Ordinary Course definition
Examples of Ordinary Course in a sentence
Neither the Company nor any of its Subsidiaries will incur any Liability for Taxes from the date of the Most Recent Balance Sheet through the Closing Date, other than in the Ordinary Course of Business and consistent with reasonable past practices.
Neither the Company nor any of its Subsidiaries has Liability for the Taxes of any Person under Treasury Regulations Section 1.1502-6 (or any similar provision of state, local, or foreign law), as a transferee or successor, or by Contract (other than an Ordinary Course Agreement).
Except as disclosed in Section 4.13 of the Seller Disclosure Letter, since December 31, 2023 through the date of this Agreement, the Business has been conducted in all material respects in the Ordinary Course.
Except as disclosed in Parent SEC Documents, as of the date hereof, Parent is not party to any Contract (other than engagement agreements and nondisclosure agreements containing customary terms that were entered into in the Ordinary Course).
For purposes of clarity, routine contract negotiations, Ordinary Course service issues and immaterial disputes shall not be deemed to constitute “disputes” under this Section 5.20.