Ordinary Course of Business definition

Ordinary Course of Business means the ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency).

Ordinary Course of Business means the ordinary course of business of the Company consistent with past practice.

Ordinary Course of Business means, with respect to any Person, an action taken by such Person if such action is (i) consistent with the past practices of such Person and is taken in the normal day-to-day business or operations of such Person and (ii) which is not required to be specifically authorized or approved by the board of directors of such Person.

Examples of Ordinary Course of Business in a sentence

• The Employee further acknowledges and agrees that he shall refer all matters which are outside the Ordinary Course of Business of the Company for the approval of the Board.

• Each Seller has maintained its Books and Records relating to the Business in the Ordinary Course of Business and has properly recorded and maintained records of all activities and transactions as required by applicable Law.

• Since December 31, 2023, except as expressly contemplated by this Agreement, (a) each Seller has conducted the Business with respect to the Purchased Assets in the Ordinary Course of Business and (b) no event has occurred that would reasonably be expected to cause, in whole or part, a material adverse effect on the Purchased Assets.

• All sales and use taxes required to be paid or collected by Seller or Manager in the ownership and operation of the Property have been or will be collected and paid, in the Ordinary Course of Business, to the appropriate governmental authority through the Closing Date.

• The Loan Parties shall not release, or subordinate, any Lien in favor of such Loan Party securing its Accounts, other than in the Ordinary Course of Business.

More Definitions of Ordinary Course of Business

Ordinary Course of Business means, with respect to a Person, the ordinary course of business of such Person and its corporate Affiliates consistent with past custom and practice.

Ordinary Course of Business means, with respect to any Person, the ordinary course of such Person’s business, as conducted by such Person in accordance with past practices and undertaken by such Person in good faith and not for the purpose of evading any covenant or restriction in any Loan Document.

Ordinary Course of Business means the ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency) and includes: (i) the payment of distributions in an amount not to exceed the distributions previously paid in the preceding twelve month period for the particular company; and (ii) the acquisition of commercial real estate properties that meet the investment guidelines of the company.

Ordinary Course of Business means the ordinary course of business consistent with past custom and practice.

Ordinary Course of Business means the ordinary and usual course of normal day-to- day operations of the Business consistent with the past practice of the Business through the date hereof, subject to any duties and restrictions imposed on Sellers under the Bankruptcy Code.

Ordinary Course of Business an action taken by a Person will be deemed to have been taken in the “Ordinary Course of Business” only if:

Ordinary Course of Business means, in respect of any transaction involving any Credit Party, the ordinary course of business of such Credit Party, as conducted by such Credit Party in accordance with past practices.