Business Restriction definition

Business Restriction means (A) any divestiture, disposal or hold-separate arrangement with respect to any part of the business, operations, Assets and Properties or product lines of Parent, Merger Sub, the Company, the Surviving Corporation or any of their respective Subsidiaries, (B) any requirement to license Intellectual Property or to disclose source code or trade secrets to competitors or potential competitors, (C) any other restriction on the ability of Parent, Merger Sub, the Company, the Surviving Corporation or any of their respective Subsidiaries to compete in any geographic area or line of business or product line, and/or (D) any other restriction on the manner in which, or whether, Parent, Merger Sub, the Company, the Surviving Corporation or any of their respective Subsidiaries may conduct business in any part of the world.
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Business Restriction means any termination, restriction or impairment of the rights of Purchaser under or with respect to the Purchased Assets (including the Purchased Contracts and Customer Contracts) or the ability of Purchaser to conduct the Business in substantially the same manner as conducted by Seller or its Subsidiaries since January 1, 2004 and, if applicable, prior to any event or determination to which any reference to a “Business Restriction” may relate.
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Business Restriction has the meaning set forth in Section 5.7(b).
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Examples of Business Restriction in a sentence

  • Pursuant to Section 14(a) of Addendum II, Executive agrees that prior to July 22, 2003, unless the Primary Business Restriction expires or is eliminated or waived by Sprint PCS, Executive shall not have a primary business other than his involvement with the Company, regardless of whether he is currently employed by the Company.

  • The Core Business Restriction Period, Medical Receivables Business Restriction Period and Pre-Settlement Receivables Business Restriction Period shall each be extended for any period during which Stockholder is determined to be in breach of this Agreement.

  • Neither Seller nor any Subsidiary has received any notice of any default or there is no event that with notice or lapse of time, or both, that would constitute a default by Seller or any Subsidiary under any of the Transferred Leases which default (whether or not remedied) would result in the imposition upon Purchaser of any material Liability or material Business Restriction prior to the occurrence of such default.

  • No Legal Proceedings, including those listed on Schedule 5.11, has or will, if adversely determined, prevent Seller from consummating or performing, or has or will have an adverse affect on Seller’s ability to consummate the transactions or perform its obligations under this Agreement, or would result in the imposition upon Purchaser of any material Liability or any material Business Restriction.

  • Except as set forth on Schedule 5.9, neither Seller nor any Subsidiary are in default and no event has occurred that with notice or lapse of time or both would constitute a default by Seller or any Subsidiary under any Customer Contract with a Significant Customer or under any Purchased Contract, except for defaults that would not result in the imposition upon Purchaser of any material Liability or material Business Restriction.

  • This restriction shall not apply to a Potential Tenant if such Potential Tenant (i) has multiple locations within the City of Wichita at the time of such solicitation, or (ii) such Potential Tenant is considering opening up a second location within the Private Development Site in addition to maintaining its current location within the Business Restriction Radius.

  • To the Knowledge of Seller, (i) there is no reasonable basis for any claim or Legal Proceeding against the Business to be brought by any other Person and (ii) there is no Order outstanding against, or relating to, any portion of the Business, which in each case would result in the imposition upon Purchaser of any material Liability or any material Business Restriction.