Basic Business definition

Basic Business. – means a trade, business, activity, or occupation being carried on within the municipality including the sale or hire of goods and/or services, the offer of or the showing for the purpose of sale or hire of samples, patterns or specimens of any goods and any business or activity which is not otherwise specifically classified within this By-law;
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Basic Business shall have the meaning given to such term in Section 3.05.
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Basic Business the business of providing asset-based financing and related services to business enterprises, including, but not limited to equipment leasing and financing, accounts receivable purchase and financing, finished goods inventory financing, renting, selling and leasing new and reconditioned equipment, the purchase, financing or servicing of third party originated lease and equipment loan portfolios and other services related to the foregoing; provided that, in the case of Quantum, Basic Business shall mean primarily the business of renting analytical instruments, but may also include leasing and financing and selling new and reconditioned equipment.
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Examples of Basic Business in a sentence

  • Borrower covenants and agrees with Lender that while this Agreement is in effect, Borrower shall not, without the prior written consent of Lender: Maintain Basic Business.

  • The parties also shall execute a written lease in the same form as this Lease, modified to incorporate the Basic Business Terms set forth in Landlord’s Notice and to eliminate any terms of the Lease that are inconsistent with the Basic Business Terms.

  • Upon Tenant’s exercise of the Right Of First Offer, Landlord shall lease to Tenant and Tenant shall lease from Landlord the Offered Space on the terms and conditions of this Lease, with such modifications as are necessary to make the lease for the Offered Space consistent with the Basic Business Terms stated in Landlord’s Notice.

  • In this regard, the Company acknowledges that (i) currently, the nature of the Company's business is over the road haulage of bulk products, chemicals, petroleum, natural gas and the like (the "Basic Business") and (ii) the Company has selected and purchased the Revenue Equipment specifically to serve the Basic Business.

  • X Basic Business Expenses in Territory, including phone, paper supplies, postage and voice mail.

  • Upon Tenant's exercise of the Right of First Offer, Landlord shall sell to Tenant the Project or portion thereof on the Basic Business Terms stated in Landlord's Notice, except the purchase price to be paid by Tenant shall be reduced by the brokerage commission contained in the offer, if any.

  • Permit any Subsidiary to conduct any business or operations other than its Basic Business, or to own any assets, enter into any Leases or incur any Debt other than pursuant to its Basic Business.

  • Do or cause to be done, all things reasonably necessary to preserve and keep in full force and effect the Borrower's corporate existence and all permits, rights and privileges necessary for the proper conduct of its business and continue to engage in the Basic Business as its primary line of business and to enter into Contracts solely in accordance with the Credit and Collection Policy.

  • The parties also shall execute a written amendment to this Sublease, incorporating the Basic Business Terms set forth in Sublandlord's Notice; provided, however, that Sublandlord's refusal to execute such lease shall not affect Tenant's rights with respect to the Offered Space.

  • If the Expansion Space Commencement Date will occur more than 18 full calendar months after the Additional Premises Commencement Date under this Amendment, then Landlord’s Notice shall set forth the Third Party Basic Business Terms (as hereinafter defined) on which Landlord would propose to lease the Expansion Space to Tenant (“Expansion Terms”).


More Definitions of Basic Business

Basic Business as defined in Section 3.05.
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Related to Basic 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.

  • 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.

  • 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.

  • 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;

  • 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;

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

  • Trust business means the business of acting as trustee, executor or administrator;

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

  • Micro Business means a company which either:

  • 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 —

  • Principal Business means the primary activity as determined by analyzing the amount of capi- tal, labor, time, attention, and floor space devoted to each business activity and by analyz- ing the sources of net income and gross income. The name, appearance, and advertising of the entity may also be taken into consideration if they are given less weight.

  • Distribution Business means the business of operating and maintaining a distribution system for supplying electricity in the area of supply of the Distribution Licensee;

  • Core Business means any material line of business conducted by the Borrower and its Subsidiaries as of the Closing Date and any business reasonably related or incidental thereto.

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

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

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

  • Licensed Business means the activities connected with the conveyance of

  • 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.

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

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

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

  • Air Transportation Business means the carriage by aircraft of persons or property as a common carrier for compensation or hire, or carriage of cargo or mail by aircraft, in air commerce, as defined in 49 U.S.C. § 40102, as amended.

  • 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;

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

  • 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.

  • Authorized business means 1 of the following: