CMRE Entities definition
Examples of CMRE Entities in a sentence
Except as otherwise expressly provided in this Agreement or the MLP Agreement, each Party and its Affiliates shall be free to engage in any business activity whatsoever, including those that may be in direct competition with the CMRE Entities, JV Entities, the York Entities or the Partnership Group Members.
The Parties desire by their execution of this Agreement to evidence their understanding, as more fully set forth in Articles II and IV, with respect to (a) those business opportunities that the CMRE Entities (as defined herein) and York will not pursue during the term of this Agreement and (b) the procedures whereby such business opportunities are to be offered to the Partnership Group (as defined herein) and accepted or declined.
Following the Non-Compete Commencement Date, subject to Section 9.4 and except as permitted by Section 2.2 or pursuant to Section 4.1(a), each of the CMRE Entities and, during the Commitment Period (as such term is defined in the Framework Agreement), the York Entities and any JV Entity shall be prohibited from acquiring, owning, operating or chartering Five-Year Vessels or acquiring or owning Five-Year Vessel Interests.