Ordinary Course definition

Ordinary Course means, with respect to an action taken by any Person, that such action is in the ordinary course of business and consistent with the past practices of such Person.

Ordinary Course or "ordinary course of business" means the ordinary course of business that is consistent with past practices.

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.

Examples of Ordinary Course in a sentence

• Substantially change the nature of the business in which it is presently engaged, nor except as specifically permitted hereby or businesses related or incidental thereto, purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for assets or property which are useful in, necessary for and are to be used in its business as presently conducted.

• If an Event of Default has occurred and is continuing, no Credit Party will, without Agent's consent, compromise or adjust any Receivables (or extend the time for payment thereof) or accept any material returns of merchandise or grant any additional discounts, allowances or credits thereon except for those compromises, adjustments, returns, discounts, credits and allowances as have been heretofore customary in the Ordinary Course of Business of such Credit Party.

• If Accounts in an aggregate face amount of $250,000 or more cease to be Eligible Accounts (other than through the payment thereof in the Ordinary Course of Business), Borrowers shall notify Lender of such occurrence promptly (and in any event within one Business Day) after any Borrower has knowledge thereof.

• Furnish Agent, concurrently withUpon any reasonable request of Agent, furnish Agent, promptly following the delivery of the financial statements referred to in Sections 9.7 and 9.8 a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances in each case in the form provided to the Board of Directors of any Borrower in the Ordinary Course of Business.

• Upon any reasonable request of Administrative Agent, furnish Administrative Agent, promptly following the delivery of the financial statements referred to in Sections 5.01(e) and 5.01(f) a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 5.01(i) and a discussion and analysis by management with respect to such variances in each case in the form provided to the Board of Directors of the Borrower in the Ordinary Course of Business.

More Definitions of Ordinary Course

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.

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 the ordinary course of business of the Group Companies, consistent with past practice.

Ordinary Course means, when used with reference to the Company, the ordinary course of the Company's business, consistent with past practices.

Ordinary Course means ordinary course of business or ordinary trade activities that are customary for similar businesses in the normal course of their ordinary operations and not while in financial distress.

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

Ordinary Course means, with respect to an action taken by a Person: