Excluded Business definition

Excluded Business means Excepted Business for which AUL has exercised its option pursuant to Sections 2.02(b), 2.06(b), 7.05(a) and/or 7.05(b) to exclude from calculation of its Profit Commission.
Excluded Business means a Business excluded from application for an
Excluded Business means each of the following:

Examples of Excluded Business in a sentence

  • If either Buyer or Seller receives proceeds from a customer in respect of an account receivable that relates to both the Business and the Excluded Business and the customer does not specify whether the payment relates to the Business or the Excluded Business, such proceeds shall be prorated between Buyer and Seller based upon the sales relating to the Business and the sales relating to the Excluded Business reflected by such account receivable.

  • Seller shall promptly forward or cause to be forwarded to Buyer any and all proceeds from accounts receivable relating to the Business that are received by Seller or its Affiliates on or after the Closing Date, and Buyer shall promptly forward or cause to be forwarded to Seller any and all proceeds from accounts receivable relating to the Excluded Business that are received by Buyer or any of its Affiliates on or after the Closing Date.

  • If any customer deducts any amount in respect of an account receivable that relates to both the Business and the Excluded Business and the customer does not specify whether the deduction relates to the Business or the Excluded Business, any amounts deducted by such customer shall be prorated between Buyer and Seller based upon the sales relating to the Business and the sales relating to the Excluded Business reflected by such account receivable.

  • For purposes of this Agreement, the term “Seller Information” shall mean all information concerning Seller or its Affiliates or the Excluded Business or the Excluded Products, other than information that relates to the Business, the Assets and the Assumed Liabilities and other than any such information that is generally available to the public on the Closing Date, or thereafter becomes generally available to the public other than as a result of a breach of this Section 8(a)(ii).

  • Notwithstanding anything in this Agreement to the contrary, Buyer acknowledges and agrees that during the twelve- month period following the Closing Date, Seller and its Subsidiaries shall be entitled to use the Intellectual Property described on Schedule 8(d) in connection with the Excluded Business and the Excluded Products.


More Definitions of Excluded Business

Excluded Business means Sellers’ independent practice association business, which is operated by NYNM Acquisitions, LLC and its subsidiaries.
Excluded Business means: (i) the business and undertakings of the Generator related to the marketing and trading functions of the Generator in respect of retail and wholesale Electricity supply or conservation, and retail and wholesale demand response, including any Financial Contracts, Physical Delivery Contracts, transmission rights agreements, or load-related Ancillary Service agreements entered into in connection with any of the foregoing to which the Generator is a party or an arranger, broker or aggregator, and any other trading or hedging activities related to the foregoing, but excluding any Financial Contracts or Physical Delivery Contracts in respect of Xxxxx Energy that the Generator enters into in accordance with the provisions of Section 1.10(b); (ii) the intangible property, inventory, activities, undertakings, revenues and goodwill related to the production or sale of By-products; and (iii) the business and undertakings of the Generator related to all other activities undertaken by the Generator that are not directly or indirectly related to the Facility or the site on which the Facility is located; and in the case of
Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.
Excluded Business means the business, operations and activities of researching, discovering and developing pre-clinical and developmental assets, including without limitation the pre–clinical product candidates Oravance (oral beta-lactam/BLI combination) and Omnivance (broad spectrum carbapenemase inhibitors), the pre-clinical polymyxin programs, and all other pre-clinical and developmental programs being conducted at or in connection with the Business Leased Real Property.
Excluded Business means, collectively, (a) the Cigna Reinsured Business and (b) all other Insurance Contracts other than (i) the Long-Term Care Insurance Contracts, (ii) the Specified Life and Annuity Insurance Contracts and (iii) Insurance Contracts reinsured or assumed by a Target pursuant to a Reinsurance Agreement set forth in Section 4(w)(i)(A) of the Sellers Disclosure Schedule.