Ordinary Course definition
Examples of Ordinary Course in a sentence
Each such item of material tangible personal property or equipment is, in all material respects, in reasonable operable condition and repair, subject to normal wear and tear, ongoing repairs or refurbishments in the Ordinary Course of Business and obsolescence in the Ordinary Course of Business.
Except as disposed of in the Ordinary Course of Business, each Acquired Company has good, valid and marketable title to, or a valid leasehold interest in, all material items of tangible personal property and equipment necessary for the business or operations of the Acquired Companies and reflected on the Interim Financial Statements as being owned or leased by the Acquired Companies, free and clear of all Liens other than Permitted Liens.
Constellation does not have any Liability of a type required to be reflected on a balance sheet prepared in accordance with GAAP other than (a) those adequately reflected or reserved against in the Constellation Latest Balance Sheet, (b) those incurred in the Ordinary Course since the date of the Constellation Latest Balance Sheet, or (c) those that would not result in a Constellation Material Adverse Effect.
No loss, revocation, cancellation, suspension, termination or expiration of any such Permit is pending or, to the Knowledge of the Company, threatened, other than expiration or termination in accordance with the terms thereof or in the Ordinary Course of Business.
Except as required or expressly contemplated by this Agreement, since the Balance Sheet Date to the Put Option Date: (a) there has not been a Material Adverse Effect, (b) the Acquired Companies have conducted their respective businesses in the Ordinary Course of Business and (c) except for the Transactions, none of the Acquired Companies has taken any action that, had it occurred after the Put Option Date, would be prohibited by Section 8.2(b).