Conduct of Business definition

Conduct of Business. The CONSULTANT has all necessary authorizations, approvals, orders, licenses, certificates and permits (collectively, the "Approvals") of and from all governmental regulatory officials and bodies, to own or lease its properties and conduct its business and the CONSULTANT has been doing business in compliance with all such material Approvals, and all Federal, state and local laws rules and regulations, other than any such Approvals, laws, rules and regulations, the failure to comply with which would not have material adverse effect on the CONSULTANT, its business, properties or operations. All licenses and findings of suitability required to be obtained by any affiliate of the CONSULTANT have been obtained and are in full force and effect.
Conduct of Business. Prior to closing, Carnival shall conduct its business only in the normal and ordinary course and shall use its best efforts to preserve its business intact, to retain the services of its present employees, to preserve the goodwill of its customers and suppliers. Carnival shall adhere to covenants consistent with those for similar transactions, including restrictions on (i) changes to capital structure, (ii) accounting policies, (iii) changes in benefit plans and executive compensation, etc. As long as non-Charger stockholders are in managerial positions, the business shall be conducted in an ordinary manner consistent with the long-term development of the business and past practice. No trade loading will occur. The Put and Call provisions described above shall terminate and become void, at Charger's election, in the event that the following catastrophic events occur: (a) the authorities close down the business of Carnival; (b) the authorities seize all or substantially all of the assets of Carnival preventing the conduct of business; (c) the authorities claim taxes or other similar levies that are in a cumulative amount of $30 million or more, and are claimed for periods prior to the closing; and (d) other catastrophic events that render Carnival unable to carry on its business.
Conduct of Business. The Company has carried on and will carry on its business in an efficient normal and proper manner so that the financial standing and position of the Company as at Completion will not have deteriorated materially from that disclosed in the Financial Statements;

Examples of Conduct of Business in a sentence

  • NO PARTY WILL BE LIABLE TO THE OTHER PARTY FOR SPECIAL, INDIRECT, INCIDENTAL, EXEMPLARY, CONSEQUENTIAL OR PUNITIVE DAMAGES, OR LOSS OF PROFITS, ARISING FROM THE RELATIONSHIP OF THE PARTIES OR THE CONDUCT OF BUSINESS UNDER, OR BREACH OF, THIS AGREEMENT, EXCEPT WHERE SUCH DAMAGES OR LOSS OF PROFITS ARE CLAIMED BY OR AWARDED TO A THIRD PARTY IN A CLAIM OR ACTION AGAINST WHICH A PARTY TO THIS AGREEMENT HAS A SPECIFIC OBLIGATION TO INDEMNIFY ANOTHER PARTY TO THIS AGREEMENT.

  • At least five (5) members of the Board must approve the consideration of any item not on the agenda of a regular or special meeting.Continued CONDUCT OF BUSINESS 1.

  • CASC HEREBY UNDERTAKES TO PROVIDE THE FUND WITH CERTAIN ADMINISTRATIVE SERVICES THAT MAY BE REQUIRED IN THE CONDUCT OF BUSINESS.

  • CONDUCT OF BUSINESS RULE 17 In conformity with Rule 11, seven members of the Committee shall constitute a quorum.

  • IT IS INTENDED THAT THIS POLICY SHALL BE USED ONLY ON RARE OCCASIONS WHERE NECESSARY FOR THE CONDUCT OF BUSINESS BY BOARDS AND COMMITTEES.The intent of this policy is to establish clear guidelines on the practice of remote participation by Town Boards under the Open Meeting Law, M.G.L. c.30A, 18-25.


More Definitions of Conduct of Business

Conduct of Business means a competent authority entrusted with the duty to ensure compliance of a financial sector operator with the conduct of business or the consumer protection framework set out in any of the legislative acts referred to in Article 1(2) of Regulation (EU) 1093/2010, Article 1(2) of Regulation (EU) No 1094/2010 and Article 1(2) of Regulation (EU) No 1095/2010 and in any national laws transposing them.
Conduct of Business means the active pursuit of economic profit by an ongoing concern by providing goods or services to others as evidenced by a preponderance of the following: payment of wages and salaries; social security taxes; unemployment taxes; workers compensation taxes; self-employment taxes; local business taxes; maintenance of business records such as those related to sales, shipments, personnel or payroll.
Conduct of Business. The minute books and corporate records of MDSI-UK, all of which have been provided to DDS, contain accurate and complete copies of its constating documents and any amendments thereto, and there are no outstanding applications or filings which would alter the constating documents or corporate status of MDSI-UK. MDSI-UK has properly recorded all material transactions and has filed the appropriate notices with respect to such transactions. The directors' and shareholders' resolutions and minutes contained in the corporate records of MDSI-UK are accurate and complete;
Conduct of Business. The minute books and corporate records of DDS-US, all of which have been provided to MDSI, contain accurate and complete copies of its constating documents and any amendments thereto, and there are no outstanding applications or filings which would alter the constating documents or corporate status of DDS-US. DDS-US has properly recorded all material transactions and has filed the appropriate notices with respect to such transactions. The directors' and shareholders' resolutions and minutes contained in the corporate records of DDS-US are accurate and complete;
Conduct of Business means the active pursuit of economic profit by an on-going concern by providing
Conduct of Business. Except as set forth in the SEC Reports, since December 31, 1998 there has been no Material Adverse Effect and neither the Company nor any of its Subsidiaries has (i) incurred any material obligation or liability (absolute or contingent) other than in the ordinary course of business; (ii) canceled, without payment in full, any material notes, loans or other obligations receivable or other debts or claims held by it other than in the ordinary course of business; (iii) sold, assigned, transferred, abandoned, mortgaged, pledged or subjected to lien any of its material properties, tangible or intangible, or rights under any material contract, permit, license, franchise or other agreement; (iv) conducted its business in a manner materially different from its business as conducted on such date; or (v) declared, made or paid or set aside for payment any cash or non-cash distribution on any shares of its capital stock. Except as disclosed in the SEC Reports, the Company and its Subsidiaries own, possess or have obtained all governmental, administrative and third-party licenses, permits, certificates, registrations, approvals, consents and other authorizations necessary to own or lease (as the case may be) and operate their properties, whether tangible or intangible, and to conduct their business or operations as currently conducted, except such licenses, permits, certificates, registrations, approvals, consents and authorizations the failure of which to obtain would not have a Material Adverse Effect.
Conduct of Business. No Material Change 22 7.1.2 Maintain Business as Going Concern 23 7.1.3 Investigation 23