Ordinary Course of Business definition

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

Ordinary Course of Business means, in respect of any transaction involving any Person, the ordinary course of such Person’s business, as conducted by any such Person in accordance with past practice and undertaken by such Person in good faith and not for purposes of evading any covenant or restriction in any Loan Document.

Ordinary Course of Business means the ordinary course of business consistent with past custom and practice.

Examples of Ordinary Course of Business in a sentence

• For the avoidance of doubt, each Applicable Employee on layoff status, leave status or with recall rights as of the Closing Date, shall continue in such status and/or retain such rights after Closing in the Ordinary Course of Business.

• Any liabilities incurred in connection with litigation or judicial, administrative or arbitration proceedings or claims against the Company or any Company Subsidiary shall not be deemed to be incurred in the Ordinary Course of Business.

• Except for Contracts evidencing Loans made by the Bank in the Ordinary Course of Business, Schedule 2.10 lists all Material Contracts, true and complete copies of which have been delivered to Parent (except in the case of oral Contracts).

• All such policies are legal, valid, binding, enforceable and in full force and effect as of the date hereof and, to the extent usual and customary in the context of the business and the operations in which the Company and the Company Subsidiaries are engaged, and will continue in effect until Closing (or if such policies are cancelled or lapse prior to Closing, renewals or replacements thereof will be entered into in the Ordinary Course of Business).

• Since December 31, 2022 the business of the Company and each Company Subsidiary has been conducted only in the Ordinary Course of Business.

More Definitions of Ordinary Course of Business

Ordinary Course of Business means an action which is taken in the ordinary course of the normal day-to-day operations of the Person taking such action consistent with the past practices of such Person, is not required to be authorized by the board of directors of such Person (or by any Person or group of Persons exercising similar authority) and is similar in nature and magnitude to actions customarily taken, without any authorization by the board of directors (or by any Person or group of Persons exercising similar authority), in the ordinary course of the normal day-to-day operations of other Persons that are in the same line of business as such Person.

Ordinary Course of Business an action taken by a Person will be deemed to have been taken in the “Ordinary Course of Business” only if:

Ordinary Course of Business means the usual transactions, customs and practices undertaken by the Company to conduct its business operations and activities and includes all such activities which the company can undertake as per Memorandum & Articles of Association. The Board and Audit Committee may lay down the principles for determining ordinary course of business in accordance with the statutory requirements and other industry practices and guidelines.

Ordinary Course of Business means the ordinary and usual course of day-to-day operations of the business of the Company through the date hereof consistent with past practice.

Ordinary Course of Business means the ordinary course of business of the Company consistent with past custom and practice (including with respect to frequency and amount).

Ordinary Course of Business means, in respect of any transaction involving any Credit Party, the ordinary course of business of such Credit Party, as conducted by such Credit Party in accordance with past practices.

Ordinary Course of Business means the ordinary course of business of the Person in question, consistent with past custom and practice (including with respect to quantity, quality and frequency).