Business Cessation definition

Business Cessation. If for any reason PEAK ceases business operations and services are not available to the buyer, auto pay drafts will cease will not continue past the end of the month of cessation and prepaid dues will be reimbursed for the outstanding months of the buyer‘s agreement.
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Business Cessation means, at any time following a Specified Collaboration Termination and for a continuous period of at least six consecutive months, the failure of the Company to perform (directly or indirectly through any of its Subsidiaries, licensees, sublicensees, contractors, or agents (in a good faith manner with a view to furthering the business of the Company)) any activity involving the planning or conduct of any research, development, manufacture or commercialization of an R&D Candidate, Product, or any other compound, molecule, macromolecule, vaccine or pharmaceutical product (other than any such failure to perform due to a Force Majeure Event or a prohibition, injunction or similar restraint imposed by Applicable Law or by order of any governmental agency, court or other body of competent jurisdiction).
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Business Cessation. “dissolution”, “liquidation”, “bankruptcy”, “reorganization”, “reconciliation” or “rectification” of any person should be understood as any same or similar legal procedure initiated according to the laws of the establishment place or the business operation place, and the “initiation” of such legal procedure should include that the person concerned agrees the decision or any person applies for initiating such legal procedure.
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Examples of Business Cessation in a sentence

  • To the fullest extent permitted by applicable Laws and Regulations, this Agreement shall automatically terminate, without the need for any further act or deed by either Party, upon the occurrence of a Bankruptcy Event or Business Cessation Event affecting either Administrator or United.

  • To the fullest extent permitted by applicable Laws and Regulations, this DMSA shall automatically terminate, without the need for any further act, deed or notice by either Party upon the occurrence of a Bankruptcy Event or Business Cessation Event affecting Subcontractor or ALERE.

  • In consideration for the Employee agreeing to suspend all business and commercial activities of APPC, the Company will provide a one-time lump sum payment in the amount of US$200,000 to the Employee with five (5) business days following the delivery of written confirmation by the Employee to the Company that he has terminated all business and commercial activities of APPC (which notice must be delivered on or before the Required Business Cessation Date).

  • In other words, given the positive fixed costs of obtaining HELOCs, the consumer will never consider borrowing on a HELOC unless they anticipate a positive desired debt.I next draw upon the following sufficient conditions that are assumed to represent the situation for a consumer who has access to both types of lines of credit, thus generating empirically observed consumer behaviour.

  • Occurrence of any of the following: Insolvency; Business Cessation.

  • The Purchased Assets constitute substantially all of the furniture, fixtures and equipment used by the Sellers to conduct and operate the Business at the Continuing Restaurants in all material respects as conducted and operated by the Sellers prior to the Business Cessation Event.

Related to Business Cessation

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

  • Business Continuity Plan means any plan prepared pursuant to clause H5.6, as may be amended from time to time.

  • Substantial business relationship means the extent of a business relationship necessary under applicable state law to make a guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued "incident to that relationship" if it arises from and depends on existing economic transactions between the guarantor and the owner or operator.

  • Service disabled veteran business means a business that is at least 51 percent owned by one or more service disabled veterans or, in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest in the corporation, partnership, or limited liability company or other entity is owned by one or more individuals who are service disabled veterans and both the management and daily business operations are controlled by one or more individuals who are service disabled veterans.

  • Employment Business means as per the Employment Agencies Xxx 0000 and the Conduct of Employment Agencies and Employment Businesses Regulations 2003, an Employment Business is a business that offers contracts of employment to temporary workers, whose services are then temporarily offered on secondment to Framework Public Bodies.

  • Professional employer organization means an employee leasing

  • Service-disabled veteran-owned business means a service-disabled veteran-owned business located in the State of Tennessee that satisfies the criteria in Tenn. Code. Ann. § 12-3-1102(8). "Service-disabled veteran" means any person who served honorably in active duty in the armed forces of the United States with at least a twenty percent (20%) disability that is service-connected, i.e., the disability was incurred or aggravated in the line of duty in the active military, naval or air service.

  • Business Customer means a customer who is not a residential customer.

  • Service activities means activities in connection with the provision of personal, continuing services to shareholder accounts in the Shares; provided, however, that if the National Association of Securities Dealers, Inc. (“NASD”) adopts a definition of “service fee” for purposes of Section 2830(b)(9) of the NASD Conduct Rules or any successor provision that differs from the definition of “service activities” hereunder, or if the NASD adopts a related interpretive position intended to define the same concept, the definition of “service activities” in this paragraph shall be automatically amended, without further action of the parties, to conform to the then effective NASD definition. Overhead and other expenses related to “distribution activities” or “service activities,” including telephone and other communications expenses, may be included in the information regarding amounts expended for these activities.

  • Small Business Enterprise (SBE) means a business that is certified as an SBE under this program or the following similar programs and meeting the below economic thresholds (Section III “Economic Size Standards”).

  • Eligible small business means a business entity that, at the time

  • 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 –

  • Educational activity means an activity offered by a school, school district, charter school or county office of education that constitutes an integral fundamental part of elementary and secondary education, including, but not limited to, curricular and extracurricular activities.

  • Professional employer services means services provided to a client company pursuant to a written

  • Industrial Activity means activities subject to NPDES Industrial Permits as defined in 40 CFR, Section 122.26 (b)(14).

  • Severe Intellectual Disability means a level of functioning severely below age expectations whereby in a consistent basis the student is incapable of giving evidence of understanding and responding in a positive manner to simple directions expressed in the child's primary mode of communication and cannot in some manner express basic wants and needs.

  • Professional employer agreement means a written contract by and between a client and a PEO that provides for the following:

  • Established business relationship means a relationship between a seller and a consumer based on:

  • Business of the Employer means the business conducted by the Employer, which is the business of commercial banking.

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

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • Business Critical means any function identified in any Statement of Work as Business Critical.

  • Business Case means the written reasoning behind the initiation of a Procurement Project, prepared in the form set out in Part 1 of the Procurement Project Plan at Appendix A of the Procurement Project Planning Protocol.

  • Small Business Enterprise means a for profit small business concern that is at least fifty one percent (51%) owned by one (1) or more individual(s) who are economically disadvantaged. “Economically Disadvantaged Individual” is defined in Appendix B-1, Definitions, in Notice of Requirements for Small Business Enterprise (SBE) Program.

  • Complete Termination means a termination of the Fund's Rule 12b-1 plan for B-2 Shares involving the cessation of payments of the Distribution Fees, and the cessation of payments of distribution fees pursuant to every other Rule 12b-1 plan of the Fund for every existing or future B-Class-of-Shares (as hereinafter defined) and the Fund's discontinuance of the offering of every existing or future B-Class-of-Shares, which conditions shall be deemed satisfied when they are first complied with hereafter and so long thereafter as they are complied with prior to the earlier of (i) the date upon which all of the B-2 Shares which are Distributor Shares pursuant to Schedule I hereto shall have been redeemed or converted or (ii) May 31, 2005. For purposes of this Section 14.5, the term B-Class-of-Shares means each of the B-1 Class of Shares of the Fund, the B-2 Class of Shares of the Fund and each other class of shares of the Fund hereafter issued which would be treated as Shares under Schedule I hereto or which has substantially similar economic characteristics to the B-1 or B-2 Classes of Shares taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of the shares of such class. The parties agree that the existing C Class of Shares of the Fund does not have substantially similar economic characteristics to the B-1 or B-2 Classes of Shares taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares. For purposes of clarity the parties to this agreement hereby state that they intend that a new installment load class of shares which may be authorized by amendments to Rule 6(c)-10 under the 1940 Act will be considered to be a B-Class-of-Shares if it has economic characteristics substantially similar to the economic characteristics of the existing B-1 or B-2 Classes of Shares taking into account the total sale charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares and will not be considered to be a B-Class-of-Shares if it has economic characteristics substantially similar to the economic characteristics of the existing C Class of shares of the Fund taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares.

  • Business Relation means any current or prospective client, customer, licensee, or other business relation of the Company Group, or any such relation that was a client, customer, licensee, supplier, or other business relation within the six (6) month period prior to the expiration of the Employment Period, in each case, to whom I provided services, or with whom I transacted business, or whose identity became known to me in connection with my relationship with or employment by the Company.