DISTRIBUTOR STANDARDS OF OPERATION Clause Samples

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DISTRIBUTOR STANDARDS OF OPERATION. Distributor shall use its best efforts to promote the sale of the Product. Distributor shall also undertake to maintain high standards of performance, and shall conduct its business at all times in such a manner as will reflect favorably on ▇▇▇▇▇▇▇▇ and its products and avoid in any way any deceptive, misleading or unethical practice or advertising. Distributor shall comply with each of the following standards. (a) SALES QUOTA. ▇▇▇▇▇▇▇▇ may establish a mutually-agreed quota for sales by Distributor for one or more periods during the term of this Agreement. Distributor shall endeavor to meet or exceed the quota and any other quota which may be established during the term of this Agreement or any renewal thereof.
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Related to DISTRIBUTOR STANDARDS OF OPERATION

  • Statement of Operations Statement of Changes in Net Assets.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • CONTINUITY OF OPERATIONS Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • TRANSFER OF OPERATIONS Purchaser shall be entitled to immediate possession of, and to exercise all rights arising under, the Assets from and after the time that the Restaurants open for business on the Closing Date, and operation of the Restaurants shall transfer at such time (the "Effective Time"). Except as expressly provided in this Agreement, all profits, losses, liabilities, claims, or injuries arising before the Effective Time shall be solely to the benefit or the risk of Seller. All such occurrences after the Effective Time shall be solely to the benefit or the risk of Purchaser. The risk of loss or damage by fire, storm, flood, theft, or other casualty or cause shall be in all respects upon Seller prior to the Effective Time and upon the Purchaser thereafter.