Ordinary Course of the Business definition

Ordinary Course of the Business means the usual and ordinary operation of the Business consistent with past practice.
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Ordinary Course of the Business means a manner generally consistent with past business practices as evidenced by historical events, trends and customary approach.
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Ordinary Course of the Business means the ordinary course of the Business consistent with past practice (including recent past practice in light of COVID-19, and any action taken, or omitted to be taken, that relates to or arises out of COVID-19 that is reasonable and prudent from a business perspective at the time so taken or omitted shall be deemed to be in the ordinary course of Business).
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Examples of Ordinary Course of the Business in a sentence

  • The accounts receivable due or accruing to Corporation reflected in the Financial Statements and all accounts receivable of Corporation arising since the date of the Financial Statements arose from bona fide transactions in the Ordinary Course of the Business and are valid, enforceable and fully collectible accounts (subject to a reasonable allowance, consistent with past practice, for doubtful accounts as reflected in the Financial Statements or as previously disclosed in writing to the Purchaser).

  • The advances under the Bridge Loan would be available to MSC for the following uses: (i) as to up to $200,000, to pay outstanding legal fees owed by MSC to MSC's legal counsel; and (ii) as to all other amounts advanced, to pay for operating expenses of MSC then due and payable in the Ordinary Course of the Business.

  • Except to the extent expressly disclosed or reserved against in the Financial Statements or incurred since the Financial Statement Date in the Ordinary Course of the Business, the Company does not have any outstanding indebtedness or any liabilities or obligations (whether accrued, absolute, contingent or otherwise).

  • Any liabilities or obligations incurred in the Ordinary Course of the Business since the Financial Statement Date have not, and will not, result in a Material Adverse Change.

  • The level of Inventories is consistent with the level of inventories that has been maintained in the operation of the Business prior to the date hereof in accordance with the Ordinary Course of the Business.

  • Except to the extent reflected or reserved against in the balance sheet (including the notes thereto) forming part of the Financial Statements and except in respect of normal trade payables arising in the Ordinary Course of the Business, the Corporation has not any outstanding indebtedness or liabilities (whether accrued, absolute, contingent or otherwise) nor any outstanding commitments or obligations of any kind exceeding USD $100,000.

  • Except as disclosed in the Last Accounts or the Disclosure Materials, there are no loans, guarantees, material undertakings, material commitments on capital account or unusual liabilities other than in the Ordinary Course of the Business.

  • Except to the extent reflected or reserved against in the balance sheet (including the notes thereto) forming part of the Financial Statements and except in respect of normal trade payables arising in the Ordinary Course of the Business, the Corporation has not any outstanding indebtedness or liabilities (whether accrued, absolute, contingent or otherwise) nor any outstanding commitments or obligations of any kind exceeding USD $2,500.

  • Except to the extent reflected or reserved against in the balance sheet (including the notes thereto) forming part of the Financial Statements and except in respect of normal trade payables arising in the Ordinary Course of the Business, the Corporation has not any outstanding indebtedness or liabilities (whether accrued, absolute, contingent or otherwise) nor any outstanding commitments or obligations of any kind exceeding USD $10,000.


More Definitions of Ordinary Course of the Business

Ordinary Course of the Business means the regular performance or execution of those acts necessary and/or convenient for the proper and normal development of the Business consistent with the customs and practices of the Companies prior to the Signing Date.
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Related to Ordinary Course of the Business

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

  • the ordinary course of business means matters connected to the day-to- day supply of goods and/or services the by B&O business or the Harman International business and does not include matters involving significant changes to the organisational structure or related to the post-merger integration of the B&O business and by the Harman International business;

  • Buyer in ordinary course of business means a person that buys goods in good faith, without knowledge that the sale violates the rights of another person in the goods, and in the ordinary course from a person, other than a pawnbroker, in the business of selling goods of that kind. A person buys goods in the ordinary course if the sale to the person comports with the usual or customary practices in the kind of business in which the seller is engaged or with the seller's own usual or customary practices. A person that sells oil, gas, or other minerals at the wellhead or minehead is a person in the business of selling goods of that kind. A buyer in ordinary course of business may buy for cash, by exchange of other property, or on secured or unsecured credit, and may acquire goods or documents of title under a preexisting contract for sale. Only a buyer that takes possession of the goods or has a right to recover the goods from the seller under article 2 may be a buyer in ordinary course of business. The term does not include a person that acquires goods in a transfer in bulk or as security for or in total or partial satisfaction of a money debt.

  • Lessee in ordinary course of business means a person who in good faith and without knowledge that the lease to him or her is in violation of the ownership rights or security interest or leasehold interest of a third party in the goods leases in ordinary course from a person in the business of selling or leasing goods of that kind but does not include a pawnbroker. "Leasing" may be for cash or by exchange of other property or on secured or unsecured credit and includes acquiring goods or documents of title under a pre-existing lease contract but does not include a transfer in bulk or as security for or in total or partial satisfaction of a money debt.

  • 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.

  • Past Practice means past practices, accounting methods, elections and conventions.

  • 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.

  • Ordinary Course Transferees (i) with respect to goods only, buyers in the ordinary course of business and lessees in the ordinary course of business to the extent provided in Section 9-320(a) and 9-321 of the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction, (ii) with respect to general intangibles only, licensees in the ordinary course of business to the extent provided in Section 9-321 of the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction and (iii) any other Person who is entitled to take free of the Lien pursuant to the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction.

  • Past Practices shall have the meaning set forth in Section 3.5.

  • Ordinary Course Professional Order means the Order Authorizing the Retention and Compensation of Certain Professionals Utilized in the Ordinary Course of Business [D.I. 765].

  • 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.

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

  • Water course means a natural channel or an artificial channel formed by training or diversion of a natural channel meant for carrying storm and waste water.

  • Ordinary Course Professionals Order means any order of the Bankruptcy Court permitting the Debtors to retain certain professionals in the ordinary course of their businesses.

  • Payables as of any date shall mean any of the trade accounts payable associated with the Business as of such date in accordance with GAAP consistently applied.

  • Course of conduct means two or more acts, including, but not limited to, acts in which the stalker directly, indirectly, or through third parties, by any action, method, device, or means, follows, monitors, observes, surveils, threatens, or communicates to or about a person, or interferes with a person’s property.

  • 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”.

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

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

  • Approved course means a course that has been approved by the department for the training of lead professionals.

  • 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.

  • 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.

  • Course means classroom training delivered live either physically in person or virtually via the internet.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

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

  • course of study means any course of study, whether or not it is a sandwich course and whether or not a grant is made for attending or undertaking it;