New Business Opportunity definition

New Business Opportunity means an economic activity performed by a start-up or recruited business that meets the definition of subrule 53.9(1).

New Business Opportunity means any commercial proposal, prospect, solicitation, deal, transaction or opportunity relating to the Business. ​

New Business Opportunity has the meaning assigned to such term in Section 6.5(a).

Examples of New Business Opportunity in a sentence

• The Directors (including the independent non-executive Directors) will review the New Business Opportunity and decide whether to invest in the New Business Opportunity within thirty (30) business days of receipt of notice from Controlling Shareholders.

• If Corp Group Parent or Itaú Parent does not agree to the Chilean Bank pursuing or continuing to pursue or consummating any particular New Business Opportunity within thirty (30) days following receipt of such notice, the other party shall have the right to pursue and implement such New Business Opportunity unilaterally and not through the Chilean Bank.

• Our Board (including our independent non-executive Directors) will be responsible for reviewing and considering whether or not to take up a New Business Opportunity referred by a Covenantor or Controlled Company(ies) or whether or not the New Business Opportunity constitutes competition with the Restricted Business.

• Susan Lorde Martin, Syndicated Lawsuits: Illegal Champerty or New Business Opportunity?, 30 AM.

• Our Company is required to seek approval from our independent non-executive Directors who do not have a material interest in the matter for consideration as to whether to pursue or decline the New Business Opportunity, and that the appointment of an independent financial advisor to advise on the terms of the transaction in the subject matter of such New Business Opportunity may be required.

More Definitions of New Business Opportunity

New Business Opportunity is defined in Section 7.4(d).

New Business Opportunity has the meaning assigned to such term in the LLC Agreement.

New Business Opportunity means any opportunity to provide wealth management services that are provided by the LLC or its Subsidiaries as of the date hereof, including, but not limited to, (1) opening a new office of the LLC, (2) hiring or "lifting out" from another business one or more professional employees involving an initial signing bonus or comparable payment of $250,000 or more, or (3) acquiring a business that at the time of acquisition is engaged in investment management or investment advisory activities that the LLC performs at that time; provided, however, that the Principals may, by Majority Vote, determine that an opportunity is not a New Business Opportunity.

New Business Opportunity means any new commercial proposal, solicitation, deal, transaction, development project or business opportunity relating to the Business pursued by, or presented to, an ORIX Party after the Effective Date.

New Business Opportunity means (i) any new business opportunity of the Company, or (ii) any expansion of the Company's Business, that is, in each case (a) not included in the Company's Current Budget and (b) pursued in good faith, in furtherance of the Company's Business and in a manner that would not violate the provisions of Article IV (other than Sections 4.1(a), 4.3, 4.7(b)(i), 4.9(a), 4.10, 4.14, 4.19(b) (except for "most favored nation" clauses or other similar type restrictions) and 4.21).

New Business Opportunity has the meaning set out in Clause 5.2 (New Business Opportunity);

New Business Opportunity means any opportunity, venture, idea or concept developed by Employee that would utilize (in a material and meaningful manner) existing assets, owned by the Company, HMC, or any of their respective subsidiaries (but excluding MxxxxXxxxxxx.xxx and Tekno Books and Netco Partners and any other business unit now or in the future not wholly owned by HMC), or aligns or relates with or is competitive to a business of HMC or its subsidiaries, or is a business vertically or horizontally related to a business of the Company or one of HMC’s other businesses (but excluding MxxxxXxxxxxx.xxx and Netco Partners), in each case in a material and meaningful manner. Notwithstanding anything to the contrary in this Agreement, whenever the Employee shall be aware of a New Business Opportunity (whether or not developed by the Employee) during the term of employment hereunder, the Employee shall promptly bring such opportunity to the attention of the Company’s Board of Directors in writing, or orally (if confirmed in writing), and give a copy to HMC’s chief executive officer. All such new business opportunities shall be offered to the Company and HMC. Nothing in this Agreement grants Employee any right to utilize any assets or resources of any HMC Entity.