Incidental Business definition

Incidental Business has the meaning set forth in Section 2.5 of this Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Incidental Business means an insurance agency or broker that, in the twelve (12) months preceding its acquisition (i) derived less than fifty percent (50%) of its revenues from the sale of Property-Casualty Insurance in the United States, and (ii) had consolidated revenues arising from the sale of Property-Casualty Insurance in the United States equal to or less than Five Million Dollars ($5,000,000).

Incidental Business shall have the meaning set forth in Section 5.14(a).

Examples of Incidental Business in a sentence

In the event that such annual revenue attributable to such Competing Activity constitutes more than an Incidental Business, the business activities of such Competing Activity will nevertheless be excluded from the prohibitions set forth in this Section 5.14(a); provided that Clorox Parent sells or otherwise disposes of such Competing Activity within twelve months after the acquisition of such Person.
Any increased parking or traffic within the Subdivision as a result of an Incidental Business Use that impedes egress or ingress shall be deemed to be a deed restriction violation.
The uses set out in this section shall be referred to singularly or collectively as an “Incidental Business Use.” At no time may an Incidental Business Use cause increased parking or traffic within the Subdivision such that egress or ingress is impeded.
During the Restricted Period, neither PHL, Holdings nor their Affiliates shall merge or otherwise combine the management and operations of any Property-Casualty Businesses or any Incidental Businesses with those of any other Property-Casualty Business or any Incidental Business Acquired during the Restricted Period, unless the resulting Person qualifies, at the time of such combination, as an Incidental Business.
In the event that such annual turnover attributable to such Restricted Activities constitutes more than an Incidental Business, the business activities of such Restricted Activities will nevertheless be excluded from the prohibitions set forth in Section 7.8(a); provided that the Seller or its Affiliates sell or otherwise dispose of such Restricted Activities within six (6) months after the consummation of the transaction with such Acquired Business.

More Definitions of Incidental Business

Incidental Business means “incidental business at your residence premises,” “incidental business away from your residence premises” and “incidental farming.”

Incidental Business means the "business" described on the "Declarations."

Incidental Business. As defined in Section 7.8(c). "Indemnified Party" As defined in Section 6.5(a). "Indemnifying Party" As defined in Section 6.5(a). "Independent Accountants" Ernst & Young LLP or such other internationally recognized accounting firm as agreed by both the Seller and the Buyer. "Initial Closing Statement" As defined in Section 2.3(d). "Intellectual Property" (i) U.S., foreign and international design and utility patents and patent applications (including all re-exams, reissues, divisions, continuations, continuations-in-part, and extensions of any patent or patent application), industrial designs (registered and unregistered) and applications for registration of industrial designs, including all rights, to the extent permitted by applicable Legal Requirements, to file corresponding applications in any country in the world; (ii) copyrights (registered and unregistered), copyright applications, design rights, design right registrations; (iii) trademarks, trademark applications, service marks and trade dress, business names and trade names, whether registered, unregistered or existing at common law, including the goodwill associated therewith; (iv) Web sites; and (v) except as may contain the Retained Marks, domain names and domain name applications.

Incidental Business. As defined in Section 7.8(c).

Incidental Business means a business carried on separately and not a part of the business made the subject of privilege taxation.

Incidental Business means collectively the incidental businesses stipulated in the Required Standards Document.

Incidental Business means a portion of a business, where the gross annual revenues of the Incidental Business do not exceed 20% of the gross annual revenues of the entire business.