Common use of Development of the Business Clause in Contracts

Development of the Business. 2.2.1 Each Shareholder and the Company agrees that the business of the Group shall be confined to the Business, unless a change in the Business is approved as a Reserved Matter. 2.2.2 Each Shareholder shall use all reasonable endeavours to promote and develop the Business to the best advantage of the Group and agrees that, save as set out in clause 14, any expansion or development of the Business shall only be carried out through the Group.

Appears in 3 contracts

Sources: Shareholder Agreement, Shareholder Agreements (Mondelez International, Inc.), Shareholders’ Agreement (Mondelez International, Inc.)