THE BUSINESS OF THE GROUP Sample Clauses

THE BUSINESS OF THE GROUP. The Parties agree, and each of the Shareholders shall procure, that the business of the Group shall be to (a) establish and operate one or more Digital Asset mining facilities; and (b) mine Digital Assets (collectively, the “Business”). Each Shareholder shall use its commercially reasonable efforts to promote and develop the Business to the best advantage of the Group as a whole and in accordance with the Business Plan and the Annual Budget from time to time but for the avoidance of doubt excluding any obligation to incur material expenditure save as expressly provided under the terms of this Agreement.
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THE BUSINESS OF THE GROUP. 2.1 Scope and conduct of the Business 2.1.1 The business of the Group (the “Business”) shall be: (a) trading green coffee and tea; (b) the development, manufacturing, marketing and sales of: (i) roast and ground coffee, whole bean coffee, soluble (instant) coffee, liquid coffee concentrate and combinations of those products (“Coffee Products”) for preparation and consumption of water based coffee drinks (“Coffee”) and, when combined with other liquids (e.g. milk) for preparation and consumption of other beverages that contain Coffee Products as main and/or predominant ingredient and/or flavour (“Coffee Beverages”); CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED [ * * * ]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. (ii) loose leaf and sachet tea and combinations of those products (“Tea Products”) for preparation and consumption of water-based tea drinks (“Tea”) and when combined with other liquids (e.g. milk) for the preparation of other beverages that contain Tea Products as the main and/or predominant ingredient and/or flavour (“Tea Beverages”); (iii) Coffee Products and Tea Products and chocolate which, in combination with so-called on-demand brewing systems (e.g. Tassimo, Senseo) provide for the preparation of on-demand Coffee and Coffee Beverages or Tea and Tea Beverages or Chocolate Beverages; and (iv) Coffee and Coffee Beverages and Tea or Tea Beverages for ready-to-drink consumption where Coffee Products or Tea Products are the main and/or dominant ingredient and/or flavour component, either carbonated or non-carbonated, in all distribution channels, including retail/fast moving consumer goods, wholesale, out- of- home, coffee shops, instant consumption, modern trade, traditional trade, e-commerce and whether distributed directly or indirectly through distributors or wholesalers; (c) the marketing and sales of (x) Chocolate Beverages, chocolate ingredients for Coffee Beverages and ingredients for a limited portfolio of non coffee beverages (milk powders or milk concentrates, and juice powders or juice concentrates whether or not sold simultaneously with coffee) offered in conjunction with Coffee Beverages as an ancillary offering to the main coffee portfolio, in each case only intended for use in out of home coffee machines and (y) other non coffee product...
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THE BUSINESS OF THE GROUP. 3.1 Save as disclosed in the Company Disclosures, (a) each of the Company and the other Group Companies has full power and authorisation (including but not limited to all necessary licences, consents, approvals and permits) under Applicable Laws and contracts entered into by it to conduct the Business as conducted at the date of this Agreement and the Completion Date; and (b) none of the Group Companies is, and has been, in violation of any Applicable Laws, and no event has occurred and no circumstances exists that (i) may constitute or result in a violation by any Group Company of, or a failure on the part of such entity to comply with, any Applicable Laws, or (ii) may give rise to any obligation on the part of any Group Company to undertake, or to bear all or any portion of the cost of, any remedial action of any nature. None of the Group Companies has received any notice from any Government Authority regarding any of the foregoing. No Group Company is under investigation with respect to a violation of any Applicable Laws. 3.2 The Company was not for the taxable year 2021 and does not expect to be for the current taxable year, a “passive foreign investment company,” within the meaning of Section 1297 of the Internal Revenue Code of 1986, as amended.
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THE BUSINESS OF THE GROUP. 3.1 Each member of the Group is a company duly incorporated and organised and validly existing under the laws of its jurisdiction of incorporation or organisation, is not in liquidation or receivership and has full power, right and authority to own, use, lease and operate its properties and to conduct its business as conducted at the date of this Agreement. 3.2 No order has been made, petition filed or resolution passed for winding up of any member of the Group, no scheme of arrangement has been proposed by the Company with its creditors or shareholders and no notice of appointment of a liquidator, receiver, administrative receiver or administrator has been served on it. 3.3 Each member of the Group is conducting and has at all times conducted its business and corporate affairs in accordance with all applicable laws and, so far as the Company is aware of, no member of the Group has any liability for any unlawful act committed by any of its officers or staff. 3.4 Save as disclosed, the present use by each member of the Group of each real estate property owned or leased thereby is a permitted use and does not breach any statutory provision or any lease, license, tenancy or occupation management in any jurisdiction. The intended use for each of these properties will be a permitted use and will not breach any statutory provision or any lease, license, tenancy, land grant, land transfer document or occupation arrangement in any jurisdiction. 3.5 All registers and minute books required by law to be kept by each member of the Group have been properly written up and contain accurate and complete record of matters which should be recorded in them, and no member of the Group has received any application or request for rectification of its statutory registers or any notice or allegation that any of them is incorrect. 3.6 All public filings, reports and records of the Group (including information contained in annual reports, statutory filings and registrations) (a) were made in compliance with the requirements of the Stock Exchange, as applicable, and (b) did not, at the time of their filing, contain any untrue statement or omit to state any fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. The financial statements of the Company included in such filings, reports and records comply with applicable accounting requirements and the rules and regulations of the...
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THE BUSINESS OF THE GROUP 
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Related to THE BUSINESS OF THE GROUP

  • Business of the Company The purpose of the Company is to carry on any lawful business, purpose or activity for which limited liability companies may be formed in accordance with Section 18-106 of the Act.

  • The Business The parties acknowledge that the Company is engaged in the development, marketing and sale of certain proprietary technologies, processes and related products in the areas of chemical detection, technical processes, and technical/business services, and that the Company may also from time to time become or may intend to become engaged in other business endeavors (individually and collectively, the "BUSINESS"). The Company shall be deemed to intend to become engaged in a business endeavor if it has devoted or expended any significant resources, either financial or human resources, towards the proposed endeavor, either in planning or implementing the undertaking of such planned endeavor.

  • BUSINESS OF THE PARTNERSHIP The purpose and nature of the business to be conducted by the Partnership is (i) to conduct any business that may be lawfully conducted by a limited partnership organized pursuant to the Act, provided, however, that such business shall be limited to and conducted in such a manner as to permit the General Partner at all times to qualify as a REIT, unless the General Partner otherwise ceases to qualify as a REIT, and in a manner such that the General Partner will not be subject to any taxes under Section 857 or 4981 of the Code, (ii) to enter into any partnership, joint venture, co-ownership or other similar arrangement to engage in any of the foregoing or the ownership of interests in any entity engaged in any of the foregoing and (iii) to do anything necessary or incidental to the foregoing. In connection with the foregoing, and without limiting the General Partner’s right in its sole and absolute discretion to qualify or cease qualifying as a REIT, the Partners acknowledge that the General Partner intends to qualify as a REIT for federal income tax purposes and upon such qualification the avoidance of income and excise taxes on the General Partner inures to the benefit of all the Partners and not solely to the General Partner. Notwithstanding the foregoing, the Limited Partners agree that the General Partner may terminate its status as a REIT under the Code at any time to the full extent permitted under the Charter. The General Partner on behalf of the Partnership shall also be empowered to do any and all acts and things necessary or prudent to ensure that the Partnership will not be classified as a “publicly traded partnership” for purposes of Section 7704 of the Code.

  • Assumed Business Names Borrower has filed or recorded all documents or filings required by law relating to all assumed business names used by Borrower. Excluding the name of Borrower, the following is a complete list of all assumed business names under which Borrower does business: None.

  • Non-Company Business Except with the prior written consent of the Board, Executive will not during the term of Executive’s employment with the Company undertake or engage in any other employment, occupation or business enterprise, other than ones in which Executive is a passive investor. Executive may engage in civic and not-for-profit activities so long as such activities do not materially interfere with the performance of Executive’s duties hereunder.