Internet Service Business definition

Internet Service Business means: (i) any business principally engaged in (a) the operation of an internet connectivity or internet enhancement service as it exists from time to time, including, without limitation, dial up or dedicated internet service, web hosting or co-location services, security solutions, the provision and development of software in connection therewith, configuration services, electronic commerce, intranet solutions, data backup and restoral, business content and collaboration, communications tools or network equipment, products or services; or (b) the supply, provision, broadcast, delivery, distribution, collection or retrieval of information or content reasonably believed suitable for dissemination through the business, facilities or capacity of the Issuer or (ii) any business or property reasonably related to any of the foregoing. A good faith determination by a majority of the Board of Directors as to whether a business meets the requirements of this definition shall be conclusive, absent manifest error.

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Internet Service Business means any business operating an internet connectivity or internet enhancement service as it exists from time to time, including, without limitation, dial up or dedicated internet service, web hosting or collocation services, security solutions, the provision and development of software in connection therewith, configuration services, electronic commerce, intranet solutions, data backup and restoral, business content and collaboration, communications tools or network equipment products or services (including, without limitation, any business conducted by the Company or any Restricted Subsidiary on the Issue Date), and any business reasonably related to the foregoing. A good faith determination by a majority of the Board as to whether a business meets the requirements of this definition shall be conclusive, absent manifest error.

Internet Service Business shall have the meaning of the business of using the Internet and related hardware to provide customers with such services as dial-up Internet access, Digital Subscriber Services (DSL) access, email, web hosting, web acceleration, domain name services and other various related services.

Examples of Internet Service Business in a sentence

• The Company will not, and will not permit any of the Restricted Subsidiaries to, engage in a business which is not substantially an Internet Service Business.

• Substantially all of the Internet Service Business services provided by the Seller have conformed in all material respects with all applicable contractual commitments and all express and implied warranties, and the Seller has no material liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) for damages in connection therewith.

• Except as set forth in Section III.D., the Buyer is not assuming or undertaking to assume and shall have no responsibility for any liabilities of the Seller whether fixed or contingent, past, present or future, or direct or indirect, arising out of or in connection with Seller’s Internet Service Business or Seller’s ownership and use of the Assets, or any other acts or omissions of Seller in connection therewith prior to the Closing.

• Substantially all of the Internet Service Business services have conformed in all material respects with all applicable contractual commitments and all undisclaimed express and implied warranties, and the Company has no material liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due) for damages in connection therewith.

• Any and all Dial-Up Customers, selected DSL Customers, selected web hosting customers and other selected customers of miscellaneous services including Customer accounts and Customer contracts or agreements, of the Internet Service Business.

• All the Internet Service Business services are subject to standard terms and conditions which are set out at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.

• All of the Internet Service Business services provided by the Seller are subject to standard terms and conditions, a listing of which is attached hereto as Exhibit B.

• The Company will not, and will not permit any of the Subsidiaries to, engage in a business which is not substantially an Internet Service Business.

• The proceeds of the Loans will be used (i) to finance Buyouts and other acquisitions in the Internet Service Business and the payment of fees, commissions and expenses in connection therewith and (ii) for general corporate purposes of the Borrower and its Subsidiaries; provided that at least $3,000,000 of the aggregate Commitments shall at all times be reserved to pay interest on the Loans.

• The Borrower will not, and will not permit any of the Restricted Subsidiaries to, engage in a business which is not substantially an Internet Service Business.

More Definitions of Internet Service Business

Internet Service Business means any business operating an internet connectivity or internet enhancement service as it exists from time to time, including, without limitation, dial-up or dedicated internet service, web hosting or collocation services, security solutions, the provision and development of software in connection therewith, configuration services, electronic commerce, intranet solutions, data backup and restoral, business, content and collaboration, communications tools or network equipment products or services.

Internet Service Business means any business whose principal business is operating an Internet connectivity or Internet enhancement service as it exists from time to time, including, without limitation, dial up or dedicated Internet service, web hosting or co-location services, security solutions, the provision and development (including the intellectual property related thereto) of software in connection therewith, configuration services, electronic commerce, intranet solutions, data backup and restoration, business content and collaboration, communications tools or network equipment products or services (including without limitation, any business conducted by the Borrowers or any Subsidiary on the date of the Credit Agreement), and any business reasonably related to the foregoing. A good faith determination by a majority of the Boards of Directors of the Borrowers as to whether a business meets the requirements of this definition shall be conclusive, absent manifest error.

Internet Service Business means any business whose principal business is operating an internet connectivity or internet enhancement service as it exists from time to time, including, without limitation, dial up or dedicated internet service, web hosting or co-location services, security solutions, the provision and development of software in connection therewith, configuration services, electronic commerce, intranet solutions, data backup and restoral, business content and collaboration, communications tools or network equipment products or services (including without limitation, any business conducted by the Company or any subsidiary on the Issue Date of the Securities), and any business reasonably related to the foregoing. A good faith determination by a majority of the Board of Directors as to whether a business meets the requirements of this definition shall be conclusive, absent manifest error.

Internet Service Business has the meaning specified in the Indenture dated as of February 12, 1998 between the Parent and Norwest Bank Colorado, National Association, as Trustee relating to the 10% Senior Discount Notes issued by the Parent due 2008.