New Opportunity Sample Clauses
The "New Opportunity" clause defines the process by which one party may present or propose additional business opportunities to the other party during the term of their agreement. Typically, this clause outlines the criteria for what constitutes a new opportunity, the method for notification, and any obligations for review or response by the receiving party. Its core function is to facilitate ongoing collaboration and ensure that both parties have a clear, agreed-upon process for considering and potentially pursuing new ventures or projects that arise after the initial agreement is in place.
New Opportunity. 14.6.1 If a Shareholder identifies or becomes aware of any opportunity relevant to the Business in the territory referred to in clause 2.1.2 which is not expressly carved out by clause 14.3 (the “New Opportunity”), then (unless it considers that the New Opportunity does not merit consideration by the Company) the relevant Shareholder (the “Referring Shareholder”) shall notify the Board in writing with reasonable details as to the nature of the New Opportunity as soon as reasonably practicable and, in any event, before any material negotiations commence with any third party.
14.6.2 If the Board, excluding for the purposes of voting only any Directors appointed by the Referring Shareholder, chooses to pursue the New Opportunity (subject always to the requisite approval if the New Opportunity is a Reserved Matter), the Shareholders shall procure that the Group uses all reasonable endeavours to implement the New Opportunity as soon as reasonably practicable.
14.6.3 If (i) a Shareholder considers that a New Opportunity (for the avoidance of doubt, which does not include any opportunity being considered by KDP) does not merit consideration by the Company or (ii) the Board (a) chooses to pursue the New Opportunity, but does not enter into a transaction within six months or (b) chooses not to pursue the New Opportunity, then neither Shareholder, nor any Affiliate, shall be entitled to proceed on its own with such New Opportunity, except to the extent that the New Opportunity relates to the United States, Canada or Mexico.
New Opportunity. 14.6.1 If a Shareholder identifies or becomes aware of any opportunity relevant to the Business in the territory referred to in clause 2.1.2 which is not expressly carved out by clause 14.3 (the “New Opportunity”), then (unless it considers that the New Opportunity does not merit consideration by the Company) the relevant Shareholder (the “Referring Shareholder”) shall notify the Board in writing with reasonable details as to the nature of the New Opportunity as soon as reasonably practicable and, in any event, before any material negotiations commence with any third party.
14.6.2 If the Board, excluding for the purposes of voting only any Directors appointed by the Referring Shareholder, chooses to pursue the New Opportunity (subject always to the requisite approval if the New Opportunity is a Reserved Matter), the Shareholders shall procure that the Group uses all reasonable endeavours to implement the New Opportunity as soon as reasonably practicable.
14.6.3 If (i) a Shareholder considers that a New Opportunity does not merit consideration by the Company or (ii) the Board (a) chooses to pursue the New Opportunity, but does not enter into a transaction within six months or (b) chooses not to pursue the New Opportunity, then unless the New Opportunity has already been considered and rejected by JDE in accordance with the provisions of the JDE Shareholders Agreement, the Referring Shareholder shall procure that the New Opportunity is offered to JDE to the extent that such New Opportunity would also constitute a New Opportunity (as such term is defined in the JDE Shareholders Agreement) for JDE (a “Relevant Opportunity”). If (i) JDE chooses (or has already chosen) not to pursue the New Opportunity in accordance with the provisions of the JDE Shareholders Agreement or (ii) such New Opportunity is not a Relevant Opportunity, then neither Shareholder, nor any Affiliate, shall be entitled to proceed on its own with such New Opportunity.
New Opportunity. Tsa Rona Social Development Company; realise that in Lesotho most small scale farmers are into dairy cow farming and meat production as currently there are NO commercial dairy cow farmers. Commercial goat milk and processing has a very high demand locally and globally as mentioned before due to its nutritious milk and learn and organic tasty meat; people are now realising the benefit of eating exotic goat products especially cheese as a healthy commodity and the cosmetics based with goat milk for their benefits on the people’s skin that is why there is still a high demand on goat products worldwide. Goats are very easy to raise for organic products which the price is quite competitive, live goats are not only in demand for spiritual and traditional ceremonies but also as pets; so selling them alive is another market, including its droppings if professionally packaged and treated can be sold as organic fertilizers. A goat farm can easily make passive income in many ways, for encouraging people to visit the farm to see and play with the goats [agritourist], farm brunch/braai and farm cheese making tour and events, eg Birthdays, weddings, cheese and wine etc. Tsa Rona Social Development Company through Maphutsaneng Valley Dairy Goat Farm due to the opportunity of the market globally; we are going to make sure that our goats eat only organic feeding to penetrate the market with that trade mark category; investing with ▇▇▇ ▇▇▇▇ Social Development Company; you will not be only making a lot of investment returns; but you will be taking part in the alleviation of both rural and urban poverty in Lesotho amongst youth and women, as our products will create employment on and off the farm. Tsa Rona Social Development Company intends to employ around 14+- local youth and women to meant both the dairy goats and the dairy production. We are going to feel most of the post with people with agriculture background, and a qualified experienced vet which will be on contractual call, a full time farm promoter and marketer.