New Business Line definition

New Business Line has the meaning set forth in Section 8.1.
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New Business Line means an operating unit, operating location, reporting entity, area of business, division, subdivision, department, line of business, product line or other similar component part which becomes a part of an Originator as a result of such Originator's merger with or acquisition of another entity after the date hereof.
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New Business Line means any business other than an Existing Business Line. Upon being presented with a request for consent by the Company or any Member to enter into any New Business Line, in accordance with the first sentence of this Section 8.1, CEOC may: (i) determine to accept the opportunity to enter into such New Business Line for itself or (ii) decline the opportunity to enter into such New Business Line for itself, the Company and the other Members, in which event no Member shall undertake such New Business Line. For the avoidance of doubt, (i) New Business Lines that are not contemplated to benefit from the Company’s services under the Services Agreement shall not be subject to any consent right of the member of the Steering Committee appointed by CEOC; provided, that such New Business Lines shall nevertheless be subject to Section 8.2 and (ii) this Section 8.1 shall not apply to the acquisition or development of any casino or casino resort property by the Company or any Member, which shall be governed by Section 8.3.
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Examples of New Business Line in a sentence

  • If the depreciation or amortization expense is on an asset only a portion of which is directly associated or identifiable with a New Business Line, then the Company shall include in the calculation of Net Earnings that portion of such depreciation or amortization expense that is equal to that portion of the asset that is directly associated or identifiable with a New Business Line.

  • Revenues from New Business Lines shall include only those amounts, if any, that (a) would properly be classified as "Revenues" in the Company's consolidated statement of operations and (b) are recognized as revenues from the sale or rental by the Company of products or the provision by the Company of services, as the case may be, within a New Business Line.

  • If only a portion of a cost or expense that would otherwise be included in Cost of Sales is directly associated or identifiable with New Business Line Revenues, the Company shall include in the calculation of Net Earnings only that portion of such cost or expense that is directly associated or identifiable with New Business Line Revenues.

  • If only a portion of any gain, income, loss or expense is directly associated or identifiable with a New Business Line, then the Company shall include in the calculation of Net Earnings only that portion of such gain, income, loss or expense that is directly associated or identifiable with a New Business Line.

  • Purchaser shall have no obligation whatsoever to pursue any New Business Line, it does not wish to, and the Parties agree that the Purchaser’s judgment in such matters is final.

  • Cost of Sales shall include only those costs and expenses incurred by the Company that (a) would properly be classified as "Cost of Sales" in the Company's consolidated statement of operations and (b) are directly associated or identifiable with New Business Line Revenues.

  • If the Company defers the recognition of New Business Line Revenues or accelerates the recognition of expenses included in the calculation of Net Earnings in a manner that is not in accordance with GAAP, then such deferral of New Business Line Revenues or acceleration of expenses shall be ignored for purposes of calculating Net Earnings under this Exhibit A.

  • If from time ------------------------------------------------------ to time Consultant or any Affiliate of Consultant desires to sell products or services within a New Business Line in a Selected Asian Country, then Consultant must notify the Company in writing thereof and give the Company the first opportunity to purchase such products and services within such New Business Line before Consultant or such Affiliate may sell such products or services to any third party.