CHANGE IN BUSINESS definition

CHANGE IN BUSINESS. Make or permit any substantial change in, or cease in whole or in part, the present business of Borrower, or engage in any other activities apart from its present business.
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CHANGE IN BUSINESS with respect to the Company shall mean any change in or addition to the primary business of the Company that has not been approved by the Purchasers such that more than 10% of the Consolidated Net Earnings of the Company are derived from a business other than the retail and direct mail distribution and sale of bibles, books, gifts, music, video, church materials and novelty items of a Christian nature.
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CHANGE IN BUSINESS. TACT and IOT advise that the implementation of the Share Exchange Agreement, the Company Stock Purchase Agreement and the Shareholder Stock Purchase Agreement would constitute a material change in the nature of business as conducted by TACT and/or IOT.
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Examples of CHANGE IN BUSINESS in a sentence

  • If YES, a CHANGE IN BUSINESS STATUS FORM must be completed and returned for processing.

  • Two equalitarian alternatives would then be conceivable: either awarding the precious commodity by a drawing of lots so that everyone has an equal chance of getting it or sharing it on a rotation basis.

  • CHANGE IN BUSINESS We were incorporated in Nevada on January 23, 2004.

  • CHANGE IN BUSINESS PRACTICES: COLLECTION OF INTEREST, PENALTIES, AND HANDLING CHARGES FOR DELINQUENT PAYMENT OF EMPLOYER SANCTION FINESPriority: Substantive, NonsignificantLegal Authority: 4 CFR 101.2b; 4 CFR101.2; 4 CFR 102.13CFR Citation: 8 CFR 274ALegal Deadline: NoneAbstract: This rule amends the INS regulations by providing for theappropriate debt collection charges.

  • CHANGE IN BUSINESS PRACTICES; ACCEPTANCE OF PAYMENTS OF FEES BY CREDIT1271.

  • NO CHANGE IN BUSINESS No change in the business nature of the Group is contemplated following completion of the Introduction.

  • CHANGE IN BUSINESS PATTERN: In case of drop in volumes or insufficient work contractor will not be entitled for any compensation from CONCOR on this account.

  • The Company will not cause or effect any change in or addition to the primary business of the Company that has not been approved by Purchaser, such that more than 10% of the consolidated net earnings of the Company are derived from a business other than the business in which the Company was engaged on the date hereof as reflected in the applicable last SEC Document filed prior to the First Closing ("CHANGE IN BUSINESS"), except any such changes approved in advance in writing by the Representative.

  • CHANGE IN BUSINESS NAME, OWNERS, OPERATORS, SIGNERS, ADDRESS, TELEPHONE NUMBER AND EMAIL ADDRESS You agree to notify us promptly of any change in the business name, business owner, business operator, and/or Authorized Signer.

  • AUTHORITY TO WHICH CHANGES RELATE SECTION 2: AGREEMENT AND AUTHORISATION SECTION 3: CHANGE IN POSTAL OR EMAIL ADDRESSSECTION 4: CHANGE IN BUSINESS NAME (TRADING NAME) SECTION 5: CHANGE IN PARTNERS OF A PARTNERSHIP SECTION 6: CHANGE IN DIRECTORS OR CEO OF A COMPANYPlease refer to ‘Radiation Licence Information for Applicants’ for further information on licensing.


More Definitions of CHANGE IN BUSINESS

CHANGE IN BUSINESS. STRATEGY The initial assets of MRYP Newco consist of several types of properties including property held for future development, commercial properties, apartment communities and clay deposit property. As part of its business plan, MRYP Newco may dispose of its commercial properties, develop apartment communities on undeveloped land and rehabilitate existing apartment buildings. In addition, MRYP Newco intends to manage development and other communities for EQR. See "Merry Land Properties, Inc. -- Business Objectives and Operating Strategies." This business strategy, if implemented, entails numerous risks, including the risk that MRYP Newco will be unable to obtain financing necessary to implement the strategy, that development or rehabilitation costs will exceed estimates and that lease up rates, rental rates and occupancy will not meet expectations. The occurrence of any of the foregoing could have a material adverse effect on MRYP Newco's results of operations and financial condition. In addition, there can be no assurance that MRYP Newco will be able to acquire additional properties on terms and conditions that would be favorable to MRYP Newco or suitable to implement its business strategy or that MRYP Newco will be able to obtain additional management agreements or renewals of existing agreements on favorable terms. LACK OF GEOGRAPHIC DIVERSITY MRYP Newco's revenues and the value of its properties may be affected by a number of factors, including the local economic climate (which may be adversely impacted by business layoffs, industry slowdowns, changing demographics and other factors) and local real estate conditions (such as oversupply of or reduced demand for commercial and residential properties). The MRYP Newco Properties are all located in Georgia and South Carolina (except one unimproved parcel in Nashville, Tennessee and two unimproved parcels in Florida), and as a result, the operating results of MRYP Newco will be significantly dependent on the economic conditions in Georgia, particularly in Augusta and Savannah, and Charleston, South Carolina. Regional seasonal trends may also have a more significant impact on MRYP Newco than they had on Merry Land, since Merry Land's portfolio was much more geographically diverse. EQUITY FINANCINGS MAY NOT BE SUCCESSFUL In order to obtain financing necessary to execute its business plan, MRYP Newco plans to raise additional equity capital through the public or private equity markets. Such financing may be o...
Sample 1
CHANGE IN BUSINESS. Shall not enter into any business which is substantially different from the business or businesses in which it is presently engaged.
Sample 1
CHANGE IN BUSINESS with respect to the Company shall mean any change in or addition to the primary business of the Company that has not been approved by the Required Holder(s) such that more than 20% of the Consolidated Net Earnings of the Company are derived from a business other than the Current Business.
Sample 1

Related to CHANGE IN BUSINESS

  • Parent Business shall have the meaning set forth in the Separation and Distribution Agreement.

  • Change in Use means altering the purpose of an existing room, within the facility, that requires structural changes.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Change in Management means the failure of at least two (2) of Xxxxx X. Xxxxx, D. Xxxxx Xxxx or Xxxx X. Xxxxxxxxx to continue to be active on a daily basis in the management of the Borrower provided that if any such individuals shall die or become disabled the Borrower shall have sixty (60) days to retain a replacement executive of comparable experience which is reasonably satisfactory to the Administrative Agent.

  • Business concern or business means a business that has annual gross sales of less than $75,000,000 as evidenced by the federal income tax return of the business. A firm with gross sales in excess of this cap may apply to the Council for certification for a particular contract if the firm can demonstrate that the contract would have significant impact on businesses owned by minorities, women, or persons with disabilities as suppliers or subcontractors or in employment of minorities, women, or persons with disabilities.

  • Material Change in Formula means the occurrence since the Launch Date of a material change in the formula for, or the method of, calculating the Reference Price.

  • Qualifying business means a business which establishes a qualifying project in this state and which is certified by the Department of Economic Opportunity to receive tax credits pursuant to this section.

  • Similar Business means (1) any business conducted or proposed to be conducted by the Borrower or any of its Restricted Subsidiaries on the Closing Date, and any reasonable extension thereof, or (2) any business or other activities that are reasonably similar, ancillary, incidental, complementary or related to, or a reasonable extension, development or expansion of, the businesses in which the Borrower and its Restricted Subsidiaries are engaged or propose to be engaged on the Closing Date.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Qualified business means an eligible business that:

  • Divestiture means any transaction or event that the Board specifies as a Divestiture under Section 10.5.

  • Consolidated Businesses means the General Partner, the Borrower and their wholly-owned Subsidiaries.

  • Minority Business means a business:

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • Micro Business means a company which either:

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Issuer representing more than 50% of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Issuer for purposes of generally accepted accounting principles in the United States, or (b) any consolidation or merger of the Issuer or similar transaction or any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all of the consolidated assets of the Issuer and its subsidiaries, taken as a whole, to any Person other than one of the Issuer’s subsidiaries; provided that, in the case of either clause (a) or (b), the Issuer or the Acquiror is or becomes a Bank Holding Company or Savings and Loan Holding Company.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Core Business means any material line of business conducted by the Borrower and its Subsidiaries as of the Closing Date and any business reasonably related or incidental thereto.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.

  • Excluded Business has the meaning set forth in Section 6.10.