Continuing Business definition

Continuing Business means the activities of Purchaser on and after the Effective Date arising out of or employing the Business Assets and the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Business Assets.

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Continuing Business has the meaning specified in the Second Amendment.

Continuing Business means the business of the Company and its Subsidiaries existing immediately prior to the Closing, as such business is operated by the Continuing Business Company following the Closing Date.

Examples of Continuing Business in a sentence

• In all cases, severance pay provided by Purchaser and its Affiliates to any Continuing Business Employee shall not be less than what is required to be provided under applicable Law.

• Each Business Employee who accepts such offer of employment and each Business Employee employed by the Acquired Subsidiaries as of the Closing Date is referred to herein as a "Continuing Business Employee." Purchaser hereby acknowledges that individuals who are employees of the Acquired Foreign Subsidiaries on the Closing Date will be employees of Purchaser or an Affiliate of Purchaser immediately following the Closing Date.

• After the adoption of the Business Plan, Purchaser shall provide funding to the Continuing Business Profit Center in accordance with the Business Plan.

• In the event that the Continuing Business Profit Center (i) fails to meet a quarterly revenue target set forth in the Projections by 10% or more for two consecutive quarters, or (ii) generates a loss for any quarter, Purchaser shall have the right to amend the Business Plan in its sole discretion.

• For purposes of the preceding sentence and Purchaser's or an Affiliate's paid time off or vacation program, Purchaser shall take into account a Continuing Business Employee's service with Purchaser and its Affiliates from and after the Closing Date, plus all service before the Closing Date for which such Continuing Business Employee was credited under the corresponding Sellers Benefit Plan.

More Definitions of Continuing Business

Continuing Business means, for the purpose of tracking the Earn-Out, the business of TFSB that was acquired pursuant to this Agreement.

Continuing Business means all business operations of Borrower, other than the Commercial Business and any other discontinued operations of the Borrower.

Continuing Business means the business arising from the acquisition of the Business carried on by the Buyer in Australia after the Purchase Date which involves the provision of project information technology consulting services of the same or substantially similar type to those provided in the Business (except for the provision of project information technology consulting services by the Buyer's pre-existing business as at the Purchase Date). Without limitation, the Continuing Business will include all project information technology consulting services provided in Australia to the Infact Clients. If the Buyer acquires any other business in Australia which offers project information technology consulting services, then that business will be excluded from this definition of Continuing Business; CONTRACTOR CONTRACTS means all the contracts between the Seller and the Contractors in relation to the Business, including those forming annexure B; CONTRACTOR NOVATION AGREEMENTS means the agreements in the form of annexure G;

Continuing Business shall have the meaning set forth in Section 3.2(a).

Continuing Business is defined in Section 2.9.3 of this Agreement.

Continuing Business means the business operated by Seller and its Subsidiaries as of the Closing Date (but immediately after giving effect to the Closing), and any other business incidental or relating thereto, including, among other things, (a) the provision of solutions to improve the reliability of call recording, (b) the process of employing human behavioral modeling to analyze and improve customer solutions and help optimize the performance of call center agents, (c) the process of employing human behavioral modeling and analytics in the areas of fraud analytics, collections analytics, back office analytics, predictive modeling, email analytics, and student analytics, (d) the implementation and hosting of related hardware and software, and (e) the provision of related training and add-on consulting services.

Continuing Business means, for the purpose of tracking the revenue and operational profits, the Business of DRCI from the Measurement Date until its termination pursuant to this Agreement.