Ordinary Course definition

Ordinary Course means, with respect to an action taken by a Person, that such action is consistent with the past practices of the Person and is taken in the ordinary course of the normal day-to-day operations of the Person.

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Ordinary Course or "ordinary course of business" means the ordinary course of business that is consistent with past practices.

Ordinary Course means, with respect to any Person, in the ordinary course of that Person’s business consistent with past practice, including as to the quantity, quality and frequency.

Examples of Ordinary Course in a sentence

Neither Seller has any liability or obligation (whether absolute, accrued, contingent or otherwise) that is not fully reflected or reserved against in the latest Financial Statements, except liabilities and obligations that have been incurred since the date of the latest Financial Statements in the Ordinary Course consistent with past practice and which are not, individually or in the aggregate, material in amount.
Each Loan Party shall preserve and maintain all of its leases, licenses, permits, franchises qualifications, and rights that are necessary and desirable in the Ordinary Course of Business, except where the failure so maintain, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.
All such Accounts Receivable (i) are valid, existing and collectible in a manner consistent with the Sellers’ past practice without resort to legal proceedings or collection agencies, (ii) represent monies due for goods sold and delivered or services rendered in the Ordinary Course, and (iii) are not subject to any refunds or adjustments or any defenses, rights of set-off, assignment, restrictions, security interests or other encumbrances.
No litigation or administrative or other proceeding, audit, examination or investigation is pending or asserted, or, to the Knowledge of Sellers, threatened, anticipated or expected to be asserted with respect to any Seller Benefit Plan or the assets of any such plan (other than routine claims for benefits arising in the Ordinary Course).
No Loan Party will accept returns of any Inventory from any Account Debtor except in the Ordinary Course of Business.

More Definitions of Ordinary Course

Ordinary Course means, with respect to an action taken by a Party or its Subsidiary, that such action is consistent with the past practices of such Party or such Subsidiary and is taken in the ordinary course of the normal day-to-day operations of the business of such Party or such Subsidiary.

Ordinary Course means, in the case of each of the Company and Parent, such actions taken in the ordinary course of its business and consistent with its past practice or, with respect to the Company, the customary practices of a recently formed company at a similar stage of development.

Ordinary Course means ordinary course of business or ordinary trade activities that are customary for similar businesses in the normal course of their ordinary operations and not while in financial distress.

Ordinary Course means, when used with reference to the Company, the ordinary course of the Company's business, consistent with past practices.

Ordinary Course means, with respect to an action taken by a Person:

Ordinary Course means the ordinary course of business of Seller, consistent with past practice and custom (including with respect to quantity and frequency).

Ordinary Course means the ordinary and usual course of the conduct of the Business substantially as currently conducted and conducted in the past.