Professional Market definition

Professional Market means end users whose primary business is performed in an industrial, commercial, or institutional setting, including but not limited to: (a) manufacturing facilities or factories; (b) repair and service facilities (e.g., equipment, machines, vehicles, etc.); (c) lodging, entertainment and hospitality facilities; (d) professional offices other than components directed to the provision of medical care and treatment to patients; (e) food preparation and processing facilities; (f) facilities directed to natural resource extraction and processing (e.g., mining, drilling, refining, etc.); (g) schools and academic institutions (including research laboratories in hospitals associated with academic institutions); (h) technology development, research, or scientific facilities or labs; (i) non-medical care components of relief agencies; (j) non-medical care components of long term medical care facilities; (k) pharmacies other than components directed to the provision of medical care and treatment to patients; (l) components of hospitals, clinics or other medical care facilities other than those that relate to the diagnosis, treatment or prevention of disease, injury or a medical condition or other activities that are typically administered by or under the direction of a medical professional (e.g., laboratory work, facility maintenance, janitorial services, etc.); (m) non-veterinary care components of animal shelters or animal care facilities; and (n) firms selling products or services into such end users. The Professional Market specifically does not include the patient interaction components of veterinary facilities, hospitals, pharmacies, medical care facilities and/or components of such facilities used for the delivery of medical care. Notwithstanding anything to the contrary in this Agreement, ▇▇▇▇▇▇▇▇-▇▇▇▇▇ and its Affiliates may continue selling or otherwise transferring Professional Products to the end users and customers of ▇▇▇▇▇▇▇▇-▇▇▇▇▇’▇ Global Professional Business and Global Partnership Products Business as of the Effective Date of this Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Professional Market means end users whose primary business is performed in an industrial, commercial, or institutional setting, including but not limited to:

Professional Market means the market(s) for direct or indirect sale or provision of pest control or plant disease management products or services through non-retail channels for end-use by professional service providers in residential and non-residential applications.

Examples of Professional Market in a sentence

• A Lender which makes a representation which is untrue in relation to its status as a Professional Market Party or its status as part of a closed circle (besloten ▇▇▇▇▇) cannot make a demand under this paragraph.

• UPC Distribution shall not be liable under this paragraph (e) to any Lender which makes a representation which is untrue in relation to its status as a Professional Market Party or its status as part of a closed circle (besloten ▇▇▇▇▇).

• If, on the date the Additional Facility Accession Agreement becomes effective, it is a requirement under Dutch law that a Lender needs to be qualified as a Professional Market Party, such Lender must make the declaration and representation set out in paragraph 4 of the Additional Facility Accession Agreement.

• For purposes of clause (v) above, if Whirlpool does not raise any objection within the three Business Day period, it shall be deemed to have confirmed that the SPC is a Professional Market Party.

• Other than a transfer made pursuant to or as contemplated by either of the Option Agreements, any Transferee shall be a Professional Market Party.

• Each Lender represents and warrants to each of the Dutch Borrowers that such Lender is a Professional Market Party.

• This opinion is not affected if one or more lenders under the Credit Agreement do not qualify as Professional Market Parties.

• On the date on which this agreement becomes effective, the Additional Facility Lender represents to the Finance Parties and UPC Distribution that it is a [Professional Market Party] / [exempted from the requirement to be a Professional Market Party because it forms part of a closed circle (besloten ▇▇▇▇▇) with UPC Distribution.

• For purposes of clause (iii) above, if Whirlpool does not raise any objection within the three Business Day period, it shall be deemed to have confirmed that the Purchaser is a Professional Market Party.

• The Borrower is in compliance with the Dutch Banking Act and any regulations issued pursuant thereto (including but not limited to, the Policy Rule and the Dutch Banking Act Exemption Regulation) and it has duly verified in accordance with the Dutch Banking Act and regulations issued pursuant thereto that each Lender is a Professional Market Party.

More Definitions of Professional Market

Professional Market means the market, comprised of physicians, health care providers or other commercial service providers, for the use of systems (i.e., devices, handpieces and their associated supplies, parts and components) on or with patients or customers (but not for resale to any person or entity other than the foregoing physicians, health care providers and commercial service providers), and in all events other than the Excluded Markets. “Sub-Distributor” means any Third Party or Affiliate of Distributor appointed by Distributor to engage in the distribution of Products anywhere in the Territory. “Territory” means those countries designated as within the Territory pursuant to the procedures set forth in Section 2, as of the applicable Transition Date. “Third Party” means any person or entity, other than Palomar, Distributor or any Affiliates of Palomar or Distributor.

Professional Market means end users whose primary business is performed in an industrial, commercial, or institutional setting, including but not limited to: (a) manufacturing facilities or factories; (b) repair and service facilities (e.g., equipment, machines, vehicles, etc.); (c) lodging, entertainment and hospitality facilities; (d) professional offices other than components directed to the provision of medical care and treatment to patients; (e) food preparation and processing facilities; (f) facilities directed to natural resource extraction and processing (e.g., mining, drilling, refining, etc.); (g) schools and academic institutions (including research laboratories in hospitals associated with academic institutions); (h) technology development, research, or scientific facilities or labs; (i) non-medical care components of relief agencies; (j) non-medical care components of long term medical care facilities; (k) pharmacies other than components directed to the provision of medical care and treatment to patients; (l) components of hospitals, clinics or other medical care facilities other than those that relate to the diagnosis, treatment or prevention of disease, injury or a medical condition or other activities that are typically administered by or under the direction of a medical professional (e.g., laboratory work, facility maintenance, janitorial services, etc.); (m) non-veterinary care components of animal shelters or animal care facilities; and (n) firms selling products or services into such end users. The Professional Market specifically does not include the patient interaction components of veterinary facilities, hospitals, pharmacies, medical care facilities and/or components of such facilities used for the delivery of medical care.

Professional Market means all distribution (including sales) channels resulting in distribution to (a) licensed professional health-care providers (including hospitals, physicians acting as such, and licensed professional health-care centers), (b) other third parties permitted and trained to administer and/or analyze diagnostic tests, and (c) professional diagnostic laboratories, in each case of the foregoing clauses (a) through (c), only for use in humans. Notwithstanding anything to the contrary in this Agreement, “Professional Market” does not include any distribution (including sales) channels where products are marketed, and intended for sale, to the over-the-counter channel or to any end user consumer for self use.

Professional Market means a market—

Professional Market means licensed medical professionals and institutions such as physician's offices, commercial health clinics, hospitals, nursing homes and stand-alone surgical centres, provided that for purposes of this Agreement the term "Professional Market" shall not include anything identified within the definition of the term "OTC Market".