Business carried definition
Examples of Business carried in a sentence
Borrower shall (i) maintain, keep and preserve all of its properties in good repair, working order and condition, reasonable wear and tear excepted, and from time to time make all necessary and proper repairs, renewals, replacement and improvements thereto, and (ii) maintain, preserve and protect all franchises, licenses, copyrights, patents and trademarks material to its Business, so that the Business carried on in connection therewith may be properly and advantageously conducted at all times.
For purposes of this section, “Competing Business” means any company or business which is engaged directly or indirectly in any Company Business carried on or planned to be carried on (if such plans were developed the term of this Agreement) by the Company or any of its subsidiaries or affiliates.
For this purpose, the term “compete” shall mean the ownership, operation, management or control of, or, after the date hereof, acquisition of any financial interest in, any Person, business or enterprise that carries on a business that is substantially the same as the Business carried on by the Company.
Without prejudice and in addition to the above restrictions, the Management Founder, and the Management Founder Holdco shall not compete directly or indirectly with the Business carried out by any Group Company in the above manner for a period of two (2) years after such Management Founder and/or the Management Founder Holdco and/or the Management Founder’s Associates collectively ceases to hold more than 10% of the Company’s shares (calculated on a fully diluted and as-converted basis).
As the holder of an Appointment from Us, You will act for Us in connection with the Financial Services Business carried on by Us on the terms and conditions set out in this Agreement and in the Appointment.
Seller has no subsidiaries except those listed on Schedule 5.2. Seller has no interest, direct or indirect, and has no commitment to purchase any interest, direct or indirect, in any other corporation or in any partner SYHI, joint venture or other business enterprise or entity other than as set forth on Schedule 5.2. The Business carried on by Seller has not been conducted through any other direct or indirect subsidiary or Affiliate of Seller.
In addition to and without limiting the restrictions set forth herein, the Founder and ▇▇▇ Smart shall not compete directly or indirectly with the Business carried on by any Group Company in the above manner for a period of two (2) years after the Founder and/or ▇▇▇ Smart and/or the Founder’s Associates collectively cease to hold more than 5% of the Company’s shares (calculated on a fully diluted and as-converted basis).
Each of the Corporations holds all licences, permits, approvals and authorizations requisite for, and has complied with all laws, regulations and orders applicable to, the conduct of the Business carried on by it.
No Group Member shall carry on any business, operations or activities (whether directly, through a Joint Venture, in connection with a Permitted Acquisition or otherwise) substantially different from the Business carried on by the Borrower and its Subsidiaries at the date hereof and business, operations and activities reasonably related, ancillary or complementary thereto.
Except as set forth in Section 4.1.30 of the Disclosure Letter, neither MDS nor any Operator has received any written complaint or notice of any complaint, breach or violation of any Privacy Law in respect of the Diagnostics Business carried on by it which has had a Material Adverse Effect.