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 the ordinary course of business of the Company consistent with past practice.

Ordinary Course of Business means, with respect to any Person, an action taken by such Person if such action is (i) consistent with the past practices of such Person and is taken in the normal day-to-day business or operations of such Person and (ii) which is not required to be specifically authorized or approved by the board of directors of such Person.

Examples of Ordinary Course of Business in a sentence

• No Credit Party will, or will permit any Subsidiary to, other than in the Ordinary Course of Business, change its normal billing payment and reimbursement policies and procedures with respect to its Accounts (including, without limitation, the amount and timing of finance charges, fees and write-offs).

• The Seller will not cause or permit the Business to engage in any practice, take any action, or enter into any transaction outside the Ordinary Course of Business.

• No Seller has any Liabilities, except (a) those which are adequately reflected or reserved against in such Seller’s Balance Sheet as of the Balance Sheet Date and (b) those which have been incurred in the Ordinary Course of Business since the Balance Sheet Date and which are not, individually or in the aggregate, material in amount.

• Since the Balance Sheet Date, (a) Sellers have operated the Business only in the Ordinary Course of Business; (b) no Restricted Event has occurred with respect to any Seller or the Business; and (c) no event has occurred and no circumstance currently exists that has caused or could reasonably be expected to result in a Material Adverse Effect.

• All Inventory, whether or not reflected on the Balance Sheet, consists of a quality and quantity usable and salable in the Ordinary Course of Business.

More Definitions of Ordinary Course of Business

Ordinary Course of Business means, with respect to a Person, the ordinary course of business of such Person and its corporate Affiliates consistent with past custom and practice.

Ordinary Course of Business means, with respect to any Person, the ordinary course of such Person’s business, as conducted by such Person in accordance with past practices and undertaken by such Person in good faith and not for the purpose 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 (including with respect to quantity and frequency) and includes: (i) the payment of distributions in an amount not to exceed the distributions previously paid in the preceding twelve month period for the particular company; and (ii) the acquisition of commercial real estate properties that meet the investment guidelines of the company.

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

Ordinary Course of Business means the ordinary and usual course of normal day-to- day operations of the Business consistent with the past practice of the Business through the date hereof, subject to any duties and restrictions imposed on Sellers under the Bankruptcy Code.

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, 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.