Connected Business Clause Samples

The "Connected business" clause defines what entities are considered related or affiliated with a party for the purposes of the agreement. Typically, this includes subsidiaries, parent companies, or other organizations under common control, and may also extend to joint ventures or entities with significant shared ownership. By clearly identifying which businesses are treated as connected, the clause ensures that obligations, rights, or restrictions in the contract apply not only to the named parties but also to their relevant affiliates. This helps prevent circumvention of contractual terms and provides clarity about the scope of the agreement.
Connected Business. The Company: (i) is not and has not agreed to become the holder or beneficial owner of any class of any shares, debentures or other securities of any other company (wherever incorporated); (ii) has not been and has not agreed to become a subsidiary of any other company or under the control of any group of companies or consortium; (iii) is not and has not at any time been and has not agreed to become a member of any partnership, joint venture, consortium or other unincorporated association; and (iv) has no branch, place of business, permanent establishment or substantial assets outside of Malaysia.
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Connected Business. 5.1 No interest in other companies The Company is not, and has not agreed to become, the holder or beneficial owner of any class of any shares, debentures or other securities of any company anywhere in the world.
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Connected Business. The Company: (i) is not and has not agreed to become the holder or beneficial owner of any class of any shares, debentures or other securities of any other company (wherever incorporated); (ii) has not been and has not agreed to become a Subsidiary of any other company or under the control of any group of companies or consortium; (iii) is not and has not at any time been and has not agreed to become a member of any partnership, joint venture, consortium or other unincorporated association; and (iv) has no branch, place of business, permanent establishment or substantial assets outside of China.
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Connected Business. 5.1 Interests in other companies Details of all shares or other securities held by the Company and of any shares or other securities agreed to be acquired by the Company anywhere in the world are set out in the Disclosure Letter. 5.2 No shareholders’ agreement Save as Disclosed, the Company is not a party to any shareholders’ agreement or similar arrangement or agreement which purports to regulate, control or otherwise affect the voting or disposition of its shares. 5.3 Relationship with Ingenious Details of all contractual arrangements under which services are provided by Ingenious to any member of the Group (including as to fees payable) are set out in the Disclosure Letter. 5.4 Permanent establishment outside of jurisdiction of incorporation The Company does not have any permanent establishment from which it conducts business outside its jurisdiction of incorporation. 5.5 Warrantors not interested in other related businesses Save as Disclosed, the Warrantors are not at the date hereof either on their own account or in conjunction with or on behalf of any person, firm or company engaged, concerned or interested, directly or indirectly, whether as shareholder, director, partner, agent or otherwise (save as the holder of not more than 3% of the issued share capital of any company whose shares are quoted on any public stock exchange where such holding is for investment purposes only) in (i) any business of a similar nature to or competitive with that carried on by the Company, or (ii) which has a close trading relationship with the Company or (iii) the American Idol or Pop Idol TV programmes in any territory in the world or (iv) a television programme which competes with the Format (as defined in the Pearson Agreement)(for the purposes of this paragraph 5(a), it is understood that a programme competes with the Format if it involves a search for a (i) recording and/or song writing artiste (whether an individual artist or a group of more than one) or (ii) a comedian or (iii) a dancer and the making of commercial recordings by that artist(s), comedian or dance or exploitation of songs written by that artist(s) or the signature of a recording and/or publishing and/or broadcast agreement by that artist(s) or person. 5.6 No management of other companies Save for any member of the Group and any company listed in the Disclosure Letter as being a company in which the Company has any shareholding, the Company does not take part in or control the management of any oth...
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Connected Business. 5.1 The Company is not, and has not agreed to become, the holder or beneficial owner of any class of any shares, debentures or other securities of any company anywhere in the world save for the Subsidiaries. 5.2 The Company is not a party to any shareholders' agreement or similar arrangement or agreement which purports to regulate, control or otherwise affect the voting or disposition of its shares. 5.3 The Company does not have any place of business or branch or permanent establishment or assets outside its jurisdiction of incorporation, other than its branch operation in Finland. 5.4 Save as Disclosed, the Sellers are not at the date hereof either on their own account or in conjunction with or on behalf of any person, firm or company engaged, concerned or interested, directly or indirectly, whether as shareholder, director, partner, agent or otherwise in any business of a similar nature to or competitive with that carried on by the Company, or which has a close trading relationship with the Company. 5.5 Save for the Subsidiaries, the Company does not take part in or control the management of any other company or business organisation.
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Connected Business. The Company: (i) is not and has not agreed to become the holder or beneficial owner of any class of any shares, debentures or other securities of any other company (wherever incorporated); (ii) has not been and has not agreed to become a Subsidiary of any other company or under the control of any group of companies or consortium; (iii) is not and has not at any time been and has not agreed to become a member of any partnership, joint venture, consortium or other unincorporated association; and (iv) has no branch, place of business, permanent establishment or substantial assets outside of Hong Kong.
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Connected Business 
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Related to Connected Business

  • Restricted Business For all purposes under this Agreement, “Restricted Business” shall mean the design, development, marketing or sales of software, or any other process, system, product, or service marketed, sold or under development by the Company at the time Executive’s Employment with the Company ends.

  • Business Landlord acknowledges that it is not the intent of this Section 30 to prohibit Tenant from using the Premises for the Permitted Use. Tenant may operate its business according to prudent industry practices so long as the use or presence of Hazardous Materials is strictly and properly monitored according to all then applicable Environmental Requirements. As a material inducement to Landlord to allow Tenant to use Hazardous Materials in connection with its business, Tenant agrees to deliver to Landlord prior to the Commencement Date a list identifying each type of Hazardous Materials to be brought upon, kept, used, stored, handled, treated, generated on, or released or disposed of from, the Premises and setting forth any and all governmental approvals or permits required in connection with the presence, use, storage, handling, treatment, generation, release or disposal of such Hazardous Materials on or from the Premises (“Hazardous Materials List”). Tenant shall deliver to Landlord an updated Hazardous Materials List at least once a year and shall also deliver an updated list before any new Hazardous Material is brought onto, kept, used, stored, handled, treated, generated on, or released or disposed of from, the Premises. Tenant shall deliver to Landlord true and correct copies of the following documents (the “Haz Mat Documents”) relating to the use, storage, handling, treatment, generation, release or disposal of Hazardous Materials prior to the Commencement Date, or if unavailable at that time, concurrent with the receipt from or submission to a Governmental Authority: permits; approvals; reports and correspondence; storage and management plans, notice of violations of any Legal Requirements; plans relating to the installation of any storage tanks to be installed in or under the Project (provided, said installation of tanks shall only be permitted after Landlord has given Tenant its written consent to do so, which consent may be withheld in Landlord’s sole and absolute discretion); all closure plans or any other documents required by any and all federal, state and local Governmental Authorities for any storage tanks installed in, on or under the Project for the closure of any such tanks; and a Surrender Plan (to the extent surrender in accordance with Section 28 cannot be accomplished in 3 months). Tenant is not required, however, to provide Landlord with any portion(s) of the Haz Mat Documents containing information of a proprietary nature which, in and of themselves, do not contain a reference to any Hazardous Materials or hazardous activities. It is not the intent of this Section to provide Landlord with information which could be detrimental to Tenant’s business should such information become possessed by Tenant’s competitors.