Business Carried Sample Clauses

Business Carried on in Ordinary Course -------------------------------------- The Business has been carried on in the ordinary course since the Financial Year End and the Corporation has not, since the Financial Year End, sold or otherwise disposed of any of its property or assets. Since the Financial Year End: (i) there has been no change in the Business, operations, affairs, prospects or condition (financial or otherwise) of the Corporation, including any such change arising as a result of any legislative or regulatory change, revocation of any licence, registration, permit or right to do business or as a result of fire, explosion, accident, casualty, labour problem, flood, drought, riot, storm, act of God or otherwise, except for changes occurring in the ordinary course of business and which, in the aggregate, have not materially adversely affected and will not materially adversely affect the Business, operations, affairs, prospects or condition (financial or otherwise) of the Corporation; (ii) the Corporation has not waived, or has agreed or become bound to waive, any right of substantial value or entered into any commitment or transaction not in the ordinary course of business where such right, commitment or transaction is or would be material in relation to the Corporation, taken together, or to the Business; and (iii) except as set forth in the Disclosure Schedule, the Corporation has not created, or has agreed or become bound to create, or has permitted the creation of, any Encumbrance on any of its property or assets (except for any lien for unpaid Taxes not yet due).
Sample 1
AutoNDA by SimpleDocs
Business Carried on in the Ordinary Course Since the Balance Sheet Date, except as set forth in Schedule 4.12: (a) the Business has been carried on in the Ordinary Course of Business; and (b) the Business has been conducted in material compliance with all Applicable Laws.
Sample 1
Business Carried. On The only business that is or has ever been carried on by each Canadian Holding Company is holding its respective portion of the Canadian Purchased Shares. Each Canadian Holding Company has conducted and is conducting its business in compliance with Applicable Law in all material respects and is not in breach of any provision of Applicable Law in any material respect.
Sample 1
Business Carried. ON IN ORDINARY COURSE Since January 31, 2003, the Vendor has carried on the Business in the ordinary course, consistent with past practice and, in particular and without limitation, has not: (a) transferred, assigned, sold or otherwise disposed of any of its assets used in the Business except for the sale of Inventories in the ordinary course of Business; (b) incurred or assumed any obligation or liability (fixed or contingent) relating to the Business other than current liabilities incurred since January 31, 2003 in the ordinary course of Business; (c) paid any obligation or liability of the Business other than in the ordinary course of Business, consistent with past practice; (d) made any material change with respect to any method of management operation or accounting in respect of the Business; (e) except as disclosed in Schedule 4.1.12, increased the compensation paid or payable to Offered Employees or changed the benefits to which Offered Employees are entitled under any Employee Benefit Plan, created any new Employee Benefit Plan or cancelled any existing Employee Benefit Plan
Sample 1
Business Carried on in Ordinary Course To the Vendor's knowledge, since October 31, 2001, the Business has been carried on in the ordinary course, and the Vendor has not, since October 31, 2001, sold or otherwise disposed of any of its property or assets relating to the Business except in the ordinary course.
Sample 1
Business Carried. ON IN ORDINARY COURSE Since October 31, 2005, except as contemplated in Section 5.1.6 of this Agreement, to the Knowledge of the Guarantor the Corporation and each Subsidiary has carried on its business in the ordinary course, consistent with past practice.
Sample 1

Related to Business Carried

  • Business Changes Change in any material respect the nature of the business of the Borrower or its Subsidiaries as conducted on the Effective Date.

  • Disaster Recovery and Business Continuity The Parties shall comply with the provisions of Schedule 5 (Disaster Recovery and Business Continuity).

  • Business Continuity Planning Supplier shall prepare and maintain at no additional cost to Buyer a Business Continuity Plan (“BCP”). Upon written request of Buyer, Supplier shall provide a copy of Supplier’s BCP. The BCP shall be designed to ensure that Supplier can continue to provide the goods and/or services in accordance with this Order in the event of a disaster or other BCP-triggering event (as such events are defined in the applicable BCP). Supplier’s BCP shall, at a minimum, provide for: (a) the retention and retrieval of data and files; (b) obtaining resources necessary for recovery, (c) appropriate continuity plans to maintain adequate levels of staffing required to provide the goods and services during a disruptive event; (d) procedures to activate an immediate, orderly response to emergency situations; (e) procedures to address potential disruptions to Supplier’s supply chain; (f) a defined escalation process for notification of Buyer, within two (2) business days, in the event of a BCP-triggering event; and (g) training for key Supplier Personnel who are responsible for monitoring and maintaining Supplier’s continuity plans and records. Supplier shall maintain the BCP and test it at least annually or whenever there are material changes in Supplier’s operations, risks or business practices. Upon Xxxxx’s written and reasonable request, Supplier shall provide Buyer an executive summary of test results and a report of corrective actions (including the timing for implementation) to be taken to remedy any deficiencies identified by such testing. Upon Xxxxx’s request and with reasonable advance notice and conducted in such a manner as not to unduly interfere with Supplier’s operations, Supplier shall give Buyer and its designated agents access to Supplier’s designated representative(s) with detailed functional knowledge of Supplier’s BCP and relevant subject matter.

  • Business Locations Set forth on Schedule 6.20(a) is a list of all Real Properties located in the United States that are owned or leased by the Loan Parties as of the Closing Date. Set forth on Schedule 6.20(b) is a list of all locations where any tangible personal property of a Loan Party is located as of the Closing Date. Set forth on Schedule 6.20(c) is the chief executive office, jurisdiction of incorporation or formation and principal place of business of each Loan Party as of the Closing Date.

  • Business Conducted Borrower shall continue in the business currently conducted by it using its best efforts to maintain its customers and goodwill. Borrower shall not engage, directly or indirectly, in any line of business substantially different from the business conducted by it immediately before the Closing Date, or engage in business or lines of business which are not reasonably related thereto.

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

  • Business and Travel Expenses Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Employee shall be reimbursed in accordance with the Company’s expense reimbursement policy, for all reasonable out-of-pocket business and travel expenses incurred and paid by the Employee during the Employment Term and in connection with the performance of the Employee’s duties hereunder.

  • Business Continuity Registry Operator shall maintain a business continuity plan, which will provide for the maintenance of Registry Services in the event of an extraordinary event beyond the control of the Registry Operator or business failure of Registry Operator, and may include the designation of a Registry Services continuity provider. If such plan includes the designation of a Registry Services continuity provider, Registry Operator shall provide the name and contact information for such Registry Services continuity provider to ICANN. In the case of an extraordinary event beyond the control of the Registry Operator where the Registry Operator cannot be contacted, Registry Operator consents that ICANN may contact the designated Registry Services continuity provider, if one exists. Registry Operator shall conduct Registry Services Continuity testing at least once per year.

  • Business Contracts All contracts and other agreements (other than the Real Property Leases and Personal Property Leases and the Accounts Receivable) to which the Seller is a party and which are utilized in the conduct of the Business, including without limitation contracts and other agreements relating to suppliers, sales representatives, distributors, consultants, customers, purchase orders, marketing and purchasing arrangements (the "Business Contracts");

  • Insurance Business All insurance policies issued by any Regulated Insurance Company are, to the extent required under applicable law, on forms approved by the insurance regulatory authorities of the jurisdictions where issued or have been filed with and not objected to by such authorities within the period for objection, except for those forms with respect to which a failure to obtain such approval or make such a filing without it being objected to, either individually or in the aggregate, has not had, and could not reasonably be expected to have, a Material Adverse Effect.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!