Common use of Business Lines Clause in Contracts

Business Lines. Dresser-Rand may use the Dresser-Rand Name on its current products and services and on new products and services that are logical extensions of those business lines (its "Existing Business"). Likewise, Dresser may use the Dresser Name on its current products and services and on new products and services that are logical extensions of those business lines (its "Existing Business"). Dresser-Rand shall not expand beyond its Existing Business under the Dresser-Rand Name into products or services which are directly and materially competitive with the Dresser as of the Effective Date or such products and services that are natural extensions thereof (the "Dresser Business Lines"), and Dresser shall not expand beyond its Existing Business under the Dresser Name into products or services which are directly and materially competitive with the Dresser-Rand Business Lines. Either Dresser or Dresser-Rand may expand its respective business lines under the Dresser Name or Dresser-Rand Name, respectively, by entering into or acquiring a business that involves products and services that are not in either the Dresser-Rand Business Lines or the Dresser Business Lines (a "New Business"). If Dresser or Dresser-Rand first enter into a New Business in a bona fide manner (e.g., substantially, materially, in good faith, etc.), such New Business shall automatically be deemed incorporated into the Dresser Business Lines (if Dresser enters such New Business prior to Dresser-Rand) or the Dresser-Rand Business Lines (if Dresser-Rand enters such New Business prior to Dresser) for all purposes under this Agreement for so long as such Party engages in such New Business in a bona fide manner. This Section is intended to affect only the names and marks that the Parties use in conducting their respective businesses, but not to otherwise affect the scope of each Party's permissible activities.