New Lines of Business Clause Samples
The "New Lines of Business" clause defines how the parties to an agreement will handle the introduction of products or services that were not originally contemplated under the contract. Typically, this clause outlines the process for discussing, approving, or integrating new business activities, such as requiring mutual consent or setting specific criteria for expansion. Its core practical function is to provide a clear framework for adapting the agreement to evolving business needs, thereby preventing disputes and ensuring both parties are aligned when considering new opportunities.
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New Lines of Business. Enter into any new line of business or change in any material respect its lending, investment, underwriting, risk and asset liability management and other banking, operating and servicing policies, except as required by applicable law, regulation or policies imposed by any Regulatory Authority.
New Lines of Business. Parent shall not, and shall not permit any of its Subsidiaries to enter into any new line of business, except in the ordinary course of business consistent with past practice and except for the expansion of Parent’s retail business;
New Lines of Business. The Company shall not, and shall not permit any of its Subsidiaries to, enter into any new line of business, except in the ordinary course of business consistent with past practice and except for the expansion of the Company’s retail business;
New Lines of Business. Tribune shall not, and shall not permit, any of its Subsidiaries to, whether by merger, consolidation, acquisition or otherwise, enter into any material line of business that is not part of, related to or in support of the media business, other than incidentally as part of a larger acquisition within an existing line of business.
New Lines of Business. Chordiant may from time to time during the Term and the Termination Assistance Period request that Supplier perform services under a New Line of Business. Within ten (10) days after receipt of such a request from Chordiant (or such other time as Chordiant and Supplier may agree), Supplier shall provide Chordiant with a written proposal for providing services under such New Line of Business (a “New Line of Business Proposal”) which shall include:
(a) a description of the services, functions and responsibilities Supplier anticipates performing in connection with such New Line of Business;
(b) a schedule for commencing and completing (if applicable) such services under the New Line of Business;
(c) Supplier’s estimate of personnel resource requirements for providing services under such New Line of Business, including a detailed breakdown of the allocation of such resources;
(d) when appropriate, a description of any new Software or Equipment to be provided by Supplier in connection with such New Line of Business;
(e) when appropriate, the Software and Equipment and run-time requirements necessary to develop and operate any new Software;
(f) a description of the human resources necessary to provide services under the New Line of Business;
(g) when appropriate, a list of any existing Software or Equipment included in or to be used in connection with such New Line of Business;
(h) when appropriate, acceptance test criteria and procedures for any new Software or any products, packages or services; and
(i) such other information requested by Chordiant. Supplier shall not begin performing any services under a New Line of Business until Chordiant and Supplier have agreed upon the terms for such services and the Chordiant Account Executive has provided Supplier with written authorization by executing the New Line of Business Proposal to perform services thereunder. Any services under a New Line of Business performed by Supplier without such advance agreement to terms and authorization shall be deemed part of the Base Services without incremental charge. [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
New Lines of Business. Prior to the Closing, Seller shall not cause, or permit, the Company and the Subsidiaries to enter into any line of business other than the Business, or make any material change in the scope or nature of their business, purposes or operations, or undertake or participate in activities other than the continuance of the Business.
New Lines of Business. The Company shall not without the prior written consent of holders of a majority in interest of the Preferred Stock, engage in any business other than the preparation and distribution of Chinese food products or any line of business that is related thereto.
New Lines of Business. The Company shall not, without the prior --------------------- written consent of 66 2/3% of the holders of the then outstanding shares of Series B Preferred Stock, engage in any material activity in any line of business other than the Company's Line of Business.
New Lines of Business. Enter into any new line of business outside of the businesses being conducted by the Group Companies as of the date of this Agreement other than in connection with the integration of businesses acquired prior to the date of this Agreement;
New Lines of Business. Prior to the Closing, as it relates solely to the Training Business, Seller shall not enter into any line of business other than the Training Business, or make any material change in the scope or nature of its training business, purposes or operations, or undertake or participate in activities other than the continuance of the Training Business.