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.

Examples of Ordinary Course in a sentence

The Co-operation Agreement also contains provisions that will apply in respect of the ARM Share Schemes, directors’ and officers’ insurance and certain other arrangements related to employees, as well as provisions which pertain to SoftBank and ARM’s agreement in relation to the payment of the Dividend and any Ordinary Course Dividends.

The Purchaser shall prepare and file or cause to be prepared and filed all Tax Returns (other than Combined Tax Returns and Pre-Closing Tax Returns) of the Target Companies that are required to be filed after the Closing Date (taking into account any applicable extensions obtained in the Ordinary Course of Business); provided, that all such Tax Returns related to a Straddle Period will be prepared in a manner consistent with relevant past practices unless otherwise required by applicable Law.

During the 180 days following the Closing (the “ Mark Transition Period”), the Target Companies shall be entitled in the Ordinary Course of Business to (i) use and create Trade Materials containing the name “Boral” and/or any related logos, trade names, trade dress, trademarks and service marks containing the name “Boral” (collectively, the “Boral Marks”), and (ii) distribute and/or sell inventories of products containing or bearing the name “Boral” and/or any Boral Marks.

If the Effective Date occurs before the record date of any Ordinary Course Dividend, ARM Shareholders will not be entitled to receive such dividend.

In addition, as described in more detail in paragraph 2 of Part I of this document, ARM Shareholders will be entitled to receive and retain the Dividend and certain Ordinary Course Dividends without any reduction of the offer consideration payable under the Acquisition.


More Definitions of Ordinary Course

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