Bona Fide Business Purpose definition

Bona Fide Business Purpose means the acquisition, maintenance, operation or improvement of new or existing assets consistent with the line of business conducted by the Borrower and its Subsidiaries on the date hereof or any business reasonably related or ancillary thereto (including, without limitation, the development of real property), including, by way of illustration only, current Capital Expenditures, payment of operating costs then due and owing, payment of taxes and scheduled debt service then due and owing and payments due in connection with property development.
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Bona Fide Business Purpose means activities conducted for the purpose of providing information relevant to business decisions, or analysis underlying business decisions, of Company in connection with the business relationship between Company and DJJ.
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Bona Fide Business Purpose shall have the meaning commonly associated with such term but in no event shall be deemed to include a Liability Management Transaction.
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Examples of Bona Fide Business Purpose in a sentence

  • User Administrator and Company shall limit access to ScrapConnect to persons engaged in activities having a Bona Fide Business Purpose.

  • Definition of Terms in Statement: Bona Fide Business Purpose: A bona fide business purpose exists if the individual can prove a real business purpose for incurring the expense.

  • Bona Fide Business Purpose for Spousal Travel – IRS Definition In order for the travel of the accompanying spouse to not be taxable to the employee, the presence of the spouse must be essential (not just beneficial) to the University employee being able to carry out his/her business purpose for theUniversity.

  • User Administrator shall identify the position, Bona Fide Business Purpose, and level of access necessary (collectively, the "Role") of each User to whom User Administrator grants access to ScrapConnect.

  • Business Meal: A meal that includes more than one person, has a substantive and Bona Fide Business Purpose deemed essential to the University's mission, and has departmental approval.

  • Benevento, 91 N.Y.2d 708 (1998)).selection process “weigh[ed] heavily against calling a constitutional convention .

Related to Bona Fide Business Purpose

  • Business Purposes ’ means purposes normally or otherwise reasonably associ- ated with the use of land for business activities, including shops, offices, showrooms, restaurants or similar businesses other than places of instruction, public garages, builder’s yards, scrap yards and industrial activities;

  • Valid business purpose means one or more business purposes that alone or in combination

  • Business Purpose means the use of personal information for the business’s or a service provider’s operational purposes, or other notified purposes, provided that the use of personal information shall be reasonably necessary and proportionate to achieve the operational purpose for which the personal information was collected or processed or for another operational purpose that is compatible with the context in which the personal information was collected. Business purposes are:

  • Private Business Use means use (directly or indirectly) in a trade or business or activity carried on by any Private Person (other than a Tax-Exempt Organization) other than use as a member of, and on the same basis as, the general public.

  • Initial Business Plan means the business plan to be provided by the Franchisee to the Secretary of State as described in paragraph 2.1 of Schedule 13 (Information and Industry Initiatives);