Common use of Limited Exceptions Clause in Contracts

Limited Exceptions. (A) Nothing contained in sub-clause 7.2 shall prohibit the Vendor or any Affiliate of the Vendor from making acquisitions of other businesses an insignificant part of which consists of activities that would but for this clause 7.5 constitute a breach by the Vendor, or any Affiliate of the Vendor, of the restrictions contained in sub-clause 7.2, provided that the Vendor or such Affiliate disposes of any business or assets that would otherwise be in breach of sub-clause 7.2 within one year of the date of acquisition. For the purposes of the foregoing an "insignificant" part means less than 20% by reference to the contribution to total revenues of the business so acquired. (B) Nothing contained in clause 7.2 shall prohibit O.I.L. (Shetland) Limited from continuing to carry on its existing business in the same scope and manner and to the same extent as presently carried on. (C) Nothing contained in sub-clause 7.2(C) shall prohibit O.I.L. (Shetland) Limited using "O.I.L." as part of its name for a period of twelve months from Completion. (D) The Purchaser covenants that neither it nor any member of the Sale Group shall following the expiry of twelve months after Completion use the name or business name "Ocean" or the logo used by the Vendor in its business or any other name, logo, trade or service mark which is or might be confusingly s▇▇▇▇ar thereto.

Limited Exceptions. (A) Nothing contained in sub-clause 7.2 shall prohibit the Vendor or any Affiliate of the Vendor from making acquisitions of other businesses an insignificant part of which consists of activities that would but for this clause 7.5 constitute a breach by the Vendor, or any Affiliate of the Vendor, of the restrictions contained in sub-clause 7.2, provided that the Vendor or such Affiliate disposes of any business or assets that would otherwise be in breach of sub-clause 7.2 within one year of the date of acquisition. For the purposes of the foregoing an "insignificant" part means less than 20% by reference to the contribution to total revenues of the business so acquired. (B) Nothing contained in clause 7.2 shall prohibit O.I.L. (Shetland) Limited from continuing to carry on its existing business in the same scope and manner and to the same extent as presently carried on. (C) Nothing contained in sub-clause 7.2(C) shall prohibit O.I.L. (Shetland) Limited using "O.I.L." as part of its name for a period of twelve months from Completion. (D) The Purchaser covenants that neither it nor any member of the Sale Group shall following the expiry of twelve months after Completion use the name or business name "Ocean" or the logo used by the Vendor in its business or any other name, logo, trade or service mark which ▇▇▇ch is or might be confusingly s▇▇▇▇ar similar thereto.