Commercial Capital Business definition

Commercial Capital Business means the businesses of the GMACCH Companies.
Sample 1

Examples of Commercial Capital Business in a sentence

  • As the volume tiers increase, the basis point tier payout decreases.3Profitability is a percentage of the pre-tax income (after determining allocation of consolidated Company overhead expenses) of the Commercial Real Estate and Commercial Capital Business Segments.4Lending volume consists of a three-tiered basis point payout structure on loan volume paid monthly.

  • The Parties agree that the purpose of granting pre-Closing access to the Special Representatives is to facilitate Investor’s continuing business diligence and the creation of post-Closing transition plans and similar undertakings, and not to allow Investor to exercise managerial power or authority with respect to any GMACCH Company or the Commercial Capital Business.

  • Parent acknowledges that as of the Closing Date, Parent is familiar with the Company’s services, and the quality standards thereof, and the services of the Commercial Capital Business, and the quality standards thereof, prior to the Closing Date met or exceeded the foregoing standard.

  • The Special Representatives will have no managerial power or authority with respect to any GMACCH Company or the Commercial Capital Business.

  • The tangible assets owned or leased by the GMACCH Companies constitute sufficient tangible assets for the carrying on of the Commercial Capital Business as is currently being conducted in all material respects by the GMACCH Companies.

  • Each of the GMACCH Companies is duly qualified to do business and in good standing (to the extent such concepts or equivalent concepts are recognized in such jurisdictions) in all jurisdictions in which its ownership of property or the character of its business requires such qualification, except where the failure to so qualify or to be in good standing would not materially and adversely affect the Commercial Capital Business.

  • Except for the GMACCH Consolidated Subsidiaries and any other entity listed on Schedule 5.2(c), as of the date of this Agreement, the Company does not own or control, directly or indirectly, any shares of capital stock of any other corporation or interest in any partnership, joint venture, limited liability company or other non-corporate business enterprise which is material to the Commercial Capital Business, taken as a whole, or have any Contract to acquire such capital stock or other interest.

  • Each GMACCH Company has all requisite corporate power and authority necessary to enable it to carry on its business as presently conducted other than, in the case of any GMACCH Companies that are not Material Operating Companies, such power and authority the lack of which would not materially and adversely affect the Commercial Capital Business.

  • The GMACCH Companies have good and valid title to, or have a valid leasehold interest in, all tangible assets with a book value in excess of $250,000 used in the operation of the Commercial Capital Business, free and clear (in the case of such owned tangible assets) of all Liens, other than Permitted Liens.

Related to Commercial Capital Business

  • Commercial cannabis activity means the production, cultivation,

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Principal Business means the primary activity as determined by analyzing the amount of capi- tal, labor, time, attention, and floor space devoted to each business activity and by analyz- ing the sources of net income and gross income. The name, appearance, and advertising of the entity may also be taken into consideration if they are given less weight.

  • Commercial enterprise means a person (other than an individual) who carries on commercial activities in any jurisdiction relating to the production, trade, transport or use of forest risk commodities.”

  • Agricultural activities means agricultural uses and practices including, but not limited to: Producing, breeding, or increasing agricultural products; rotating and changing agricultural crops; allowing land used for agricultural activities to lie fallow in which it is plowed and tilled but left unseeded; allowing land used for agricultural activities to lie dormant as a result of adverse agricultural market conditions; allowing land used for agricultural activities to lie dormant because the land is enrolled in a local, state, or federal conservation program, or the land is subject to a conservation easement; conducting agricultural operations; maintaining, repairing, and replacing agricultural equipment; maintaining, repairing, and replacing agricultural facilities, provided that the replacement facility is no closer to the shoreline than the original facility; and maintaining agricultural lands under production or cultivation;

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Commercial driver s license" means:

  • commercial fishing means to take, harvest, hold, transport, or off-load marine species for sale or intended sale (R.I. Gen. Laws § 20-1-3).

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Additional Business Centre(s means the city or cities specified as such in the relevant Final Terms;

  • Commercial domicile means the principal place from which the trade or business of the taxpayer is directed or managed.

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services. (C) The term "Managerial Responsibilities" for purposes of this Unit Agreement shall mean managerial and supervisory responsibilities and duties that are substantially the same as that Grantee is performing for SunTrust or a SunTrust Affiliate on the date of this Unit Agreement. (D) The term "SunTrust Affiliate" for purposes of this Unit Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of §424(f) of the Code) of SunTrust except a corporation which has subsidiary corporation status under §424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate, conservatorship, guardianship or agency. (E) The term "Territory" for purposes of this Unit Agreement shall mean the states of Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, which are the states and Territories in which SunTrust has significant operations on the date of this Unit Agreement. (F) "Trade Secret" for purposes of Unit Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from it is disclosure or use, and (ii) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.

  • special business means all business transacted at a special meeting of shareholders and all business transacted at an annual meeting of shareholders, except consideration of the financial statements, auditor's report, election of directors and reappointment of the incumbent auditor;

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • LEC-carried means the transport of calls or messages on a Carrier’s network.

  • Business has the meaning set forth in the Recitals.

  • High Risk Activities means uses such as the operation of nuclear facilities, air traffic control, or life support systems, where the use or failure of the Services could lead to death, personal injury, or environmental damage.

  • Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million;

  • Business Centre means each of the places so specified in the relevant Pricing Supplement.

  • Interscholastic Activities means athletic or non-athletic/academic activities where students compete on a school vs. school basis.

  • initial capital or ‘Capital’: means the money that you initially subscribed to invest into the Plan.

  • Investment Enterprise means an enterprise to which the Borrower proposes to make or has made an Investment Sub-loan;

  • Commercial vessel means any vessel not owned and operated by the United States military or the United States Coast Guard.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, multi-apartment buildings, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Economic activities shall in principle include activities of an industrial, commercial and professional character and activities of craftsmen;

  • Commercial Fishing Worker means Commercial fishing worker as defined in Section 420.503, F.S.