidiaries on the date of execution of this Agreement and businesses reasonably related thereto.
Scope of Business. The Borrower shall, and shall cause each Significant Subsidiary to, engage only in energy-related businesses, functionally related businesses (as interpreted under PUHCA) or such other businesses as may be permitted pursuant to an order issued by the SEC pursuant to PUHCA.
Scope of Business. As long as any of the Notes remains outstanding, the Company shall not, and shall cause its Principal Subsidiaries not to, change the scope of the principal business of the Company and its Principal Subsidiaries from that carried on as at the date of this Note; or enter into any business other than such principal business that will affect the ability of the Company to carry out its obligations under this Note.
Scope of Business. Change the nature or scope of the Business as of the date hereof, other than businesses reasonably related or ancillary to the Business.
Scope of Business. The Parties shall ensure that the Company will conduct only the Licensed Business and conduct such business solely and strictly in accordance with this Agreement and the License Agreement.
Scope of Business. (a) The Products will be marketed by and offered by the Members through the Company. Members will provide Company all leads on new marketing and sales opportunities for Products. If the Company elects, in writing, not to proceed with the lead, the individual Member who initiates the lead may go forward to unilaterally develop such lead. Any Member may deliver written notice to the Company requesting whether a Product not then offered by the Company will be offered by the Company and the Company shall have 90 days to respond to such Member. In the event that within such 90-day time period the Members Committee is unable to determine that such Product will be offered by the Company then the Members hereby agree that such Product may be offered on a non-exclusive basis by the notifying Member, or any other Member, or any of their Affiliates as well as by the Company. The Members agree that this Agreement will not prevent any Member from marketing any products or services that do not constitute Products at any time, or from marketing Products after the last day of the fifteenth (15) calendar month commencing with the first month after the month in which such Member has transferred its entire Membership Interest (other than to an Affiliate) and ceased to be a Member of the Company or withdrawn from the Company. Subject to the foregoing, the Members agree that they will not enter into any other new agreement to provide any of the Products with any other party.
(b) No Subsidiary or Affiliate of a Member shall have any obligation to refrain from (i) engaging in the same or similar activities or lines of business as the Company or developing or marketing any products or services that compete, directly or indirectly, with those of the Company or (ii) investing or owning any interest publicly or privately in, or developing a business relationship with, any Person engaged in the same or similar activities or lines of business as, or otherwise in competition with, the Company; and neither the Company nor any Member (or any Subsidiary or Affiliate of such Member) shall have any right by virtue of this Agreement in or to, or to be offered any opportunity to participate or invest in, any venture engaged or to be engaged in by any other Member (or any Subsidiary or Affiliate of such Member) or any right of this Agreement in or to any income or profits derived therefrom.
Scope of Business. Party B will provide Party A the line of credit as agreed in the Agreement. Party A may, subject to the preconditions as agreed herein and in relevant single agreement, apply to Party B for revolving use, adjustment or one-time use of the line of credit for the purpose of RMB short-term loan, foreign currency short-term loan, trade financing, Letter of Guarantee, funding business and other credit business (collectively referred to as “single loan business”). Trade financing, as mentioned herein, includes opening international L/C, opening domestic L/C, import xxxx advance, lading guarantee, packing credit, export xxxx advance, discounting acceptance draft under time L/C, buyer xxxx advance for domestic L/C, seller xxxx advance for domestic L/C, negotiation of domestic L/C and other international and domestic trade financing businesses.
Scope of Business. Party B to party A under this agreement to provide credit, in compliance with this agreement and related individual agreement under the premise of party a to party b for circulation, regulate or disposable, used for short-term loans, corporate account overdraws, bank acceptance bills of exchange, trade finance, bond, fund business and other credit business (generally referred to as the "individual credit business"). The trade financing business referred to in this agreement includes the opening of international L/C, the opening of domestic L/C, import bill advance, delivery guarantee, packing loan, export bill advance, export discount under the L/C, domestic L/C buyer's bill, domestic L/C seller's bill, domestic L/C negotiation and other international and domestic trade financing business. The Letter of Guarantee Business referred to in this Agreement includes issuing Letter of Guarantee, Standby Letter of Credit and other international and domestic Letter of Guarantee Business.
