Covered Relationship definition
Examples of Covered Relationship in a sentence
You will not directly or indirectly solicit, or provide assistance to anyone else seeking to solicit, any person having or contemplating a Covered Relationship (“Covered Relationship” means a customer, vendor, employment or any other contractual or independent contractor relationship) with the Company or an Affiliate to refrain from entering into or terminating the Covered Relationship, or entering into any similar relationship with anyone else instead of the Company or such Affiliate.
A well-defined weakness in a Covered Relationship may include, but is not limited to, slow leasing or sales activity resulting in protracted repayment or default on the loan, changes in concept or plan due to unfavorable market conditions, materially deteriorated market conditions, delinquent taxes, or the inability to obtain necessary zoning or permits.
If California law applies, then: (a) the noncompetition obligations in Section 8 shall not apply; and (b) the Covered Relationship nonsolicitation obligations in Section 8 shall not apply; and (c) the Covered Entity nonsolicitation obligations in Section 8 shall be limited to situations where You are aided in Your conduct by the use or disclosure of the Company’s trade secrets (as defined by applicable law).
If Missouri law applies, then the Covered Relationship nonsolicitation obligations in Section 8 will be modified to exclude any employee who performs only secretarial or clerical services.
The Company agrees that it will not consummate a transaction, the result of which would directly or indirectly cause the Company to come under the Control of another Company (a "New Parent") without first ensuring that said New Parent to the extent it is engaged in the Business, and any entity that is engaged in the Business with which the New Parent thereafter establishes a Covered Relationship, agrees to be bound by this Neutrality Agreement.
It is understood that the relationship between the Company and any Other Covered Entity shall be a Covered Relationship.