consistent with past practice definition
consistent with past practice means substantially in the same scope, nature and manner as such services were provided immediately prior to the Closing Date.
consistent with past practice means consistent with past practice including as to time, frequency and amount. References in this Agreement to “consummation of an IPO” shall mean the date of consummation of the IPO without giving effect to any over-allotment option.
consistent with past practice when used to describe the operation of the Business, shall mean consistent with the manner in which the Business was operated during the period from January 1, 1996 through July 31, 1996.
More Definitions of consistent with past practice
consistent with past practice means consistent with past practice including as to time, frequency and amount. References in the Agreement to “person” shall mean an individual, a corporation, a partnership, an association, a trust or any other entity, group (as such term is used in Section 13 of the Exchange Act) or organization, including, without limitation, a Governmental Entity. References in this Agreement to “knowledge”, with respect to the Company, shall mean the knowledge of the persons listed in Section 8.15(a) of the Company Disclosure Letter after reasonable inquiry, and with respect to Parent, shall, mean the knowledge of the persons listed in Section 8.15(a) of the Parent Disclosure Letter after reasonable inquiry, and for these purposes an individual will be deemed to have knowledge of a particular fact or other matter if such individual is actually aware of such fact or other matter. References in this Agreement (except as specifically otherwise defined) to “made available” shall mean posted to the data room utilized by the parties in connection with the Agreement or otherwise delivered to Parent or its Representatives. References in the Agreement to “the transactions contemplated by this Agreement” or “the transactions contemplated hereby” shall not be deemed to include the Financing unless otherwise expressly provided herein.
consistent with past practice means the practice in the 24 months preceding the relevant date;
consistent with past practice means substantially consistent with the past applicable practice of the Company or the Subsidiary, as applicable, but without regard to inconsistencies of practice resulting from changes
consistent with past practice shall have the meaning set forth in Section 6.3(a).
consistent with past practice means using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies, that were used in the preparation of the Unaudited Financial Statements for the most recent fiscal year end of the Company, provided that (a) such accounting methods, practices, principles, policies and procedures as related to inventory shown on the Balance Sheet shall have been materially consistent with GAAP (except that any inventory shown on the Balance Sheet shall be subject to the following deviations from GAAP: (i) there is no obsolescence reserve due to the Company’s historical LIFO inventory reporting practice, and (ii) there is no reserve for slow-moving inventory as the Company has historically retained inventory that it believes to be useful in the future, which in some cases could be held for two (2) years or longer), and (b) such accounting methods, practices, principles, policies and procedures used in the preparation of the Unaudited Financial Statements shall not have been untruthful or fraudulent.
consistent with past practice means, with respect to the Seller, the Companies or the Business Assets, the practices of the Seller or the Companies since October 19, 2000.