New Competitor definition

New Competitor or “Novice Competitor” means a Competitor racing at a Circuit for the first time; and
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New Competitor means a member of a competing crew who has participated as a competitor in less than three(3) Rallies, and
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New Competitor means any Person other than an Existing Competitor who commences the sale of any C-Implant product in the EU after the Original MSA Effective Date.
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More Definitions of New Competitor

New Competitor means any Person that both (x) competes with any business of Borrower and (y) has been added to Schedule S-2 of this Agreement after the Closing Date in accordance with the terms of this Agreement by the Borrower delivering to the Agent and the Lenders written notice of such addition (each such notice a “New Competitor Notice”), provided that (a) no Person shall be considered a New Competitor for purposes of the Right of First Offer Agreement or this Agreement (i) if such Person is a Specified Competitor or (ii) in the event Agent determines in good faith that such Person does not compete with any business of Borrower and Agent provides written notice of such determination to Borrower within 30 days of Agent’s receipt of the applicable New Competitor Notice, and (b) no commercial bank, finance company, insurance company, financial institution or fund that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business may be named as a New Competitor, and notwithstanding any New Competitor Notice naming any such Person as a New Competitor, any such Person shall not be considered a New Competitor regardless of whether Agent gives any notice written or otherwise to Borrower that such Person may not be considered a New Competitor.
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Related to New Competitor

  • Direct Competitor means any individual, partnership, corporation, limited liability company, association, or other group, however organized, who competes with the Company in the full service restaurant business.

  • Competitor means any company, other entity or association or individual that directly or indirectly is engaged in the Company’s Business.

  • Company Competitor means any competitor of the Borrower and/or any of its subsidiaries.

  • Competitive Entity means any person, entity or business that (i) competes with any of the Company’s or any of its affiliate’s programming or other existing businesses, nationally or regionally; or (ii) directly competes with any other business of the Company or one of its subsidiaries that produced greater than 10% of the Company’s revenues in the calendar year immediately preceding the year in which the determination is made. Ownership of not more than 1% of the outstanding stock of any publicly traded company shall not, by itself, be a violation of this paragraph. This agreement not to compete will expire on the first anniversary of the date on which your employment with the Company has terminated if such termination occurs prior to the Expiration Date.

  • Competitive Set As defined in the STR Reports. Lessor and Lessee shall work in good faith to determine any additions and deletions to the Hotel’s Competitive Set, on or before November 15th of each year, with such changes to be applicable for the following Fiscal Year. In the event Lessor and Lessee cannot agree to the Hotel’s Competitive Set by November 15th of any year, such unagreed items shall be determined by ▇▇▇▇▇ Travel Research (or, if it refuses or is unable to do so, by arbitration pursuant to Section 25.2). The costs of resetting the Hotel’s Competitive Set shall be borne equally by the parties.