Common use of New Businesses Clause in Contracts

New Businesses. No Restricted Company shall engage in any business, except the businesses in which they are engaged on the Closing Date and any other Similar Business; provided, however, that the foregoing shall not be construed to prohibit the cessation by any Company of its business activities or the sale or transfer of the business or assets of such Company to the extent not otherwise prohibited by this Agreement.

New Businesses. No Restricted Company shall engage in any business, -------------- except the businesses in which they are presently engaged on the Closing Date and any other Similar Businessbusiness reasonably related to the Companies' current operations or the resort, leisure or ski business; provided, however, that the foregoing shall not be construed to prohibit the cessation by any Company of its business activities or the sale or transfer of the business or assets of such Company to the extent not otherwise prohibited by this Agreement.

New Businesses. No Restricted Company shall engage in any business, except the businesses in which they are presently engaged on the Closing Date and any other Similar Businessbusiness reasonably related to the Companies' current operations or the resort, leisure or ski business; provided, however, that the foregoing shall not be construed to prohibit the cessation by any Company of its business activities or the sale or transfer of the business or assets of such Company to the extent not otherwise prohibited by this Agreement.

New Businesses. No Restricted Company shall engage in any -------------- business, except the businesses in which they are presently engaged on the Closing Date and any other Similar Businessbusiness reasonably related to the Companies' current operations or the resort, leisure or ski business; provided, however, that the foregoing shall not be construed to prohibit the cessation by any Company of its business activities or the sale or transfer of the business or assets of such Company to the extent not otherwise prohibited by this Agreement.