Operating Territory definition
Examples of Operating Territory in a sentence
Nothing in Section 8.4.1 above shall be construed as preventing Studies or Information from being disclosed pursuant to proper legal compulsion to government authorities in the Operating Territory or to any third Party entitled by law to obtain such Studies or Information.
Each Party shall secure its representation before any Operating Territory administrative or other public agency for matters involving its own rights and interests when such are separate from or, in conflict with the interests of the Venture Entity.
In the event of termination, the selling Party shall not, directly or indirectly, carry on or engage in, as an owner, manager, operator, employee, salesman, agent, consultant, or other participant, any Operations or any similar activities in the Operating Territory, for as long as the purchasing Party, or any person deriving title to the goodwill of the Venture Entity, carries on Operations in the Operating Territory.
In the event OPC elects to continue Operations in the Operating Territory as provided for in Section 11.2 above, it shall purchase from Affiliate all of Affiliate's rights, titles and interests in the Operations in the Operating Territory by purchasing all of Affiliate's shares in the Venture Entity.
Neither Affiliate nor the Venture Entity shall undertake any Operations either themselves or with others, directly or indirectly outside the Operating Territory.