Primarily Used In The Business definition

Primarily Used In The Business means, with respect to any Asset, that such Asset is primarily used, or held for use, in the Business of the relevant Parent’s Group.
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Primarily Used In The Business means primarily relating to, or used primarily or held for use primarily in or by, the Business or in connection with the development of the existing Products. Notwithstanding anything herein to the contrary, Sellers shall retain possession of any Transferred Assets reasonably necessary, as mutually agreed by the parties, in connection with Sellers’ performance of their obligations under the Ancillary Agreements (as defined below) and such Transferred Assets shall be delivered to Buyers not at the Closing but as soon as reasonably practicable after the earlier of (x) the date on which such Transferred Asset is no longer reasonably necessary in connection with Sellers’ performance under the Ancillary Agreements or (y) the expiration or termination of the relevant Ancillary Agreements. Furthermore, notwithstanding anything herein to the contrary, Sellers shall not be precluded from retaining copies of Transferred Assets that are documents (whether such documents are evidenced in writing, electronically or otherwise) necessary for retention in accordance with past practices for regulatory compliance or other similar purposes, provided that all such material shall be held in confidence in accordance with Section 5.8. Upon the transfer, and not prior thereto, of (i) the PMA Application and the related Product Records pursuant to Section 4.8 and (ii) the RESILIENT IDE and the related Product Records pursuant to Section 4.9, the PMA Application, RESLIENT IDE and the Product Records related to each shall be deemed Transferred Assets.
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Examples of Primarily Used In The Business in a sentence

  • This will include causing the Contributed Subsidiaries to distribute, divest or otherwise transfer out any assets that are not at least Primarily Used In The Business (other than Shared Assets) and to cause the recipient of such distributed, divested or transferred assets to assume and indemnify such Contributed Subsidiaries for any Liability arising under or relating to such assets.

Related to Primarily Used In The Business

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Related to the Business means required for, primarily related to, or used primarily in connection with, the Business as conducted by the Sellers as of the date hereof and prior to the Closing.

  • Excluded Business has the meaning set forth in Section ‎9.1.1.

  • Primarily means 50 percent or more of the time.

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Company Business means the business of the Company as presently conducted.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Separate Business means each of the activities of the Licensee connected

  • Women-owned business means a business that is at least 51 percent owned by one or more women who are U.S. citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest is owned by one or more women who are U.S. citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more women.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Controlled unaffiliated business means a company:

  • Retained Businesses means all businesses now, previously or hereafter conducted by Parent, the Sellers or any of their Subsidiaries or Affiliates, other than the Business.

  • Veteran-owned business means a business that is at least 51% owned by a veteran or veterans who are U.S. citizens and who control and operate the business

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Acquired Business means the entity or assets acquired by Borrower in an Acquisition, whether before or after the date of this Agreement.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.