Ordinary business carry on its business and activities in the ordinary and usual course without interruption, in the usual manner so as to maintain its business as a going concern, and not make any change or material decision regarding its business (including its terms of business), affairs, assets and liabilities;
Ordinary business. Ordinary business of an administrative nature with an insurance carrier providing coverage to the Plan may be conducted by an officer so designated by the Group’s governing board pursuant to action taken under the Bylaws. To the extent authorized by the governing board, such officer shall have the authority to bind coverage on behalf of the Plan with an insurance carrier and to make decisions with regard to the Plan, including but not limited to selecting benefits with an insurance carrier. Ordinary business necessary to the continued operation of the Group may be conducted by a simple quorum of the representatives and shall be approved by simple majority vote, based on voting allocation as provided in ARTICLE VIII – SECTION 7, of those representatives who are present and voting.
Ordinary business. ◦ Under this Agreement, the Instalment Purchaser acts in the scope of its ordinary business.
Ordinary business. The Seller shall not change its Business from ----------------- the date hereof until the Closing hereof.
Ordinary business. The Company’s business shall be conducted in all respects in the ordinary and usual course and, to the extent consistent therewith, HKS shall use commercially reasonable efforts to cause the Company to preserve its business organization intact, keep available the services of its officers and employees (subject to changes in the ordinary course) and maintain its existing relations and goodwill with customers, suppliers, distributors, creditors, lessors, regulatory authorities and others having dealings with it.
Ordinary business. In the time period between September 30, 2002 and the Closing Date, the Company has abstained from any transaction (e.g., the entering into new contractual arrangements) outside the ordinary course of business. With the exception of office and payroll related expenses, the Company has not made any payments exceeding in a single case CHF 10,000 without the prior approval of Purchaser.
Ordinary business. Each Company shall conduct its business in all respects in the ordinary and usual course and, to the extent consistent therewith, shall preserve its business organization intact, keep available the services of its managers, officers and employees (subject to changes in the ordinary course) and maintain its existing relations and good will with customers, specifiers, suppliers, distributors, creditors, lessors, regulatory authorities and others having dealings with it.
Ordinary business. During the Pre-Closing Period, the Company (i) has operated its business in the ordinary course consistent with its past practice, (ii) used its reasonable best efforts to preserve its business, (iii) collected receivables and paid payables and similar obligations in the ordinary course of business consistent with past practice, and (iv) not engaged in any new line of business or entered into any agreement, transaction or activity or made any commitment except those in the ordinary course of business consistent with past practice. During the Pre-Closing Period, there has not been any Material Adverse Effect or any material change in the way the Company conducts its business, and there has not been by or with respect to the Company:
(i) any purchase, acquisition, sale, lease, disposal of or other transfer of any assets that are individually or in the aggregate material to its business, whether tangible or intangible, other than the purchase or sale of inventory in the ordinary course of business consistent with its past practice,
(ii) any acquisition (by merger, consolidation or other combination, or acquisition of stock or assets, or otherwise) of any business or other Person or division thereof, or any sale or disposition of any business or division thereof;
(iii) any waiver, termination, cancellation, settlement or compromise of a valuable right, debt or claim;
(iv) any incurrence, creation, assumption, repayment, satisfaction, or discharge of (a) any material Lien (other than Permitted Liens) or (b) any Indebtedness or guarantee, or the making of any loan or advance (other than reasonable and normal advances to employees for bona fide expenses that are incurred in the ordinary course of business consistent with its past practice), or the making of any investment or capital contribution;
(v) any amendment to or termination of any Material Contract, any entering of any new Contract that would have been a Material Contract if in effect on the date hereof, or any amendment to or waiver under any charter documents;
(vi) any change in any compensation arrangement or Contract with any employee of any Company, or adoption of any new employee benefit plan, or made any material change in any existing benefit plans;
(vii) any declaration, setting aside or payment or other distribution in respect of any securities of the Company, or any issuance, transfer, redemption, purchase or acquisition of any securities by the Company;
(viii) any damage, destruction or loss, ...
Ordinary business. Our standard office timings are from 1000hrs to 1930hrs IST, from Monday to Friday. Your working hours will be advised to you by your Manager. You agree that your internship with the Company shall be full time. Furthermore, it is clarified that you are not permitted to remain absent for a period of more than 3 (three) consecutive working days, without the prior written approval of your superior. Any violation of the obligations detailed in this sub-clause will be considered a material breach of the terms of your internship agreement and will give the Company the right to immediately terminate your internship.
