OBJECTS OF THE COMPANY Sample Clauses

OBJECTS OF THE COMPANY. The primary purpose of the Company shall be to undertake the business of building and selling Super Mega Yachts based on the drawings, models and descriptions exclusively held by the company, and provided by GUM as his IP.

OBJECTS OF THE COMPANY. The purpose of the company is: 1. To implement the SulphCo technology that reduces sulfur and upgrades crude and refined oils through a patented ultrasonic process, 2. To Purchase the Heavy or the medium crude oil and to sell the processed oil 3. Marketing oil & oil products 4. To import machinery, computer and the ultra sound equipment related to its activities. 5. To produce machinery, computer and the ultra sound equipment related to its activities. Company activities will include all related activities or ancillary by way of relating its objectives. The company may set up subsidiary establishment or bodies, or may have interest in or enter into agreement, joint-ventures partnership with other companies, establishment or bodies practicing work similar to its own, both inside and outside the U.A.E. The above mentioned purpose shall be interpreted wildly without restrictions.

OBJECTS OF THE COMPANY. The principal objects of the COMPANY shall be to manufacture, develop, market, distribute and sell the Products in Japan with the license granted under a master license agreement to be separately entered into by the COMPANY and ASC (the "Master License Agreement"), and to do all business transactions incidental or conducive thereto.

OBJECTS OF THE COMPANY. 2.1. The objects of the Company shall be those set out in the Memorandum of Association 2.2. The central management and control of the Company shall be exercised in UK and each of the Shareholders shall use its best endeavours to ensure that the Company is treated by all relevant authorities as being resident for taxation and other purposes in UK

OBJECTS OF THE COMPANY. To manage a business of development, production, marketing and running communications systems and communications services.

OBJECTS OF THE COMPANY. 4.1 The objectives of the Company are to engage in all matters connected with the carrying on of the Business Operations or necessary therefor, and to achieve the above objectives the Company may :- 4.1.1 engage in the design, development, implementation and ownership of the e-Wallet, e-Money, Micro Finance or Micro Credit, Pawn shop, e-Commerce, remittance and any other business modesl to the extent necessary for its operations; 4.1.2 carry on the business of e-logistics or any other support including rural mini collection and distribution services throughout Indonesia, as may from time to time be agreed upon by its Shareholders; 4.1.3 borrow funds and conduct all manner of financial transactions necessary for its business activities; and 4.1.4 engage in any activity and endeavour in the pursuit of and in conformity with the objectives and purposes mentioned above and conduct its activities in the broadest sense of the word in such manner and in such form as is permitted under the prevailing laws. 4.2 The Company shall be responsible for the development and completion of the Project. The development costs of the Project are estimated to be approximately United States Dollars Three Million (US$3,000,000) in the first year, and another US$2 million (US$2,000,000) in the second and third years, the details of which are more particularly set out in Schedule 2 of this Agreement. The Parties agree to work towards and to co-operate with one another with a view to keeping down the development costs of the Project. The Parties shall further endeavour to ensure that the breakdown of the development costs of the Project keep as closely as possible to the figures set out in Schedule 2.

OBJECTS OF THE COMPANY. 2.1 The principal activity of the Company shall be to carry on the development and provision of software services to support social housing providers and public sector bodies deliver their services as detailed in the executive summary information technology business plan (the “Business Plan”) a copy of which is attached at Schedule 2. 2.2 Subject to Clause 2.3 the Business Plan may from time to time by resolution of the board of directors be updated, amended and revised, and additional activities or purposes may be determined for the Company, but in each case having regard to the provisions of this Agreement (including in particular Clause 4.3). 2.3 No change to the Business Plan may result in a fundamental change to the nature of the business carried out by the Company or increase the contributions to be made to the Company by one or more Members unless that change is adopted or ratified by a resolution of a general meeting of the Company supported by not less than 75% of the total votes exercisable at such meeting by the Members present and entitled to vote. 2.4 The board of directors shall on a periodic basis and not less than annually consider and, if thought appropriate, pass resolutions to effect such revisions and amendments to the Business Plan.

OBJECTS OF THE COMPANY