Prohibited Business Clause Samples

Prohibited Business. “Prohibited Business” means any business substantially similar to or competitive with the business conducted by Red Cat or its affiliates as of the day of this Agreement excluding the businesses of the Target Companies to be acquired in connection with the Acquisition, including, but not limited to the designing, manufacturing, marketing, importing, build or sell any Group 1 or Group 2 UAV drone (as defined below) to customers which are a Governmental Authority (as defined below) and/or any third-party intermediary to customers which are a Governmental Authority, and all ancillary activities and associated transactions, without the prior written consent of Red Cat. As used in this Agreement, a “Group 1 UAV” drone is defined as a small, lightweight unmanned system (such as the Teal 2 and RQ-11 Raven drones) weighing up to 20 pounds that are designed for operation at lower altitudes (capable of reaching up to 1,200 feet above ground level at speeds of less than 100 knots. As used in this Agreement, a “Group 2 UAV” drone is defined as drones that weigh between 21 and 55 pounds (such as the RQ-7 Shadow) and are designed for medium range missions, capable of reaching altitudes up to 3,500 feet above ground level and fly at speed less than 250 knots. As used in this Agreement, “Governmental Authority” means a national, state, municipal, local, or foreign government, any instrumentality, subdivision, court, administrative agency or commission, or other governmental authority, or any quasi-governmental or private body exercising any regulatory or other governmental or quasi-governmental authority.

Prohibited Business. Without limiting clauses 4.14 and 4.16 of this agreement, [the Company will not][no Group Company will], whilst NZVIF remains a Shareholder, change its principal business to any NZVIF Ineligible Business unless NZVIF expressly consents to that change. If [the Company][a Group Company] wishes to alter its principal business to a NZVIF Ineligible Business and NZVIF does not consent to that change, the Company will procure the purchase of NZVIF's Shares at a fair price which is not less than the sum which reflects the full cost of those Shares to NZVIF and provides NZVIF with an internal rate of return of 6% per annum on those costs. For the purposes of this clause, "NZVIF Ineligible Business" means any business which principally involves one or more of property development, retailing, mining or hospitality (but without precluding a business which markets a technology or other innovation to any of these industries), or acting as a financial intermediary.] [Drafting note: delete if NZVIF is not an investor] ▇.▇▇▇▇▇▇▇▇▇▇ 5. 1General Management: The management structure of the [Company][Group] will be determined by the Board from time to time.

Prohibited Business. During the JV Term, the JV Company shall not (1) maintain operations for the execution of, or execute, sales, trading or underwriting transactions and will not engage in any business that is not Joint Venture Business outside of Italy, except as otherwise contemplated by this Agreement, or (2) provide M&A Advisory on behalf of a Client that has publicly announced (and not withdrawn) its intention to acquire voting securities of Intesa or Crédit Agricole if after the consummation of such acquisition the Client would control Intesa or Crédit Agricole, as applicable, and the board of directors of Intesa or Crédit Agricole, as applicable, shall have publicly announced its opposition to such proposed acquisition (in which case the JV Company shall, to the extent practicable, thereafter terminate the portion of the applicable engagement to the extent relating to such hostile transaction against Intesa or Crédit Agricole, as applicable).

Prohibited Business arrangements between an industry member and a third party may consist of such things as sponsoring radio or television broadcasting, paying for advertising, or providing other services or things of value.

Prohibited Business. In addition to the Prohibited Uses, the following categories of businesses, business practices, and items for sale are prohibited from the Services. Most Prohibited Business categories are imposed by the requirements of UAE regulators. This list is non-exhaustive and we reserve the right to modify it at any time. It is within our sole discretion to determine whether an activity falls into a Prohibited Business category. If you are uncertain as to whether or not your use of the Services involves a Prohibited Business, or have questions about how these requirements apply to you, please contact us at ▇▇▇▇▇▇▇▇.▇▇/#▇▇▇▇▇▇▇. ❖ Drugs and drug paraphernalia (e.g., narcotics, controlled substances, and any equipment designed for making or using drugs); ❖ Marijuana/cannabis dispensaries and related products and businesses; ❖ Weapons, munitions, gunpowder and other explosives (including fireworks); ❖ Toxic, flammable, and radioactive materials; ❖ Pseudo-pharmaceuticals; ❖ Substances designed to mimic illegal drugs; ❖ Sexually explicit content; ❖ Sexually-related services; ❖ Pyramid and investment schemes, multi-level marketing schemes, and other unfair, predatory or deceptive practices; ❖ Items used for speculation or hedging purposes (such as derivatives); ❖ Credit and collection services; ❖ Items that infringe or violate any intellectual property rights such as copyrights, trademarks, trade secrets, or patents, including counterfeit or unauthorized goods; ❖ Products and services with varying legal status; ❖ Transactions that disclose the personal information of third parties in violation of applicable law; and ❖ Transactions related to cloud-mining.

Prohibited Business. None of the Med-Air Parties have directly or indirectly engaged, acquired, or negotiated to acquire an economic or other interest, in any Prohibited Enterprise since March 26, 2007.

Prohibited Business. (1) Subject to subsection (3), a bank in Singapore shall not - (a) grant or permit to be outstanding to any one person or to any group of persons under the control or influence of any one person, any credit facilities if the aggregate amount of such credit facilities exceeds 25% of its capital funds or such other percentage not exceeding 100% of its capital funds as the Authority may approve; (b) grant substantial loans which in the aggregate exceeds 50% of its total credit facilities or such other percentage as the Authority may determine; (c) grant any credit facility against the security of its own shares; (d) grant, directly or indirectly, unsecured credit facilities which in the aggregate and outstanding at any one time exceed the sum of $5,000 - (i) to any of its directors, whether those credit facilities are obtained by its directors jointly or severally; (ii) to a firm or limited liability partnership in which the bank or any of its directors has an interest as a partner, manager or agent, or to any individual or firm or limited liability partnership of whom or of which any of its directors is a guarantor; (iii) to a company in which any of its directors, whether legally or beneficially, owns more than 50% of the issued capital or in which any of its directors controls the composition of the board of directors, but excluding public companies the securities of which are listed on any securities exchange approved under the Securities and Futures Act (Cap. 289) or such other securities exchange which the Authority may approve, and the subsidiaries of such public companies; or (iv) to any corporation, other than a bank, that is a related corporation of the bank; (e) grant to any of its officers (other than a director) or its employees or other persons, being persons receiving remuneration from the bank (other than any persons receiving remuneration from a bank in respect of their professional services) unsecured credit facilities which in the aggregate and outstanding at any one time exceed one year's emoluments of that officer or employee or person. (2) Subsection (1) (a) and (b) shall not apply to - (a) transactions with the Government; (b) transactions between banks; (c) the purchase of telegraphic transfers or loans or advances made against telegraphic transfers; (d) any facilities granted against letters of credit or bills or guarantees or documents in respect of imports into or exports from Singapore; or (e) any other type of transactions which t...

Prohibited Business. None of the Med-Air Parties have directly or indirectly engaged, acquired, or negotiated to acquire an economic or other interest, in any Prohibited Enterprise since March 26, 2007. 5.8. Med-Air Center Portfolio. Schedule 5.8 of the Disclosure Schedules sets forth a complete and correct list (by name and address) of all of the Centers which the Med-Air Parties and their respective Affiliates own, operate, or have an economic interest in (or are negotiating to own, operate, or have an economic interest in), as of the Effective Date. 10 5.9.

Prohibited Business. Prohibited Business" means any entity that is engaged in the business of Fashion Retailing and whose activities or products are directly or indirectly competitive with those of Employer. For purposes of this Agreement "Fashion Retailing" shall mean the retail marketing and sales of men's and women's apparel and fashion accessories, including both casual and formal attire.